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Loans News Stories

Loans with a personal touch: the new way to borrow

Updated: 18th August 2017 - First Published: 17th August 2017 Applying for a personal loan can be a minefield. Not only do you need a perfect credit score, but you need to prepare yourself for the fact that you may not get the advertised rate – and that you may even be declined. What if there was a better way? Read More...

Brits less in debt

Updated: 08th August 2017 - First Published: 08th August 2017 A new study has revealed that while the majority of Brits are (still) in debt this year, the amount they owe is less than in 2016, with the average Brit now taking out £363 in new debt, compared with £446 last year. Read More...

Get the cheapest £5k loan rate – while you can!

Updated: 18th July 2017 - First Published: 18th July 2017 When making any kind of significant purchase, you may have considered applying for a personal loan to fund it. Well, you’re picking a great time! Providers continue to launch record low rates, but those cheap loans may not be around for long. Read More...

High street loan rates 2% higher than challengers

Updated: 13th June 2017 - First Published: 13th June 2017 Think all loans are created equal? Think again! A lot of it comes down to where you go to get your cash injection, and you may be surprised to learn that if you head to a high street bank, you could get a far worse deal. Read More...

Personal loan rates – a tale of two halves

Updated: 21st March 2017 - First Published: 21st March 2017 Personal loan rates have steadily fallen in recent years, but things are starting to shift - although rates for larger sums are still falling, they’re edging up for small loans, so it's vital to make sure you get the best personal loan rate possible. Read More...

Over £2bn in personal loans for debt consolidation

Updated: 30th January 2017 - First Published: 30th January 2017 Many people will be enjoying the first payday of the year, yet with credit card bills also arriving, it may be a short-lived celebration - and as a result, the number of personal loan applications is likely to ramp up. Read More...

Blue Monday hits nation’s finances

Updated: 16th January 2017 - First Published: 16th January 2017 Today has been dubbed Blue Monday – the most depressing day of the year – and considering how many people could be battling with their finances this month, it’s little wonder. Read More...

Calls to make the loans market clearer

Updated: 11th January 2017 - First Published: 11th January 2017 At first glance the personal loans market may seem simple enough, but get into the nitty gritty and it can be anything but. As a result, some are calling for action to make the market clearer and fairer for all. Read More...

Get the cheapest ever personal loan!

Updated: 29th December 2016 - First Published: 29th December 2016 Have you woken up with a financial hangover after the festivities? Perhaps you’ve got big plans for the year ahead, or maybe you need a new car? Well, whatever your reasons for needing a loan, you can now snap one up for the cheapest ever rate! Read More...

Regulator to take closer look at high-cost credit

Updated: 29th November 2016 - First Published: 29th November 2016 When used well, credit can be a viable way to help make ends meet and balance the books – but the problem comes when that credit is of the high-cost variety. The regulator has will be taking a closer look at the sector to see what else can be done. Read More...

The payday loan market is still broken

Updated: 09th November 2016 - First Published: 09th November 2016 The payday loan market has been under fire a lot in recent years, and as a result, the financial regulator stepped in. But has it made a difference? Unfortunately, it looks as though there’s still a lot of work to be done. Read More...

Get a record low rate loan - if you qualify

Updated: 07th October 2016 - First Published: 07th October 2016 Competition in the personal loans market is as hot as ever, so much so that one loan provider has slashed rates to the lowest on record – but only to those who fit the bill. The shopping bill, that is… Read More...

Competition returns to loans, but stalls in cards

Updated: 26th September 2016 - First Published: 26th September 2016 Our recent figures reveal a mixed picture in terms of unsecured lending, as while competition appears to have returned to the loans market, it’s notably slowed in the credit card sector. Read More...

How to improve your credit score

Updated: 12th January 2017 - First Published: 10th August 2016 Are you thinking about applying for credit? If so, you need to make sure your credit score is in order. Read More...

Beware of the not-so-cheap personal loan

Updated: 07th December 2016 - First Published: 20th June 2016 Unsecured personal loans can be ideal for people who have debts to consolidate or who want to make a purchase with a fixed repayment plan, but these loans may not always be the best option, particularly for low borrowing amounts... Read More...

Are you a mover or an improver?

Updated: 07th June 2016 - First Published: 07th June 2016 When you indulge in a spot of home improvement, is your primary motivation to create your dream home, or to secure financial gain if you were to sell it? Well, Zopa has taken a look... Read More...

Will you improve or move?

Updated: 25th April 2016 - First Published: 25th April 2016 It’s the time of year when many people start to think about their homes – what they like about it, what they don’t, and whether it’s time to up sticks, with some choosing a more extreme option than a spring spruce-up. So, will you improve or move? Read More...

Loan rates rise for the first time this year

Updated: 18th April 2016 - First Published: 18th April 2016 Personal loans have become increasingly competitive over the last few years, but it now appears that some providers can no longer sustain such low prices, so unfortunately for borrowers, rates are once again on the rise. Read More...

What is a secured loan?

Updated: 18th March 2016 - First Published: 18th March 2016 Loans can be tricky things to understand, particularly if you’re after a significant sum of money. If you’re in need of £25,000 or more, a secured loan could be the way forward, so we thought we’d take a look at what a secured loan actually is. Read More...

“Generation lease” chooses the car of their dreams

Updated: 16th February 2016 - First Published: 16th February 2016 When you’re in the market for a new (or used) car, how do you pay for it? While some will dip into their savings, others will opt for a lease or car loan to cover the cost, and there’s a clear generational gap when it comes to the decision… Read More...

Loan rates fall to significant lows

Updated: 26th January 2016 - First Published: 26th January 2016 Thinking of getting a loan? Then you’re picking a great time to do it: personal loans have seen considerable rate cuts since the start of the year resulting in some of the lowest rates ever seen, so now could be a great time to get on board. Read More...

Consolidate with the cheapest loan rates EVER

Updated: 08th January 2016 - First Published: 06th January 2016 Whether you’re looking to make that all-important purchase, want to give your home a makeover, or need to consolidate your debts after a festive season of over-indulgence, you’re in luck – you can now benefit from the lowest personal loan rates ever! Read More...

Consumers remain in control of borrowing

Updated: 16th November 2015 - First Published: 16th November 2015 It can sometimes be difficult to stay on top of borrowing commitments, but happily, research from Lloyds Bank has revealed that a growing number of people are managing – which is even better news given that we’re in the run up to Christmas. Read More...

Buying a car? Half of people use credit to do so…

Updated: 16th October 2015 - First Published: 16th October 2015 If you’re buying a car in the not-too-distant future, you’re probably thinking about how you’ll pay for it. Has finance crossed your mind? For many people this will be a viable option, and a large number are turning to unsecured forms of credit… Read More...

Consolidate and save thanks to the loan rate war

Updated: 28th September 2015 - First Published: 28th September 2015 Do you turn to credit to help make ends meet? It’s an increasingly popular solution, but those credit agreements can quickly add up – and monthly repayments could start getting out of control as a result. So why not consolidate? Read More...

Great news for borrowers – loan rates are falling!

Updated: 17th August 2017 - First Published: 18th September 2015 Thinking of getting a personal loan in the near future? Well, you’re picking a great time to do it – rising competition in the personal loans market led to a drop in average rates across the board, and many are now at their lowest ever levels! Read More...

