The most recent big mis selling scandal to hit the financial services market in the UK is that of Payment Protection Insurance (PPI), which has been sold alongside a personal loan, credit card or other unsecured credit agreement.
Although claims from loan customers against banks and loan companies regarding their PPI policies have been going on [...]
The Office of Fair Trading (OFT) has announced that it is to carry out an extensive review into the pay day loan sector after it has received growing concerns that some pay day loan companies are targeting vulnerable borrowers and taking advantage of those individuals who are desperate for a loan.
The last time the OFT [...]
Growth in the UK loan industry is particularly slow at the moment and has been for some time, due to the fact that many potential borrowers are unwilling to take out a new loan in the current uncertain economic climate, or are unable to be accepted or a new loan due to tougher lending criteria [...]
Borrowers across the UK who have taken a personal loan out with Cahoot in recent years, could be entitled to a refund of some of their loan and interest repayments, after the lender dramatically increased the interest rates chargeable on their range of existing personal loan products.
Santander, the parent bank of Cahoot, has already made [...]
There have been a number of mis selling scandals over the course of the past few years within the financial services industry in the UK. First there was the low cost endowment scandal, where policies were not making sufficient growth to pay off an interest only home owner loan or mortgage.
Then there was the pensions [...]
More and more individuals across the UK are falling into serious debt through personal loans and credit cards at the moment and whilst many people still think of excessive loan debts as an embarrassing problem, there are a growing number of people in the same situation and loan and card debts don’t seem to carry [...]
The most common complaint from potential first time buyers and the biggest reason they say that they are unable to get themselves onto the housing and home owner loan ladder, is due to the fact that that they are unable to raise a large enough deposit to meet lenders’ maximum loan to value ratios.
However, a [...]
