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Archive for October, 2007

Debt loan shoppers “sugar coat” the truth

Loans - Monday, October 22nd, 2007

A recently compiled study has revealed that vast numbers of personal loan shoppers, who acquire finance for the specific purpose of consolidating personal debts, significantly dumb down the truth with regards to the actual state of their financial health.
Accordingly, almost 20% of UK individuals who apply for a loan with the intention of pooling their [...]

Home loan borrowers using unsecured credit to stay afloat

Loans - Friday, October 19th, 2007

According to a recent study complied by a new property market show on the BBC, almost 3% of home loan borrowers within the UK are using credit cards and other forms of unsecured borrowing to meet their monthly repayment commitments.
Official numbers have not yet been released, but it is believed that at least 1 million [...]

Expediential growth predicted for the secured loans market

Loans - Thursday, October 18th, 2007

Secured loans are fast becoming the premier tool for consumers looking to consolidate all of their outstanding credit commitments, with the intention of reducing their monthly outgoings in the process.
One of the UK’s largest independent market analysts firms has also revealed that the secured loans sector is growing at an expediential rate, predicting growth over [...]

Credit crunch slows sub prime home loan growth

Loans - Wednesday, October 17th, 2007

The number of individuals with bad credit who have had their application for a home loan rejected in the last year, has increased by almost 50 per cent according to a new study.
Industry statistics garnered by one of the UK’s leading price comparison sites has revealed that the number of rejected home loan applications has [...]

Popularity in cosmetic surgery loans soars

Loans - Tuesday, October 16th, 2007

Recent industry data reveals that cosmetic surgery has fast become one of the premier purposes for consumers acquiring personal loans.
Accordingly, almost 1 million Brits are planning to have some form of surgical procedure carried out over the next 12 months and are expected to borrow in excess of 1 billion pounds in the process. The [...]

Home Improvements cost Brits 1/4 of a Billion

Loans - Monday, October 15th, 2007

Would be home improvers have recently been warned to tread with an air of caution when planning to remodel or renovate their properties, without the help of professional contractors.
According to a new study by one of the UK’s leading loan providers, hundreds upon thousands of Brits may be risking their financial health by opting to [...]

Credit providers urged to be “whiter than white”

Loans - Saturday, October 13th, 2007

According to a recent study, approximately 40% of all active financial agreements do not cater for the needs of the consumer as well as could be hoped.
A representative from one of the UK’s largest building societies claims that a vast number of personal loan providers and mortgage lenders are guilty of “sugar coating” the benefits [...]

 
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