Are you getting married with hidden debt?

Updated: 09th May 2017 - First Published: 20th August 2015 New research suggests that some couples are heading down the aisle without any idea of their partner’s true financial situation, with one in five concealing the extent of their debts from their betrothed. Read More...

Don’t waste hundreds of pounds on small loans

Updated: 30th June 2015 - First Published: 30th June 2015 If you need to borrow a small amount of money to make that vital purchase, what would you do? Seeking a personal loan could well be the first thing that pops into your head, but unfortunately, it may not be the best solution… Read More...

Time to snap up a low-rate loan!

Updated: 06th May 2015 - First Published: 06th May 2015 It’s a great time to be a borrower at the moment. Thanks to intense competition in the sector, not to mention low inflation, low base rate and the Funding for Lending Scheme, rates have never been lower – so it’s time to snap up a deal! Read More...

Borrowing for a wedding? You could regret it

Updated: 18th April 2017 - First Published: 29th April 2015 Wedding season is rapidly approaching, and if you’re about to celebrate your nuptials, we have just one question – how are you paying for it? Read More...

Plans to lower payday loan costs finalised

Updated: 24th February 2015 - First Published: 24th February 2015 The payday loans market has been under scrutiny for almost as long as it’s been around, and it’s just been the subject of a 20-month long competition investigation to determine how borrowers can get a better deal. Read More...

Payday loans increasingly used for essentials

Updated: 05th February 2015 - First Published: 05th February 2015 We all know the perils of payday loans, yet it seems that many are still drawn to them. Even worse, it isn’t always for frivolous spending, as research has revealed that a worrying proportion of borrowers are using the money to pay for essentials. Read More...

Are you looking to consolidate your debts?

Updated: 27th January 2015 - First Published: 27th January 2015 If you’re finding it hard to keep up with your credit repayments, it could be time to consolidate with a single personal loan. It can make things a whole lot simpler and could give you a clear route out of debt, so is it time to take the plunge? Read More...

Consolidation – the route out of Christmas debt

Updated: 07th January 2015 - First Published: 07th January 2015 As the reality of January sinks in, many people could be looking for ways to cut their Christmas debt down to size. It’s all-too easy to overspend during the festive period, but all is not lost – consolidation could be the answer! Read More...

FCA imposes payday loan cap

Updated: 22nd November 2017 - First Published: 11th November 2014 Payday loans have seen their fair share of bad press over the last few years, so today (11 November) the Financial Conduct Authority (FCA) confirmed its plans for a payday price cap that will come into force in January 2015. Read More...

Rise in payday lending complaints

Updated: 07th August 2017 - First Published: 10th October 2014 Payday loan companies have been in the news a lot recently, and for all the wrong reasons. Now, they’re coming under scrutiny yet again, this time for the number of customer complaints received about them. Read More...

Understand the risks of payday loans

Updated: 28th February 2017 - First Published: 01st October 2014 It can be difficult to make ends meet, particularly with bills on the rise and incomes being squeezed. But, that doesn’t mean you should resort to payday loans, and it’s vital you understand the risks involved. Read More...

Payday lenders subject to charge caps

Updated: 07th August 2017 - First Published: 16th July 2014 Payday lenders have been coming under fire from the financial industry almost as long as they’ve been in business, and now the Financial Conduct Authority (FCA) has stepped in to apply further pressure. Read More...

Find the cheapest loan for your needs

Updated: 30th May 2014 - First Published: 29th May 2014 Whether you need to make some home improvements, dream of a once-in-a-lifetime holiday or want a new car instead of an old banger, sometimes only a loan will do. Borrow wisely and it can be highly cost-effective, but it all depends on the rate. Read More...

Think you can’t switch loans? Think again…

Updated: 12th April 2017 - First Published: 21st May 2014 When you take out a loan, you’re locked into it for the set term. Right? Well, not always. There’s actually nothing to stop you from moving to another provider – it’s called refinancing, and could prove to be a much more cost-effective alternative. Read More...

5 of the best ways to borrow

Updated: 03rd October 2017 - First Published: 15th May 2014 No matter how hard you try to budget, sometimes turning to credit is the only option. In many cases it can be a highly cost-effective choice but being sensible is key, so here are 5 top ways to borrow to help keep costs – and debt – under control. Read More...

Credit: How do you score?

Updated: 25th April 2014 - First Published: 24th April 2014 Do you have any idea what your credit score is? Have you ever been rejected for a credit card or loan? Read More...

Have you caught the spring DIY bug?

Updated: 17th April 2014 - First Published: 17th April 2014 With spring weather brightening our spirits and the long Easter break imminent it looks as if consumers are being bitten by the DIY bug. Read More...

Car buying season is here – so get finances sorted

Updated: 11th October 2017 - First Published: 14th April 2014 It seems that the sunnier weather has got everyone in the mood to flash the cash, with some 23% of those surveyed considering buying a car in the next six months. That means it’s time to get your finances sorted. Read More...

Payday lenders under debt collection pressure

Updated: 13th March 2014 - First Published: 12th March 2014 Payday lenders have long been criticised for their extortionate interest rates and apparent ease of getting people into increasing levels of debt, but now they’re coming under fire from another angle – their debt collection practices. Read More...

Make the most of record personal loan rates

Updated: 05th March 2014 - First Published: 05th March 2014 Spring is just around the corner, and that means a lot of people could be planning a few purchases. Some might be looking to a personal loan to fund their springtime ideas, and with rates pummeting they’re certainly considering it at the right time. Read More...

Flexible loans – could they work for you?

Updated: 12th February 2014 - First Published: 12th February 2014 Personal loans are notoriously rigid in terms of their repayment schedules. Once locked into the deal you’re tied to set monthly payments, with any early repayments usually subject to hefty penalties. Read More...

Personal loan rates continue to fall

Updated: 14th January 2014 - First Published: 14th January 2014 There’s a definite price war going on in the personal loan market at the moment. Providers are slashing their rates, particularly for mid-tier loan amounts, so if you’re looking to make that big purchase now’s a great time to go about it. Read More...

Payday loan uses revealed amid calls to ban advert

Updated: 30th December 2013 - First Published: 30th December 2013 Research conducted by think tank IPPR has revealed the most popular uses for payday loans, finding that everyday expenses come out on top – and not unexpected emergencies such as boiler repairs. Read More...

Secured loans industry continues to grow

Updated: 19th December 2013 - First Published: 19th December 2013 The latest figures from Loans Warehouse reveal that the second charge loan industry continues to go from strength to strength, with lending in November 43% higher when compared to the same month in 2012. Read More...

Unsecured borrowing on the rise

Updated: 27th November 2013 - First Published: 27th November 2013 According to research by PwC, unsecured consumer borrowing has risen by 4% this year alone, with figures showing that unsecured lending rose to £216bn in 2013 – up by £8.5bn – while the average amount of unsecured debt amounts to £8,159 per person. Read More...

New nationwide credit union opens its doors

Updated: 12th June 2017 - First Published: 26th November 2013 A new online credit union that promises to offer an alternative to payday loans has opened its doors to savers and borrowers across the UK. Read More...

