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Consumers Encouraged To Shop Around For Personal Loans

Unsecured Loans - Thursday, February 4th, 2010

We have reported on several occasions over the course of the past few months on how consumers in the UK are generally reducing their outstanding level of personal debt by paying off extra amounts on their personal loans and credit cards.
This has largely been due to the high interest rates which are often charged on [...]

Homeowners Using Credit Cards To Make Loan Repayments

Unsecured Loans - Tuesday, January 12th, 2010

In the aftermath of the credit crunch and recession, a growing number of individuals have dramatically altered their outlook when it comes to their finances, repaying additional amounts off their personal loan and credit card debts, rather than borrowing extra money.
Despite this, a new survey from the housing charity Shelter has revealed that somewhere in [...]

Unsecured Loan Availability Still Very Low

Unsecured Loans - Monday, January 4th, 2010

Last year was a dreadful year for the loan industry in general, as well as anyone looking for a new loan of any kind, whether this was a secured loan or an unsecured loan.
The effects of the credit crunch and banking crisis caused lenders to tighten their lending criteria and struggle with their own wholesale [...]

More Protection For Unsecured Loan Customers

Unsecured Loans - Monday, November 2nd, 2009

Following the problems which have been caused by the credit crunch and irresponsible lending and borrowing over the course of the past few years, there is to be a new code of conduct for banks and other loan companies to follow, in addition to any new regulation which is to be introduced by the Financial [...]

Loan Debts Causing Problems For Self Employed

Unsecured Loans - Monday, August 10th, 2009

The credit crunch and economic slow down has caused huge financial problems for many individuals in the UK over the past couple of years, as their income has dropped whilst at the same time their debts on personal loans, credit cards and overdrafts has continued to increase, leaving many borrowers unable to keep up with [...]

Consumers Remain Cautious Towards Spending And Loans

Unsecured Loans - Wednesday, July 22nd, 2009

The economic problems which have been faced by the UK over the course of the past couple of years have forced many individuals in the country to rethink their financial situation and not to rely too heavily on the assumption that their salary will always be there.
As a result of this, many people have severely [...]

Lenders Reluctant About Unsecured Loans

Unsecured Loans - Monday, July 20th, 2009

Since the start of the credit crunch, almost two years ago now, banks and building societies have become extremely reluctant to offer loans of any kind to a potential borrower, even if the individual in question has a perfect credit history and they have applied for a secured loan against their property.
But when it comes [...]

 
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