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Tuesday 25th September 2007
Increasing number of loans used for consolidation An increasing number of borrowers are taking out personal loans to consolidate their existing debts, according to an expert from Sainsbury's bank. According to statistics from the debt charity, Cr...
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Friday 21st September 2007
New way to compare loans proposed A new method which might help consumers to better compare the cost of loans has been revealed in research published by the Council of Mortgage Lenders (CML). The study proposes a new interest ra... |
Tuesday 11th September 2007
Record numbers seek debt advice The number of people seeking help for debt problems has soared to record levels, according to the Citizen's Advice Bureau (CAB). CAB reports that debt problems are now the single biggest issue it ... |
Friday 7th September 2007
Responsible lending must be key commitment for banks, says the Banking Code Banks and building societies all have commitment to demonstrate responsible lending under the Banking Code, a spokesperson has said. The Banking Code is a voluntary set of rules followed by banks... |
Thursday 16th August 2007
Students need to know the cost of debt With current student debt standing at a huge £18,116 million, this year's crop of A-level students who are heading off to university are being warned of the implications of the debt they build... |
Tuesday 14th August 2007
Loans put a price on friendship Brits lend their friends a total of £510 million each year, but this generosity could be costing more than money, according to new figures from Abbey Loans. The survey reports that 4.4 millio... |
Thursday 9th August 2007
Banks have a "responsibility" to students Banks have a "responsibility" not to lend more money to students than they can afford to pay back, a spokesperson for HSBC has said. Many banks offer student accounts with overdraft fac... |
Friday 20th July 2007
Britons owe twice as much as they think Brits are seriously underestimating their debts - the average adult reckons their debt stands at £5,251, according to Mintel, but the Bank of England puts average debt at £10,300. With ... |
Monday 16th July 2007
Co-op turns away unethical loans The Co-operative Bank has turned away £700 million in loans for ethical reasons in the last 15 years. The bank, which markets itself as the high-street leader for ethical banking, has rejec... |
Friday 29th June 2007
Vehicles top choice for loans New research has found that vehicles are the main reason behind people taking out personal loans. According to a study by Alliance and Leicester, 37 per cent of all loans are taken out to finance ... |
Tuesday 5th June 2007
Student loans slated by credit charity Credit Action has said that students are too willing to take on debt and that student loans just perpetuate the problem. Despite the fact that Credit Action believes that paying the loan back does... |
Thursday 24th May 2007
Consumer credit market 'slowing' Britain's addiction to debt is beginning to slow down, a report suggests. Market analyst Datamonitor says that gross UK lending contracted by 4.5 per cent to £207.8 billion in 2006, compared ... |
Wednesday 23rd May 2007
Parents going for broke Children are at risk of inheriting debts from their parents if adults in the UK do not take out life insurance policies, according to Life-Insurance-Online. Over 30,000 Brits were declared bankru... |
Thursday 17th May 2007
Banks 'struggle' to get youngsters to save No matter how many savings products banks put out or how they promote them, young people just don't want to save, according to Alliance & Leicester. Ross Dalzell, marketing manager for saving... |
Tuesday 15th May 2007
Local officials 'need PFI training' Local officials do not have the commercial awareness to negotiate deals under private finance initiatives (PFI), MPs have warned today. A report from the public accounts committee (PAC) has highli... |
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Loans
Just when many analysts had come to terms with the 3.5% rise in retail sales in May and the fact this did not seem correct, June has seen a fall of 3.9% in sales – the worst fall in 22 years. The... 
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