Govt to cap payday loan charges

Updated: 25th November 2013 - First Published: 25th November 2013 Under new rules announced by the Government today payday loan lenders will face limits on the amounts they can charge borrowers. Read More...

Secured lending reaches new highs

Updated: 25th November 2013 - First Published: 25th November 2013 Second charge mortgage lending continued to go from strength to strength in October, with the latest figures from Loans Warehouse revealing a 22% increase when compared to September. Read More...

Make Christmas spending more affordable

Updated: 13th November 2013 - First Published: 13th November 2013 Christmas may be the most wonderful time of the year, but it can also be the most expensive. With presents, food, drink and other festive necessities the bill can soon add up, putting a huge strain on family finances. Read More...

Beware – payday loans affect mortgage applications

Updated: 11th July 2017 - First Published: 06th November 2013 Taking out a payday loan is becoming an increasingly common way for consumers to get a short-term cash injection to help make ends meet. But, many aren’t aware of the potential consequences – did you know it could affect your mortgage application? Read More...

Payday rollover limit challenged by lenders

Updated: 07th August 2017 - First Published: 06th November 2013 The Commons debate on payday loans, which took place yesterday, has divided the industry, with lenders challenging the plan to limit the number of loan rollovers allowed to just two. Read More...

FCA proposes tighter control of P2P lending

Updated: 25th October 2013 - First Published: 25th October 2013 Growth in the peer-to-peer lending sector has led to increased regulatory scrutiny, with the Financial Conduct Authority today publishing detailed proposals on how it hopes to better educate and safeguard consumers against the risks involved. Read More...

Crackdown on payday loans industry

Updated: 03rd October 2013 - First Published: 03rd October 2013 Government crackdown on the payday loans industry could see lenders being forced to place risk warnings on payday loan advertisements. Read More...

300,000 Barclays customers in line for refunds

Updated: 17th September 2013 - First Published: 17th September 2013 At least 300,000 of Barclays Bank’s personal loan customers are in line to be refunded for mistakes the bank made on their paperwork. Read More...

Empty Home Loans Fund launched

Updated: 07th August 2017 - First Published: 05th September 2013 A new Government scheme has been launched to help homeowners borrow the necessary funds to get empty properties back into use. Read More...

Top 5 cracking loans (£7,500 over 5 years)

Updated: 20th April 2017 - First Published: 04th September 2013 Borrowers hoping to find a competitive loan over a medium-term have the pick of some of the lowest rates in the market for a long time. Read More...

Wonga makes £1m profit every week

Updated: 03rd September 2013 - First Published: 03rd September 2013 The UK’s biggest payday lender has confirmed its profits totalled more than £1 million per week during 2012. Read More...

Payday loan crackdown hits industry profits

Updated: 27th August 2013 - First Published: 27th August 2013 The UK’s second largest payday loan lender has said years of sky-high growth have come to an end following the crackdown on the industry. Read More...

Payday loan lenders leaving industry

Updated: 15th August 2013 - First Published: 15th August 2013 More than one in three of the payday lenders ordered by the Office of Fair Trading (OFT) to prove their practices are up to standard have since exited the industry. Read More...

Consumers encouraged to submit payday complaints

Updated: 05th August 2013 - First Published: 05th August 2013 The row over payday lending intensified this week, as the Citizens Advice called for customers to stand up to lenders who are found to act unfairly. Read More...

Top 5 cracking loans (£10,000 over 5 years)

Updated: 12th April 2017 - First Published: 01st August 2013 Borrowers hoping to find a competitive personal loan over a medium-term have the pick of some of the lowest rates in the market for a long time. Read More...

Payday lenders referred to Competition Commission

Updated: 27th June 2013 - First Published: 27th June 2013 Payday loan companies are to be investigated by the Competition Commission following concerns that they are competing on a speed and availability basis, rather than pricing. Read More...

Top 5 cracking loans (£5,000 over 3 years)

Updated: 26th June 2013 - First Published: 26th June 2013 Research from Moneyfacts.co.uk has revealed a fall in personal loan rates over the past two years. The average rate on a £5,000 loan over a three year period stands at 11.5% today compared with 12.1% in June 2012. Read More...

Payday lenders called to summit

Updated: 25th June 2013 - First Published: 25th June 2013 Representatives from payday loan companies, financial regulators and MPs are expected to be called to a conference to tackle irresponsible lending in the sector, following an investigation by the Office of Fair Trading (OFT). Read More...

Lloyds admits PPI failings

Updated: 12th June 2013 - First Published: 12th June 2013 The practices of one of the UK’s biggest banks have fallen under the spotlight yet again, following an investigation by the Times newspaper. Read More...

Hitachi Personal Finance launches loan deals

Updated: 03rd May 2017 - First Published: 05th June 2013 A new lender has entered the personal loans market, armed with a range of competitive rates available with effect from this week. Read More...

OFT urged to toughen up on payday lenders

Updated: 31st May 2013 - First Published: 31st May 2013 The Office of Fair Trading (OFT) has been accused of being “too passive” in its approach to regulating consumer credit, particularly with regard to payday loan providers. Read More...

Millions refused credit due to poor ratings

Updated: 28th May 2013 - First Published: 28th May 2013 Almost seven million people were refused financial credit over the past twelve months as a result of having unsatisfactory credit histories. Read More...

Payday lender failings uncovered by CAB

Updated: 28th May 2013 - First Published: 28th May 2013 Failings by payday lenders have once again fallen under the microscope, following an eye-opening study by the Citizens Advice Bureau (CAB). Read More...

Payday loan complaints increase

Updated: 01st May 2013 - First Published: 01st May 2013 Figures released by the Financial Ombudsman Service (FOS) have revealed a 75% rise in complaints about payday lenders since last year. Read More...

£38 million granted for credit union project

Updated: 18th April 2013 - First Published: 18th April 2013 The Minister for Welfare Reform, Lord Freud, has announced the Association of British Credit Unions Limited (ABCUL) will deliver a project to help credit unions to provide financial services to over a million people in the UK. Read More...

FCA: “Payday loan cap could harm consumers”

Updated: 12th April 2013 - First Published: 12th April 2013 The Financial Conduct Authority (FCA) has claimed that proposals to impose limits on payday loan rates could prove harmful to consumers seeking emergency cash. Read More...

Tesco Bank reduces loan rate

Updated: 26th February 2013 - First Published: 26th February 2013 Tesco Bank has announced a 3.1% reduction to its unsecured personal loan rate for borrowing amounts between £3,000 and £4,999. Read More...

Derbyshire BS reduces loan rate

Updated: 19th February 2013 - First Published: 19th February 2013 Derbyshire Building Society has reduced the rate on its Online Personal Loan by up to 0.8%, until 11pm on 25 February 2012. Read More...

Derbyshire BS cuts loan rates

Updated: 31st January 2013 - First Published: 30th January 2013 Derbyshire Building Society has reduced the rate on unsecured personal loans between £7,500 and £15,000 to a market-leading 5.1% APR. Read More...

Sainsbury’s Bank reduces loan rates

Updated: 18th January 2013 - First Published: 18th January 2013 Sainsbury’s Bank has reduced rates on its Standard Nectar Cardholder loans by up to 0.3% for medium to large borrowing. Read More...

