The effects of the credit crunch and recession are still having a huge impact on individuals in the UK, particularly when it comes to staying on top of their monthly bills and in particular keeping up with the repayments on their home owner loan, credit cards and personal loans.
Whilst many people are struggling to keep [...]
Individual debt on personal loans and credit cards has reached record levels in the UK in recent years and still seems to be increasing, as many individuals continue to take out new loans and use their credit cards to pay for their day to day living expenses.
Following the recent recession and low levels of economic [...]
One of the biggest criticisms of the Government and Banking sector in the UK following the recession and banking crisis, is the lack of support being shown in offering new business loans to small and medium sized companies.
In an attempt to encourage the finance sector to offer more loans to businesses, Vince Cable and George [...]
There are a number of ways for an individual to sort out a new loan for themselves. Many people will simply go straight to their own bank if they require a personal loan or a home owner loan and accept the first thing they are given.
Others may use the internet or financial press to research [...]
The past two or three years have left many borrowers in a difficult position financially, particularly when it comes to keeping up with their repayments on their home owner loan or mortgage. With increasing unemployment figures and adverse economic conditions, loan arrears have been rising and many borrowers have ended up facing repossession.
Due to financial [...]
Last year saw a number of large players in the equity release loan market withdraw from the business altogether, due to economic conditions and a lack of available funding for loans through the wholesale money markets.
Despite these negative signs, several new companies also started to provide equity release loans and products and those firms who [...]
As the average level of debts on personal loans and credit cards continues to increase for consumers in the UK, a new survey has revealed the impact that this is having, not only on individual’s finances, but also on their health and family life.
The survey, which was conducted by the debt charity Consumer Credit Counselling [...]
