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Archive for March, 2008

CML advises home loan borrowers to stay sharp

Loans - Thursday, March 20th, 2008

Prospective home loan borrowers have been advised to pay extra special attention to potential deals, in order to stay one step ahead of a rapidly changing industry.
According to a representative from CML, having a thorough understanding of the British housing market as well as the home loan lending industry will prove to be more vital [...]

Banks work harder to entice sceptical consumers

Bank Loans - Wednesday, March 19th, 2008

The effect of the worldwide credit squeeze has caused some British Banks to offer “better than average” deals on a wide variety of different products, in a bid to persuade cautious consumers to use their services.
A spokesperson for the Motley Fool price comparison site commented that consumers were in a very strong position with regards [...]

Crunch signals increased bad credit awareness

Loans - Wednesday, March 19th, 2008

The availability of cheap loans and credit have made a sharp exist from many British lenders product portfolios, which one firm believes has signalled a prime time for consumers to start taking their credit rating more seriously.
According to the UK’s leading loan, mortgage and credit card comparison site, a national tightening of credit criteria should [...]

Brits go consolidation crazy

Loans - Tuesday, March 18th, 2008

Indebted consumers have gone consolidation crazy over the last 3 years suggests a new study.
According to a leading price comparison site, almost 7 million borrowers within the UK have opted to use a debt consolidation loan as a means to control their monthly expenditure.
Expressed in percentage terms, the statistics effectively mean that around 20% of [...]

Loan borrowers defaulting due to unannounced home moves

Loans - Monday, March 17th, 2008

Most detriments to individuals credit profiles could be easily avoided, provided that borrowers inform their creditors of changes in address, as and when they move.
According to a new study, sizeable numbers of people within the UK are damaging their credit records through the act of relocation whilst not informing loan providers as to where they [...]

Personal loan worry deprives Brits of sleep

Personal Loans - Friday, March 14th, 2008

Recent studies show that British residents spend more than 2 years of their lives, worrying about the condition of their personal finances.
An interesting new survey conducted by the co-op bank has found that the British public exhausts more than 14 billion collective hours through worry each year, over issues of credit commitment.
Accordingly, rash decisions to [...]

Saving scheme to reduce loan dependency

Loans - Friday, March 14th, 2008

A recently introduced national savings scheme could help towards reducing the financial burdens of certain British families.
Some of Britain’s lowest earning households could soon be entitled to additional funding by the government, through the use of a new scheme dubbed the “savings gateway”. The initiative is devised to help families who would have otherwise resorted [...]

 
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