M&S Bank reduces loan rates

Updated: 18th January 2013 - First Published: 10th January 2013 Continuing the trend seen in the personal loans market over the last few months, M&S Bank has reduced the rates on loans between £5,000 and £7,499 and £7,500 to £15,000 considerably. Read More...

Tesco Bank launches market-leading loans

Updated: 18th January 2013 - First Published: 28th December 2012 Tesco Bank has slashed personal loan rates for customers borrowing between £7,500 and £15,000 and £15,001 and £25,000 by 0.5% and 0.2%, respectively. Read More...

Derbyshire BS loan charges to top spot

Updated: 13th November 2012 - First Published: 13th November 2012 Yet another rate reduction of 0.1% to its Online Personal Loan has seen Derbyshire Building Society assert its position in the mid-term loans market. Read More...

Derbyshire BS storms into loans market

Updated: 06th July 2017 - First Published: 09th November 2012 A series of rate reductions within the ‘mid-term’ loan market has also seen Derbyshire Building Society reduce the rate on its Online Personal Loan by 0.1%. Read More...

M&S Bank personal loan reigns supreme

Updated: 09th November 2012 - First Published: 09th November 2012 M&S Bank has reduced the rate on its Personal Loan by 0.3%, securing its place at the top of the ‘mid-tier’ lending market. Read More...

OFT gets tough with payday lenders

Updated: 09th October 2012 - First Published: 09th October 2012 The Office of Fair Trading (OFT) investigated sixty-eight payday loan companies between January and May this year, as part of its pledge to crackdown on ‘rogue’ lenders. Read More...

Sainsbury’s Bank loans reign supreme

Updated: 09th October 2012 - First Published: 09th October 2012 Rate reductions have resulted in Sainsbury’s Bank retaining its position at the top of the best buy tables for medium and large lending. Read More...

Charges cranking up payday loan costs

Updated: 03rd October 2012 - First Published: 03rd October 2012 Massive fees and charges are ramping up the overall cost of payday loans, trebling debts in a matter of weeks. Read More...

Government ready to act on payday loans

Updated: 28th September 2012 - First Published: 28th September 2012 The Consumer Credit Counselling Service chair Lord Wilf Stevenson has pledged to regulate the payday loan sector if it continues to ignore calls for self-regulation. Read More...

Payday loan lender advertisement banned

Updated: 26th September 2012 - First Published: 26th September 2012 A TV advert for the payday loan lender Instant Cash Loans has been banned by the Advertising Standards Authority (ASA). Read More...

M&S Bank reduces loan rate

Updated: 11th July 2017 - First Published: 26th September 2012 Following its rebranding, M&S Bank has reduced loan rates for medium sized personal loans by 0.2%. Read More...

Funding for Lending participants revealed

Updated: 25th September 2012 - First Published: 25th September 2012 The Bank of England has released details of the thirteen financial institutions that will take part in the Government’s Funding for Lending Scheme (FLS). Read More...

Profits rise for Wonga

Updated: 26th April 2017 - First Published: 17th September 2012 A surge in demand for quick and easy credit has resulted in an upturn in profits for the payday lender Wonga. Read More...

Sainsbury’s Bank reduces loan rate

Updated: 10th September 2012 - First Published: 07th September 2012 A slight reduction of 0.1% to the Sainsbury’s Bank Standard Nectar Cardholder loan has boosted its position in the loan market even further. Read More...

Derbyshire BS loan accelerates into pole position

Updated: 31st August 2012 - First Published: 31st August 2012 Rate reductions to Derbyshire Building Society’s Online Personal Loan has seen the deal move to the top of the best buy tables with new rates of 7.2% and 7.6%, depending on the loan amount. Read More...

Sainsbury’s Bank unveils top loan rate

Updated: 22nd August 2012 - First Published: 22nd August 2012 A rate reduction of 0.20% has seen the Sainsbury’s Bank Unsecured Personal Loan jet to the top of the market. Read More...

Payday loan company shut down

Updated: 17th January 2013 - First Published: 09th August 2012 The online payday loan company, MCO Capital, has been forced to close down after the Office of Fair Trading (OFT) found it had failed to perform adequate money laundering checks and as a result had fallen victim to fraud. Read More...

Fresh concerns over payday loans

Updated: 31st August 2012 - First Published: 24th July 2012 Concerns regarding unemployed people’s ability to repay payday loans have been raised by the Consumer Credit Counselling Service (CCCS). Read More...

Improved loan rate from Yorkshire and Clydesdale

Updated: 05th March 2015 - First Published: 11th July 2012 Following a reduction of 0.1%, the Unsecured Personal Loan from both Yorkshire Bank and Clydesdale Bank offers a new highly competitive rate of 5.9%. Read More...

Payday loans jeopardise mortgage approvals

Updated: 14th December 2012 - First Published: 10th July 2012 Taking out a payday loan could reduce your chances of being approved for a mortgage. Read More...

Payday lenders agree to new rules

Updated: 24th May 2012 - First Published: 24th May 2012 Payday lenders have agreed a number of new measures to help stop borrowers racking up debts. Read More...

Wonga criticised by the OFT

Updated: 23rd May 2012 - First Published: 22nd May 2012 Payday lending firm Wonga has been criticised by the Office of Fair Trading (OFT) for using ‘aggressive’ and ‘misleading’ practices. Read More...

Low income families ramped up borrowing pre-crisis

Updated: 15th May 2012 - First Published: 15th May 2012 The scale of household borrowing in the run up to the financial crisis has been laid bare by a new report. Read More...

Consumers considering borrowing again

Updated: 09th May 2012 - First Published: 09th May 2012 Consumers are making a tentative return to credit cards, loans, store instalment cards and car finance. Read More...

OFT strips Yes Loans of credit licence

Updated: 08th March 2012 - First Published: 08th March 2012 One of the UK’s largest brokers of loans, Yes Loans, is facing going out of business after it was stripped of its credit licence. Read More...

Product focus: Loans

Updated: 02nd March 2012 - First Published: 02nd March 2012 Loan rates have dropped considerably over the last four years and consumers may be considering a loan to consolidate their debts, especially in the run up to the Easter holidays. Read More...

OFT to probe payday lending

Updated: 07th August 2017 - First Published: 24th February 2012 The payday lending sector is to face an ‘extensive review’ after concerns that some lenders may be taking advantage of people in financial difficulty. Read More...

Debt consolidation on the rise

Updated: 14th December 2012 - First Published: 14th February 2012 Britons are said to be increasingly taking control of their finances after research showed a rise in the number of loans taken out to consolidate debts. Read More...

Loans battle benefiting consumers

Updated: 14th December 2012 - First Published: 08th February 2012 One of the most noticeable personal finance trends of the last 12 months has been the falling cost of personal loans. Read More...

Many looking to payday loans to cover mortgage

Updated: 07th December 2016 - First Published: 05th January 2012 Almost one million people have turned to payday loans to help cover their mortgage or rental costs over the last year. Read More...

Providers move to cut loan rates

Updated: 08th February 2017 - First Published: 05th January 2012 Some loan rates are at their most affordable level in four years, research by Moneyfacts.co.uk has uncovered. Read More...

