The past couple of years have seen a huge increase in the number of houses being repossessed by banks and building societies, as borrowers find it increasingly difficult to maintain the repayments on their home owner loan or mortgage, as well as all their other personal loans and other debts, in the face of the [...]
Despite the credit crunch and economic slow down, last year saw consumer borrowing on personal loans and credit cards continue to increase, with an annual increase of around 8 per cent over the course of the year.
But as we enter the final quarter of 2009, it would appear that consumer’s appetites for borrowing money through [...]
When someone applies for a new personal loan, they can reasonably expect the lender or loan company to carry out a credit check on their financial situation and background before they offer the loan.
This credit check will leave a “footprint” on the individual’s credit rating, which shows that they have applied for a loan and [...]
Despite the fact that the credit crunch and recent recession in the UK have made many individuals rethink their personal financial situation and make a positive effort to reduce the amount which they owe on their personal loans and credit cards, a new survey form the charity Credit Action has shown that the average level [...]
Over the course of the past few months there has been a significant rise in the number of people taking out homeowner loans and mortgages, as many individuals who may have been putting off buying a house take advantage of low interest rates on loans and relatively low house prices and as a result of [...]
There has been plenty of talk about economic recovery over the course of the past couple of months and the fact that the UK is slowly moving in a positive direction, albeit slowly.
However, the effects of the recession have taken their toll on a large number of individuals in the UK, with somewhere in the [...]
Whilst the population of the UK is generally slowing down when it comes to taking on more debt through loans and credit cards and focusing on repaying their existing loans, the latest statistics on the state of the nation’s debt have revealed that the net repayment of loan debts through July this year is just [...]
