Over the past few months, we’ve all constantly been hearing about the “credit crunch”, the slowing down of the global economy, fuelled initially by the collapse of the American sub-prime mortgage and loan market. This has had a dramatic effect on banks and other lending institutions in this country, as well as indirectly causing other [...]
More than 65% of UK residents are now required to bring home at least £1000 per month in order to keep the cogs of their household intact.
According to a recent study conducted by British banking institution Egg, the accumulative total of household bills coupled with loan and other typical credit commitments will cost the average [...]
No, this isn’t a reference to the song by the rock band Aerosmith, but the sad reality which is being faced by many individuals living in the UK today who are on a knife-edge with their finances. This is the expression which is generally used to describe someone who only has sufficient savings to last [...]
Approximately 70% of British couples that are forward planning their wedding day will use some form of credit facility to cover the costs.
According to financial service comparison site The Motley Fool, young Brits rely heavily on a whole host of different credit products to finance their big day and cement their love to one another. [...]
Loan lenders throughout the UK may soon find themselves in some very hot water with the competition commission, if it is proven that they have accumulated profits through the unfair selling of payment protection insurance (PPI).
It has been revealed that privately held loan lenders as well as many publicly traded high street banks and financial [...]
We reported earlier this week that the Financial Services Authority (FSA) were launching an investigation into the practices adopted by major lenders with regard to repossessions of their customers houses following home loan arrears. The FSA were concerned that many lenders were too eager to repossess a property, particularly in the current economic climate and [...]
The ailing bank and UK loan lender, Northern Rock, announced this week that it was making “solid progress” on its business plan with the Bank of England and was on track to repay the loan from the Government, which was made last year in order to bail out the Newcastle based lender.
Ron Sandler, who was appointed [...]
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