Payday lenders under pressure as complaints rise

Updated: 14th December 2012 - First Published: 14th December 2011 A crackdown on payday lenders has been promised by the Office of Fair Trading (OFT) after complaints about the firms soared. Read More...

Product focus: Unsecured personal loans

Updated: 14th December 2012 - First Published: 14th December 2011 Many customers are finding themselves stretched financially over this Christmas period due to the rising cost of living. Read More...

FSCS warns over lack of peer-to-peer protection

Updated: 14th December 2012 - First Published: 08th December 2011 Converts to peer-to-peer lending have been warned that their money is not protected in the same way that high street funds are. Read More...

Millions to look towards payday loans

Updated: 14th December 2012 - First Published: 07th December 2011 Millions of people will look to payday loans over the next six months as the struggle to make it to payday intensifies. Read More...

Nationwide BS cuts loan rates

Updated: 14th December 2012 - First Published: 18th October 2011 Nationwide BS has reduced the typical cost of a loan between £7.5K and £14,999 for new and existing customers. Read More...

Tesco Bank amends loan rates

Updated: 14th December 2012 - First Published: 28th September 2011 Tesco Bank has overhauled its personal loan rates making it one of the best options across all borrowing tiers. Read More...

Sainsbury’s Finance cuts loan rates

Updated: 14th December 2012 - First Published: 30th August 2011 Sainsbury’s Finance has made further rate reductions to its Standard Nectar Cardholder loan between the £7,500 and £14,999 tiers. Read More...

Warning over potential loan scams

Updated: 24th July 2017 - First Published: 23rd August 2011 People have been warned to steer clear of scam loan companies which take upfront fees but fail to provide credit or offer unsuitable alternatives. Read More...

Lenders keep it in the family

Updated: 14th December 2012 - First Published: 17th August 2011 Family have looked to each other to borrow money during the past few troubled years, shunning more traditional borrowing. Read More...

High cost credit under the microscope

Updated: 14th December 2012 - First Published: 20th July 2011 The Government is to look into how a cap on the total cost of credit in the high cost credit market could affect consumers. Read More...

Loan rate to savour from M&S Money

Updated: 08th July 2011 - First Published: 08th July 2011 Marks & Spencer Money has reduced the rate of its loans between £7.5K and £15K Read More...

Sainsbury’s Finance improves loan rate

Updated: 14th December 2012 - First Published: 24th June 2011 Sainsbury’s Finance has strengthened its position in the personal loan market. Read More...

Look for a loan with Nationwide

Updated: 14th December 2012 - First Published: 24th June 2011 Nationwide has made a further cut to its loan rate, making it the stand out choice for those borrowing between £7,500 and £14,999. Read More...

Nationwide BS reduces loan rates

Updated: 14th December 2012 - First Published: 08th June 2011 Nationwide BS has reduced the pricing on its personal loans between £7,500 and £15,000. Read More...

OFT fires warning to debt firms

Updated: 01st June 2011 - First Published: 01st June 2011 Debt firms that take upfront fees from people but fail to offer them a loan have been warned they face closure. Read More...

Loan warning as rates hit ten year high

Updated: 14th December 2012 - First Published: 23rd May 2011 Borrowers have been urged to shop around before they borrow money after rates on personal loans reached their highest level for more than a decade. Read More...

Nationwide cuts loan rates

Updated: 14th December 2012 - First Published: 05th May 2011 Nationwide has cut rates charged on unsecured personal loans between £7.5K and £14,999. Read More...

Sainsbury’s Finance reprices loans

Updated: 03rd May 2017 - First Published: 20th April 2011 Sainsbury’s Finance has repriced a number of rates on its Reward Nectar Cardholder loans. Read More...

Post Office stars as the loan changer

Updated: 31st December 2012 - First Published: 14th April 2011 The Post Office has made a number of changes to its personal loan rates Read More...

A loan to take home from Sainsbury’s Finance

Updated: 14th December 2012 - First Published: 07th April 2011 Sainsbury’s Finance has unveiled a new lower rate unsecured loan for customers who wish to borrow between £7.5K and £14,999. Read More...

M&S Money improves loan offering

Updated: 14th December 2012 - First Published: 02nd March 2011 Marks & Spencer Money has improved its rate. for personal loans across the popular £7,500 to £15,000 tier. Read More...

Product focus: Personal loans

Updated: 14th December 2012 - First Published: 16th February 2011 When looking for an unsecured personal loan you can compare rates from banks, building societies and even supermarkets. Read More...

Sainsbury’s Finance lights up loan market

Updated: 14th December 2012 - First Published: 08th February 2011 Sainsbury’s Finance has once again improved its personal loan offering for Nectar Card holders. Read More...

Sainsbury’s Finance improves loan offering

Updated: 14th December 2012 - First Published: 19th January 2011 Sainsbury’s Finance has once again cut personal loan rates by up to 0.2% for Nectar card holders. Read More...

Five star loan from Tesco Bank

Updated: 14th December 2012 - First Published: 10th January 2011 Tesco Bank has stolen a march on its unsecured loan rivals with its latest loans changes. Read More...

Product focus: Personal loans

Updated: 31st December 2010 - First Published: 23rd December 2010 Many high street banks offer personal pricing on loans, but often the loan rate is not advertised and customers are forced to complete an loan application before they are offered a typical APR rate. Read More...

OFT gets tough on doorstep lenders

Updated: 30th December 2010 - First Published: 21st December 2010 The Office of Fair Trading (OFT) has launched a crackdown against doorstep lenders as part of its effort to improve standards in the industry. Read More...

Loan laziness hitting borrowers’ pockets

Updated: 22nd November 2010 - First Published: 22nd November 2010 People looking to take out a personal loan have been told they could save hundreds of pounds if they shop around for the best deal. Read More...

More than £7bn borrowed from ‘Bank of Friends’

Updated: 28th October 2010 - First Published: 28th October 2010 The harsh economic climate has forced people to turn to their friends to borrow money, with over £7 billion given out in the last year. Read More...

Nationwide BS lends borrowers a hand

Updated: 30th September 2010 - First Published: 30th September 2010 Nationwide BS has gone the extra mile by offering existing customers the lowest rate currently available on loans between £7,500 and £14,999. Read More...

Sainsbury’s Finance lowers loan rate

Updated: 08th October 2010 - First Published: 28th September 2010 Sainsbury’s Finance has lowered the rate it charges on certain loans. Read More...

New scheme tackles loan shark lending

Updated: 23rd September 2010 - First Published: 23rd September 2010 A new Government-backed scheme promises to offer a helping hand to those who face a constant battle when trying to access finance. Read More...

Sainsbury’s Finance cuts loan costs

Updated: 13th September 2010 - First Published: 10th September 2010 Sainsbury’s Finance has cut the cost of loans taken over short periods of time. Read More...

Nationwide cuts loan rate

Updated: 13th September 2010 - First Published: 10th September 2010 Nationwide BS has cut the rate of interest it charges to existing customers borrowing between £7.5K and £14,999. Read More...

Sainsbury’s Finance cuts loan rate

Updated: 07th January 2011 - First Published: 08th September 2010 Sainsbury’s Finance has cut the rates it charges for certain loans. Read More...

