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Archive for the 'Personal Loans' Category

Loan Rates Increase To Cover Cost Of PPI

Personal Loans - Tuesday, August 25th, 2009

We reported several months ago that the Office of Fair Trading (OFT) and Competition Commission (CC) were conducting an investigation into the sale and marketing of Payment Protection Insurance (PPI) alongside the arrangement of a new personal loan.
As a result of this investigation, it was decided that consumers were not being given sufficient time to [...]

Payment Protection Insurance Claims Not Being Paid

Personal Loans - Tuesday, August 4th, 2009

When an individual applies for a personal loan or a homeowner loan, the more sensible borrowers, who are concerned about their financial security, usually take out some type of Payment Protection Insurance (PPI), which is designed to cover the cost of the monthly loan repayments for one or two years in the event of the [...]

Too Much Regulation Is Not Necessarily A Good Thing

Personal Loans - Wednesday, July 8th, 2009

As we have previously reported, the government have become increasingly concerned, over the course of the past few months, with the average level of personal debt on personal loans and credit cards, held by the typical consumer living in the UK today.
As a result of this, they are taking steps to clamp down on less [...]

Consumers Paying Off Loan Debts Rather Than Saving

Personal Loans - Thursday, July 2nd, 2009

There has recently been a shift in behaviour patterns amongst consumers in the UK, with regard to their financial matters.
According to the latest figures from the Building Societies Association (BSA), a large number of individuals are now choosing to repay their debts on personal loans and credit cards, as opposed to saving the money in a [...]

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 [...]

Recession Proving To Be Good News For Pawnbrokers

Personal Loans - Friday, May 29th, 2009

People living in the UK are feeling the pressure of the current economic down turn at the moment, as everybody seems to be being careful about what they are spending and trying to make their money go as far as possible.
This seems to be also true for the major high street banks and other loan [...]

Complaints On Payment Protection Insurance For Loans Increase

Personal Loans - Thursday, May 7th, 2009

Over the course of the past few months we have reported on a number of occasions about the problems with Payment Protection Insurance (PPI) which has been taken out to offer protection for people’s personal loans.
Many people who thought that their loan repayments were covered have discovered that they were not actually eligible for the [...]

 
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