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A recent report by BDO Stoy Hayward has revealed that true extent of rising business fraud across the UK. The study has shown an alarming 74% rise over the last six months and signs that worse is...
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Monday 30th June 2008
Government to 'expand' credit unions Credit unions are to be allowed to have an expanded role, according to new government legislation. The reforms will mean that the community-based loans and savings groups will now be allowed to st...
Tuesday 24th June 2008
Most young people 'offered unwanted credit' Young people are being bombarded with offers of credit from lenders, new research reveals. According to Citizens Advice, around two-thirds of 16 to 24-year-olds have been offered unwanted cards an...
Thursday 19th June 2008
Students urged to prioritise debts British students are being urged to prioritise their debt, as many graduates from university owing money on credit cards as well as student loans. Chief executive of moneynet.co.uk, Richard Brown,...
Thursday 12th June 2008
LIBOR Rate Hit Three Month High It seems as though speculation that the next interest rate move in the UK will be higher is starting to feed through to the money markets. LIBOR, which is the rate at which banks lend money to...
Monday 2nd June 2008
Barclays And RBS Raided By Antitrust Regulators In a move which has again put the banking sector in the headlines for all of the wrong reasons it has been announced that both Barclays Bank and Royal Bank of Scotland were raided by the UK...
Monday 2nd June 2008
How Does It Now Pay To Borrow More? As the rate of interest charged on personal loans continues to rise in line with the mortgage market, we have arrived at the crazy situation where banks and loan companies are quoting reduced...
Friday 30th May 2008
Loan rates on a constant rise In today’s world it’s getting much harder take out a loan with a reasonable interest rate, statistics have shown that around 50% of people applying for a UK loan will be instantly rejected down to...
Sunday 25th May 2008
Offshore Companies Offering Pay Day Loans At 2,255% APR As the financial situation continues to worsen for many in the UK, it has been revealed that a Malta based finance company has been offering Pay Day loans to UK residents with an annual interest...
Saturday 24th May 2008
Doorstep Loan Deals Are On The Up While the so called doorstep loan companies may have their uses for some people, the vast majority of those in the UK who use their services find it difficult to escape. We are talking about the...
Thursday 22nd May 2008
Payday loans 'highlight UK's debt problems' The increase in the use of payday loans is indicative of millions of Britons' problems with debt, a charity has claimed. Since September 2007, take up for payday loans, which offer short-term hig...
Tuesday 20th May 2008
Repayment rates on loans rose in last six months Borrowers seeking loans of £5,000 and £7,500 are being hit by higher repayment rates, as lenders shore up their lending criteria. Research conducted by MoneyExpert.com found that over t...
Saturday 17th May 2008
When Will The Debt Mountain Start To Fall While economic activity in the UK continues to fall there are real concerns that many of the UK population may be left with substantial debt for many years to come. Prior to the major turnaround...
Friday 16th May 2008
Inflationary Pressure May Curb Interest Rate Cuts While you would be mistaken for thinking that the attitude of the Bank of England towards further base rate cuts had softened of late, the prospect of inflation creeping higher seems to have ended...
Tuesday 13th May 2008
Lenders slammed over misleading advertising Several lenders who use social networking sites to promote their products are breaking advertising regulations, according to a new report from a debt charity. A study conducted by Credit Action f...
Tuesday 6th May 2008
Equity release is here to stay, says SHIP The downturn in the property sector will not spell the end for equity release plans, according to the director general of SHIP (Safe Home Income Plans). Latterly, the housing market has been mark...
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