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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
