Prior to the credit crunch, a potential borrower did not need to be concerned about the amount of money they were able to borrow on a home owner loan or mortgage, lending criteria was so relaxed that it was possible to borrow large income multiples on loans as well as high loan to value ratios, [...]
It may be all change at number 10, with new people trying to do old jobs differently in order to make an impression and hopefully change things for the better, but some things never change.
Despite the UK officially leaving recession, there are more and more individuals struggling to keep on top of the repayments on [...]
We reported on several occasions, some time ago, that the Competition Commission (CC) and the Office of Fair Trading (OFT) had conducted a report into the sale of Payment Protection Insurance (PPI) policies at the same time as selling a credit product, such as a personal loan, credit card or home owner loan.
The investigation was [...]
The market for both secured loans and unsecured loan in the UK has become a particularly difficult one for many individuals since the onset of the credit crunch and banking crisis. Consumers are currently divided between those who are able to be accepted for as new loan and those who can’t get finance, or can [...]
We reported recently, that the latest figures published by the insolvency service have revealed a significant increase in the number of individuals entering into bankruptcy, or taking out an Individual Voluntary Arrangement (IVA) due to not being able to manage their personal loan and credit card debts.
It is believed that a large number of individuals [...]
Following months of low levels of activity, the amount of new lending on business loans to small companies saw a significant increase over the course of the month of March this year.
The news comes from the British Bankers Association (BBA), who’s latest figures show that there was £678 million worth of new business loans offered [...]
A new term has just been introduced to the loan industry. Link loans, a secured loan packaging company, have just introduced “baby loans” and if you’re wondering, this has absolutely nothing to do with starting a family!
The new product is aimed at those borrowers who may have an unsecured loan, or borrowing through a credit [...]
