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Archive for June, 2009

Lender Encouraging Bad Credit Loan Customers To Leave

Bad Credit Loans - Friday, June 19th, 2009

It was not all that long ago when banks and building societies were doing everything within their power to try and retain their homeowner loan customers and stop them from switching their loans to another provider.
This was often done through new incentives being offered to borrowers who had come to the end of their current [...]

Government To Investigate Homeowner Loan Arrears

Homeowner Loans - Thursday, June 18th, 2009

The effects of the credit crunch and the current economic slowdown have had a huge impact on many people living in the UK, particularly those with homeowner loans and mortgages secured on their properties.
Financial problems, often due to circumstances which have been beyond and individual’s control have led to a large increase in secured loan [...]

Homeowner Loan Rates Increase

Homeowner Loans - Wednesday, June 17th, 2009

We reported recently that it looked increasingly likely that the majority of lenders would be forced to increase the rates on their loan products, particularly on fixed rate homeowner loans.
This is largely due to an increase in the cost for banks and building societies wanting to borrow funds at commercial rates on the wholesale money [...]

Don’t Panic Over Negative Equity

Homeowner Loans - Tuesday, June 16th, 2009

In recent years, leading up to the current economic slow down and credit crunch, many people have bought property with the view that they could not possibly lose money on it and have therefore taken out large homeowner loans, mortgages and other secured loans in the certain knowledge that the value of their home would [...]

Payment Protection Insurance Back In The Firing Line

Personal Loans - Monday, June 15th, 2009

There has been an awful lot of bad press over the past few months regarding Payment Protection Insurance (PPI), with a growing number of mis selling of policies and a large number of complaints from policyholders who have been unable to claim, or found out that they are not actually covered for what they thought [...]

Citizens Advice Receiving Increased Debt Enquiries

Debt Consolidation Loans - Friday, June 12th, 2009

As the current recession and general economic slow down continues to takes its toll on many individuals in the UK with homeowner loans, credit cards, personal loans and other debts, a growing number of people are seeking impartial advice on their best course of action to deal with their financial problems.
As a result of this, [...]

Banks Encouraged Not To Repay Loans Early

Bank Loans - Thursday, June 11th, 2009

Over the course of the past couple of years or so, a number of major high street banks have effectively been partly, or fully, nationalised by receiving a financial bail out in the form of a loan from the Government.
Northern Rock was the first bank to receive a loan, followed by the Royal Bank of [...]

 
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