A 6.0% APR loan to savour from Tesco Bank

Updated: 15th May 2017 - First Published: 02nd September 2010 Tesco Bank has improved its already stand out loan offering by reducing selected personal loan rates from £7,500 to £14,999 to 6.0% APR Typical rate. Read More...

Free loans vs. traditional loans

Updated: 14th December 2012 - First Published: 01st September 2010 Time was when you needed a bit of extra money, the only real option was to borrow some from a provider and hope that the interest charged wasn’t too hefty. Read More...

Sainsbury’s super loan deal

Updated: 27th August 2010 - First Published: 27th August 2010 Sainsbury’s Finance has made a good deal even better by reducing once again selected rates on its unsecured personal loans for Nectarcard holders to 7.8% APR Read More...

Post Office delivers the goods on loans

Updated: 27th August 2010 - First Published: 28th July 2010 The Post Office has really delivered with the latest changes to its unsecured personal loans. Read More...

Apply for your loans now, students told

Updated: 18th June 2010 - First Published: 18th June 2010 Some students have yet to finish their summer exams, but they have been urged to apply for their 2010/11 student loans as soon as possible Read More...

Loan sharks feel the heat

Updated: 27th August 2010 - First Published: 24th May 2010 Loan sharks will be feeling the heat today, after the Office of Fair Trading (OFT) stepped up a campaign to warn people of the dangers of borrowing from illegal money lenders. Read More...

Inflation sees student loan rates hiked

Updated: 30th May 2017 - First Published: 22nd April 2010 Many former students face far higher repayment rates on their loans as a result of the sharp spike in inflation. Read More...

Borrowers choosing to pay off debts

Updated: 09th March 2011 - First Published: 19th April 2010 Borrowers appear to be increasingly choosing to pay off their debts, after it was revealed fewer personal loans were being taken out to consolidate debt. Read More...

Loan repayment tops priorities

Updated: 27th August 2010 - First Published: 14th January 2010 Paying off debts is currently a higher priority for consumers than saving, according to the latest research from the Association of British Insurers (ABI)... Read More...

Scrappage scheme sees loan values rise

Updated: 27th August 2010 - First Published: 29th October 2009 A rise in the value of personal loans being taken out in recent months has been attributed to the success of the Government’s car scrappage scheme. Read More...

Consumers take cautious spending approach

Updated: 04th August 2009 - First Published: 20th July 2009 Industry figures show that UK consumers are continuing to adopt a cautious approach to spending, with just the store card sector bucking the trend. Read More...

Lenders move away from unsecured borrowing

Updated: 11th May 2017 - First Published: 15th July 2009 There has been a 37 per cent drop in the number of lenders offering unsecured personal loans over the last two years, latest figures from Moneyfacts.co.uk have revealed. Read More...

OFT to review high cost consumer credit sector

Updated: 02nd July 2009 - First Published: 02nd July 2009 The Office of Fair Trading (OFT) is to launch a review into the supply of high cost consumer credit sector, which the body estimates could be worth as much as £35 billion annually. Read More...

Student grants and loans frozen, tuition fees up

Updated: 02nd July 2009 - First Published: 02nd July 2009 Student grants and loans are to be frozen, while tuition fees will rise, under new Government plans. Read More...

Protection against loan sharks needed

Updated: 27th August 2010 - First Published: 26th May 2009 Local authorities have been urged to boost the resources of credit unions and to use council banks to offer affordable credit to vulnerable citizens that cannot secure high-street lending. Read More...

Unsecured loan rates soar

Updated: 07th May 2009 - First Published: 07th May 2009 Borrowers looking for an unsecured personal loan have seen rates almost double in the last two years. Read More...

Unsecured loans shunned

Updated: 27th August 2010 - First Published: 30th April 2009 The popularity of unsecured loans has fallen drastically since the beginning of 2008, as consumers have shied away from long term credit repayments. Read More...

Credit availability to improve

Updated: 03rd April 2009 - First Published: 03rd April 2009 Lenders have predicted the amount of credit available to households and businesses will increase over the next three months. Read More...

Secured loans falling, figures indicate

Updated: 27th August 2010 - First Published: 27th March 2009 The value of secured loans granted in the UK is dropping, it has been revealed. Read More...

Scrapping scheme would help loan holders buy cars

Updated: 23rd March 2009 - First Published: 20th March 2009 Consumers are being put off taking out unsecured loans to buy a car due to uncertainty over potential incentive schemes, it has been argued Read More...

Government 'should help prevent repossessions'

Updated: 20th March 2009 - First Published: 20th March 2009 Legislation should be introduced to protect those with unsecured loans from losing their homes as a result of their debt, it has been argued. Read More...

Consumers must control borrowing, says expert

Updated: 20th March 2009 - First Published: 20th March 2009 Borrowers have a part to play in ensuring unsecured loans and credit card bills do not become unaffordable, an expert has noted. Read More...

Debt help plan unveiled by government

Updated: 19th March 2009 - First Published: 18th March 2009 Help for consumers struggling with debt problems has been announced by the government. Read More...

Secured loans 'need FSA regulation'

Updated: 20th July 2017 - First Published: 17th March 2009 Secured loans, FSA, secured loans comparison, loans guides Read More...

PPI complaint tool for unsecured loan customers

Updated: 21st April 2017 - First Published: 16th March 2009 Consumers who feel they have been mis-sold payment protection insurance (PPI) have been offered a new means to redress the problem. Read More...

Government boosts funding for debt advice

Updated: 16th March 2009 - First Published: 13th March 2009 Funding is to be provided to help debt advice organisations provide help during the recession, it has been revealed. Read More...

Expert warns of fraudulent advice sites

Updated: 12th March 2009 - First Published: 11th March 2009 Consumers facing debt management problems have been warned not to pay for advice they could get for free. Read More...

Banks 'should help consumers' during downturn

Updated: 11th March 2009 - First Published: 11th March 2009 Financial institutions have been urged to provide some relief to those with secured loans during the economic downturn. Read More...

Sainsbury’s reduce selected loan rates

Updated: 27th August 2010 - First Published: 10th March 2009 Sainsbury’s Finance has announced that selected rates on unsecured personal loans will be reduced by 0.4% for online applications. Read More...

Latest base rate cut is "virtually meaningless"

Updated: 09th March 2009 - First Published: 09th March 2009 The most recent base rate cut is unlikely to have a significant effect on the UK economy, an expert has argued. Read More...

Unsecured loans fund car purchases for one in four

Updated: 04th March 2009 - First Published: 04th March 2009 Nearly a quarter of people who are planning to buy a car over the next six months intend to fund part of their purchase through unsecured loans, it has been revealed. Read More...

Consumers 'must accept responsibility' for debt

Updated: 07th August 2017 - First Published: 04th March 2009 Consumers who find themselves with high levels of debt need to take responsibility for their situation, it has been suggested. Read More...

Borrowing has become cheaper, economist confirms

Updated: 03rd March 2009 - First Published: 03rd March 2009 The cost of borrowing money has become cheaper following the Bank of England's interest rate decisions, it has been claimed. Read More...

