The consumer credit market, which includes credit and store cards, as well as personal loans and other forms of unsecured loans, has had a particularly slow year in terms of new loan activity and sales and according to the latest figures, numbers are actually dropping.
The latest figures from the Finance and Leasing Association (FLA) have [...]
The number of people finding themselves in large amounts of personal loan and credit card debt is still growing at an alarming rate in the UK, with more and more people falling behind on their loan and card repayments and building up serious levels of loan arrears.
Whilst some people continue to be frivolous on how [...]
Most people have had the occasional month where their outgoings exceed their income at some time or other, but a new survey has found that somewhere in the region of 14 per cent of the adult population of the UK are living well beyond their financial means.
The survey from the protection specialist, Bright Grey, has [...]
In recent years, the UK has become a nation of borrowers, taking out personal loans and credit cards as though they were going out of fashion. This has, of course, led to record levels of loan and credit card debt amongst UK consumers.
Whilst the economy was growing well, this was not a major problem for [...]
The level of personal debt on loans, credit cars and home owner loans and mortgages in the UK is continuing to increase, according to the latest figures from the UK’s leading financial institutions and with it, the level of bad loan debt is also rising.
During the second three months of this year alone, banks and [...]
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 [...]
The past couple of years or so have seen the availability of any kind of loan reduce drastically, as lenders tighten their lending criteria and struggle to obtain the necessary wholesale funding to supply loans to borrowers.
Despite some signs of growth in the UK economy, both lenders and borrowers are still extremely cautious about offering [...]
