Following the effects of the credit crunch and the recent banking crisis, the secured loan industry has been hit particularly hard, with the industry almost grinding to a complete halt and many secured loan providers either closing their doors to new business, or going out of business altogether.
In recent months there have been signs of [...]
Last year saw the beginning of a change in consumer trends within the personal loan and home owner loan markets, as a growing number of borrower chose to repay additional amounts off their loans and other debts, following the wake up call provided for many by the effects of the credit crunch and recession.
Although the [...]
Despite the fact that the UK has officially left the recession behind and we are apparently on the road to recovery, there is still a rising problem with personal debt through personal loans and credit cards, even amongst those individuals who are in a stable job in full time employment.
As personal loan debts increase, a [...]
The Bank of England base rate of interest for loans and savings has now been at its lowest level in the entire 300 year history of the Bank, remaining at just 0.5 per cent for the past fourteen months, yet this low rate is still not being reflected in the rates charged by lenders for [...]
One of the success stories of the last government was that of the car “scrappage” scheme, which allowed people £2,000 trade in value on an old car against a brand new one. Sine the end of the scheme, many dealers have continued to offer their own version of the scheme, with the majority calling it [...]
We have reported on a couple of occasions recently on how one or two lenders are tentatively starting to dip their toes back into the waters of sub prime loans, or bad credit loans, albeit in a very small way.
Although there is a growing demand for sub prime loans for house purchase, there is still [...]
Bridging loans are nothing new in the UK. A large number of people use them every year in order to be able to move house before they have sold their existing property and cleared their existing home owner loan and released the equity from their property sale.
A bridging loan is simply a short term secured [...]