Job losses & irresponsible lending – debt problems

Updated: 02nd March 2009 - First Published: 02nd March 2009 Irresponsible lending has contributed to a situation that sees many Britons struggling with excessive debt, it has been suggested. Read More...

Unsecured loans lending rises

Updated: 27th August 2010 - First Published: 02nd March 2009 The number of unsecured loans agreed between lenders and individuals rose in January 2009, according to new figures Read More...

Paying off debt 'key' to financial independence

Updated: 17th November 2017 - First Published: 26th February 2009 Paying off debts such as unsecured loans is one of the key ways that young adults believe they can become financially secure, it has been found Read More...

Bills and secured loans 'contributing to mounting

Updated: 27th August 2010 - First Published: 26th February 2009 Consumers in Britain have little chance of paying off the money they owe within their lifetimes, it has been suggested. Read More...

Britons 'accept blame' for irresponsible lending

Updated: 27th February 2009 - First Published: 26th February 2009 The majority of Britons believe they have at least some part to play in ensuring they are not lent too much money, a poll has discovered. Read More...

OFT ruling 'sends a message' to debt collectors

Updated: 26th February 2009 - First Published: 26th February 2009 The decision to require a debt collection agency to improve its practice has been welcomed by Citizens Advice. Read More...

Potential end of single premium PPI welcomed

Updated: 06th November 2017 - First Published: 25th February 2009 Calls for an end to single premium payment protection insurance (PPI) have been welcomed by insurance brokers. Read More...

British banks 'providing more loans'

Updated: 24th February 2009 - First Published: 24th February 2009 Banks in the UK are helping to make up for overseas institutions that are failing to provide secured and unsecured loans, it has been suggested. Read More...

FSA calls for end of single premium PPI

Updated: 27th June 2017 - First Published: 24th February 2009 Companies that are still selling single premium payment protection insurance (PPI) alongside unsecured loans have been urged to stop doing so. Read More...

Younger people 'neglecting income protection'

Updated: 24th February 2009 - First Published: 24th February 2009 Many consumers aged 25 and under are failing to protect their debts against the possibility that they become unable to work, it has been revealed. Read More...

Business owners 'turning to family' for loans

Updated: 20th February 2009 - First Published: 20th February 2009 Small business owners have been found to be increasingly relying on family and friends for unsecured loans. Read More...

Unsecured loan problems prompt rise of pawnbroking

Updated: 20th February 2009 - First Published: 20th February 2009 Unsecured loans, guaranteed loan, Which?, unsecured loans comparison, loans guides, loans blogs, loans discussions Read More...

Cars now 'better value' for unsecured loans

Updated: 20th February 2009 - First Published: 20th February 2009 Consumers who take out unsecured loans for the purpose of buying cars are increasingly finding that they can get more for their money, it has been suggested. Read More...

Lib Dems call for action as inflation slows

Updated: 24th May 2017 - First Published: 18th February 2009 The Bank of England must take action to ensure that the supply of credit is improved, it has been stated. Read More...

Brits worry about paying off secured loans

Updated: 18th February 2009 - First Published: 18th February 2009 Consumers are set to tighten their belts further as disposable income levels fall, research has revealed. Read More...

Credit needed to limit impact of recession

Updated: 17th February 2009 - First Published: 17th February 2009 The recession that has taken hold in the UK will continue throughout the rest of this year, it has been stated. Read More...

Citizens Advice open longer for secured loans

Updated: 17th February 2009 - First Published: 17th February 2009 An increase in secured loan arrears and other debt problems has led Citizens Advice to extend its opening hours. Read More...

Consumers aware of interest rate debate

Updated: 16th February 2009 - First Published: 16th February 2009 Britons are confident that interest rates will rise because they are staying informed, it has been suggested. Read More...

Adults 'unable' to help parents in retirement

Updated: 16th February 2009 - First Published: 16th February 2009 Problems in the current economic climate are leaving adults who want to help their parents in retirement unable to do so, it has been found. Read More...

Bank 'considering other options' to boost lending

Updated: 16th February 2009 - First Published: 16th February 2009 The Bank of England is having to take further steps to ensure that institutions provide more secured and unsecured loans, it has been noted. Read More...

Car scrapping would help unsecured loans

Updated: 13th February 2009 - First Published: 13th February 2009 An initiative to give consumers a greater chance of buying a new car has been proposed by the AA. Read More...

Banks attitude change for unsecured loan holders

Updated: 13th February 2009 - First Published: 12th February 2009 Banks are increasingly focused on helping consumers get out of debt, it has been observed. Read More...

Low base rate great for unsecured loans borrowers

Updated: 13th February 2009 - First Published: 12th February 2009 Consumers with secured and unsecured loans are set to benefit if interest rates remain low for a prolonged period of time, an expert has observed. Read More...

Rise in interest rates expected, study finds

Updated: 11th February 2009 - First Published: 11th February 2009 Consumers are increasingly expecting a rise in interest rates, according to a survey. Read More...

Unsecured loans for home improvement 'on the rise'

Updated: 12th February 2009 - First Published: 11th February 2009 The value of unsecured loans taken out for home improvements rose significantly last year, it has been revealed. Read More...

Money worries increasing arguments, study shows

Updated: 11th February 2009 - First Published: 11th February 2009 Nearly a third of couples in the UK have been arguing more over money matters since the onset of the recession, it has been found. Read More...

Consumers in debt should not delay seeking advice

Updated: 10th February 2009 - First Published: 10th February 2009 Consumers facing debt problems as a result of outstanding secured and unsecured loans have been advised not to wait before seeking help. Read More...

Half of Brits 'prioritising finances'

Updated: 10th February 2009 - First Published: 10th February 2009 Halifax, credit cards, unsecured loans, personal debt, unsecured loans comparison, loans guides, loans blogs, loans discussions Read More...

Base rate cut 'was the right decision'

Updated: 09th February 2009 - First Published: 09th February 2009 The Bank of England's decision to lower the official base rate has been welcomed by the British Chambers of Commerce. Read More...

Cash-strapped Brits 'moving back home'

Updated: 10th February 2009 - First Published: 09th February 2009 Young Britons facing financial pressure are increasingly choosing to move back in with their parents, a survey has revealed. Read More...

Credit flow unlikely to return to previous levels

Updated: 09th February 2009 - First Published: 06th February 2009 Lending levels are unlikely to return to their previous heights when the UK recovers from the recession, it has been suggested. Read More...

Increase in lending 'key to economic recovery'

Updated: 04th February 2009 - First Published: 03rd February 2009 The government's economic priority should be to encourage banks to provide more secured and unsecured loans, it has been stated. Read More...

Income protection better for unsecured loans

Updated: 02nd February 2009 - First Published: 02nd February 2009 Unsecured loans holders have been advised to consider income protection to provide security. Read More...

Consolidating unsecured loans helps cutting back

Updated: 29th January 2009 - First Published: 29th January 2009 More than half of people in the UK have been cutting back on their spending, it has been found. Read More...

Insurance for unsecured loans 'not comprehensive'

Updated: 19th May 2017 - First Published: 29th January 2009 Not all borrowers who have taken out single premium payment protection insurance (PPI) will be able to make claims, it has been noted. Read More...

