Best Loans News

Archive for October, 2007

Secured loans a likely prospect for sub prime applicants

Loans - Wednesday, October 10th, 2007

Having bad credit may not be as restrictive in the hunt for a competitively priced personal loan, as many consumers are led to believe suggests a recent study.
Accordingly, individuals who have been refused credit in the form of an unsecured loan may still have a chance to attain credit if they are a homeowner and [...]

Economic climate will spare high end borrowers

Loans - Tuesday, October 9th, 2007

The UK economy is currently in the throws of a major credit readjustment, which is affecting many home loan borrowers throughout the country. However, it would appear that borrowers on the higher end of the scale have not been as seriously affected.
A leading British investment firm has revealed that changes in the economy are less [...]

Watchdog’s initiative will ensure a better loan insurance deal

Loans - Monday, October 8th, 2007

In an attempt to help consumers better understand loan insurance (or PPI as It is more commonly known), the UK’s financial watchdog (The FSA) has announced plans to release comprehensive comparative tables of the product, for as early as Q1 2008.
Loan insurance of has been central to much scrutiny throughout 2007, following on from a [...]

Love loans stretch British pockets

Loans - Friday, October 5th, 2007

Splurging large amounts of cash on your better half could signal the start of financial difficulties at a later date suggests one of the UK’s largest banking institutions.
 
Accordingly, UK citizens spend an average of £1’500 per annum on gifts and weekends away to treat their partners and loved ones, using personal loans and credit cards [...]

Young Brits indebted due to personal loans

Loans - Thursday, October 4th, 2007

Recent statistics suggest that 80% of people aged between 19-27 are indebted to at least one creditor, causing them to seek some form of debt help
One of the UK’s most active debt related charities has revealed that Britain’s youth appear to have a very obvious penchant for credit accumulation, with around 2/5th’s of people within [...]

ATM’s and Cards cost the consumer…Big!

Loans - Wednesday, October 3rd, 2007

New data, released by the Consumer Credit Council suggests that credit card withdrawals are one of the most common ways for consumers to amass high-end personal debts.
Accordingly, people who actively use their credit cards as a means to withdraw cash from ATM’s have created a market worth around £8.5 billion per annum. However, it is [...]

September credit consumption increases

Loans - Tuesday, October 2nd, 2007

Just when we thought that interest rates were finally slowing the rate of consumer credit acquisition, September’s figures quashed it.
According to a new set of industry statistics, the total volume of net credit rose again in September, with the number of new loan applications increasing by around £100 million. The BOE has stated that the [...]

 
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