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Archive for February, 2008

Loan borrowers review their habits

Loans - Friday, February 22nd, 2008

30% of UK credit buyers are actively reviewing the particulars of their financial commitments, as a response to worldwide credit tightening.
According to one of the UK’s leading insurers, British consumers are sourcing new, more competitive alternatives to a number of commonly used products such as loans, credit cards and a wide and varying array of [...]

Multi card users “credit hopping” to personal loans

Loans - Thursday, February 21st, 2008

Consumers, who choose to balance a number of credit cards as a means to manage their finances, increase their chances of getting into serious debt.
That’s the warning as voiced by a representative of the consumer credit service, who state that a high percentage of Brits are actively using more than one credit card, equating to [...]

Secured loans are Britain’s premier debt tool

Secured Loans - Thursday, February 21st, 2008

Secured loans have become the premier way for British consumers to clear their outstanding debts, one source has revealed.
A recent report released by financial comparison site Money Extra, reveals that consumers who are managing high value debts, are turning to secured loans due to the extended repayment terms that are offered through this form of [...]

Lib Dems predict wide scale financial ruin

Loans - Wednesday, February 20th, 2008

A senior representative of the Liberal democrats has recently voiced concerns that Brits could be heading into a gloomy financial period, where personal insolvency and Bankruptcy run rife.
The announcement was made in response to newly published statistics, which reveal the number of individuals who partook in an IVA during the whole of last year, had [...]

Indebted borrowers do little to help themselves

Loans - Tuesday, February 19th, 2008

Mounting levels of personal debt are becoming the number 1 concern for British consumers.
According to recent research by the UK’s 2nd most popular financial comparison site, more than 1/3 of indebted adults are switching to panic mode, with regards to managing their monthly loan, credit card and mortgage outgoings.
It has also been reported that more [...]

Firm to spearhead debt awareness workshops

Debt Consolidation Loans - Tuesday, February 19th, 2008

Scores of adults within the UK will have access to personal training in financial management, should a newly proposed scheme get the green light.
One of the countries premier financial awareness institutes (IFS) is the body set to spearhead the national campaign, following on from a spate of preliminary workshops over the past 12 months. The [...]

Lenders should offer more support to home loan payers

Loans - Monday, February 18th, 2008

A recently released CAB report has revealed some worrying new information, regarding the struggles which are currently affecting large numbers of home loan payers in the UK.
According to the institution, an increase of more than 10% in the number of home loan payers contacting its branches, in seek of help with the repayment of their [...]

 
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