The government has been criticised by loan debt campaigners, following its review of the consumer credit and personal loan market, since it failed to introduce any new legislation or plans to place a cap on expensive borrowing options, such as pay day loans.
The Department for Business, Innovation and Skills, along with the Treasury, announced a [...]
There are growing concerns that many young people in the UK are facing a bleak future with their finances, due to increasing difficulties with personal loan and credit card debt and a much lower chance of being able to get a home owner loan and get themselves onto the housing ladder.
The news comes from the [...]
For some time now, there has been a battle going on between unsecured loan providers in a bid to be able to offer the most competitive cheap loan deal on a personal loan, with the most attractive rates being offered on new loans of between £7,500 and £14,999.
The good news for those potential borrowers who [...]
Since the onset of the credit crunch and banking crisis in the UK, it has become increasingly more difficult for someone to be accepted for the personal loan they require from a traditional route, such as a bank or building society and this has driven many borrowers to look for alternative types of loan.
One particular [...]
Whilst the personal loan industry in the UK is struggling generally, with loan numbers and borrowing seeing an overall reduction, one area of the loan industry has seen a surge in new business, as borrowers are unable to get the funding they require from more traditional sources.
There has been a dramatic increase in the number [...]
Recent economic growth projections for the UK have caused many consumers to become more cautious about how they spend their money at the moment, which has resulted in a reduction in the number of personal loan applications and the use of credit cards for purchases.
The latest figures from the British Bankers Association (BBA) have shown [...]
With more and more children wanting to go on to further education at a university these days, many parents are starting to think about how to pay for these high costs, with many starting savings policies for their children at an early age.
However, a new survey, conducted by Standard Life, has estimated that around half [...]