Claims on unsecured loan insurance soar, ABI finds

Updated: 29th January 2009 - First Published: 28th January 2009 Growing numbers of people making claims on personal protection insurance (PPI) policies demonstrate their importance, it has been stated. Read More...

Government 'must increase flow of lending'

Updated: 28th January 2009 - First Published: 28th January 2009 Further pressure has been placed on the government to increase the availability of secured loans. Read More...

Less unsecured loans equals more payday loans

Updated: 28th January 2009 - First Published: 28th January 2009 Consumers struggling to obtain unsecured loans are increasingly turning to expensive forms of finance, it has been noted. Read More...

Banks 'open to consolidation' for unsecured debt

Updated: 29th January 2009 - First Published: 28th January 2009 Those facing mounting problems as a result of debt through unsecured loans and credit cards are likely to find that banks are more willing to consider accepting consolidation, it has been noted. Read More...

Single premium PPI 'should be banned'

Updated: 23rd August 2017 - First Published: 27th January 2009 Consumer campaign group Which? has called for a complete ban on the sale of single premium payment protection insurance (PPI). Read More...

Value of new unsecured loans 'down 38 per cent'

Updated: 27th January 2009 - First Published: 26th January 2009 Unsecured lending dropped by nearly 38 per cent in December compared to a year earlier, it has been found. Read More...

Slowing inflation welcomed by economist

Updated: 23rd January 2009 - First Published: 23rd January 2009 News that the rate of inflation in the UK is slowing has been welcomed. Read More...

Interest on unsecured loans rising, figures show

Updated: 04th December 2009 - First Published: 23rd January 2009 Unsecured loans, interest rates, Bank of England, base rate, unsecured lending, payment protection insurance, PPI, Barclays, Alliance & Leicester, Lloyds TSB, The Co-Operative Bank, NatWest, Royal Bank of Scotland, unsecured loans comparison table, loans Read More...

Loan rates jump 3.4% in just 18 months

Updated: 17th October 2017 - First Published: 22nd January 2009 The cost of an unsecured personal loan continues to increase with loan rates up in some cases by 3.4% in just 18 months. Read More...

Government action may 'boost lending'

Updated: 22nd January 2009 - First Published: 22nd January 2009 The government's latest package to aid banks may help increase the level of lending, the centre for economics and business research (cebr) has said. Read More...

Unsecured loans a good idea for debt consolidation

Updated: 09th October 2017 - First Published: 22nd January 2009 Consumers have been advised to consider taking out unsecured loans in order to consolidate their debt. Read More...

Consolidating unsecured loans could help save cash

Updated: 23rd January 2009 - First Published: 22nd January 2009 Consolidating unsecured loans into one payment could help consumers to manage their finances, it has been suggested. Read More...

Change in insurance policies for unsecured loans

Updated: 04th December 2009 - First Published: 21st January 2009 Several high street lenders have announced that they will no longer be offering single premium payment protection insurance (PPI) alongside unsecured loans. Read More...

Inflation continues to slow, ONS finds

Updated: 22nd January 2009 - First Published: 21st January 2009 Rate of inflation, consumer prices index, interest rates, secured loans, Bank of England, base rate, secured loans comparison table, loans guides, loans blogs, loans discussions Read More...

Lack of lending is "key issue"

Updated: 21st January 2009 - First Published: 20th January 2009 A lack of lending from banks is a major problem in the current economic crisis, it has been stated. Read More...

Government plans to increase secured loans

Updated: 05th October 2017 - First Published: 19th January 2009 The government has announced new support for financial institutions, designed to get them to increase lending. Read More...

Credit crunch prompting increase in family time

Updated: 20th January 2009 - First Published: 19th January 2009 Consumers are increasingly choosing to spend time at home as they try to weather the economic downturn by cutting costs, it has been found. Read More...

Secured loan customers 'should contact lender'

Updated: 19th January 2009 - First Published: 16th January 2009 Secured loans holders should speak to their lender in order to avoid repossession, it has been suggested. Read More...

Britons 'generous despite downturn'

Updated: 19th January 2009 - First Published: 16th January 2009 Consumers will continue to support charity work even when they are facing increasing financial difficulty, it has been observed. Read More...

Financial crisis 'creating new words'

Updated: 15th January 2009 - First Published: 15th January 2009 The economic downturn has led to the emergence of new words, it has been suggested. Read More...

Sainsbury's cuts unsecured loans rate

Updated: 15th January 2009 - First Published: 15th January 2009 Sainsbury's has announced that it is cutting interest rates on its unsecured loans. Read More...

Keep track of finances to avoid debt, expert urges

Updated: 13th January 2009 - First Published: 13th January 2009 Consumers have been advised to keep track of their finances in order to avoid mounting difficulty. Read More...

Increasing numbers defaulting on unsecured loans

Updated: 07th July 2017 - First Published: 13th January 2009 A growing number of people failing to repay secured and unsecured loans are likely to force banks to make cutbacks, it has been predicted. Read More...

Charities report increase in donations

Updated: 13th January 2009 - First Published: 12th January 2009 A survey of charities has revealed that Britons increased the amount of money they gave away this Christmas. Read More...

Extortionate rates charged on some unsecured loans

Updated: 09th November 2017 - First Published: 09th January 2009 Some borrowers are paying as much as 10,000 per cent interest on unsecured loans, it has emerged. Read More...

Bank implements further rate cut

Updated: 09th January 2009 - First Published: 08th January 2009 The official base rate of interest has been lowered by 0.5 per cent, the Bank of England has announced. Read More...

Experts predict interest rate cut

Updated: 08th January 2009 - First Published: 07th January 2009 The Bank of England has been predicted to make a further reduction to the base rate of interest when the decision of its monthly meeting is announced tomorrow. Read More...

Interest rates 'may plummet in 2009'

Updated: 22nd November 2017 - First Published: 07th January 2009 The base rate has been predicted to fall significantly this year, which could lead to cheaper interest on secured loans. Read More...

Government homeowner help welcomed

Updated: 07th January 2009 - First Published: 06th January 2009 Moves to help secured loans customers who may be facing repossession have been welcomed by the Association of Mortgage Intermediaries (AMI). Read More...

January - great time to sort unsecured loan debt

Updated: 07th January 2009 - First Published: 06th January 2009 Those who have built up debt should resolve to sort out their finances this month, it has been suggested. Read More...

More lending needed to avoid severe recession

Updated: 06th January 2009 - First Published: 05th January 2009 Banks may need to be forced to provide secured loans in order to minimise the effect of the recession, it has been suggested. Read More...

Debt through unsecured loans 'still rising'

Updated: 06th January 2009 - First Published: 05th January 2009 The value of outstanding unsecured loans in the UK has been shown to be continuing to rise. Read More...

Unsecured loans on the rise, Bank finds

Updated: 05th January 2009 - First Published: 02nd January 2009 Unsecured loans and credit card spending rose in November, the latest figures from the Bank of England have shown. Read More...

Brits neglecting loans protection, study suggests

Updated: 05th January 2009 - First Published: 02nd January 2009 Britons are not prepared to cut back on spending in order to protect against a potential loss of income, it has been found. Read More...

Lack of credit 'has changed spending habits'

Updated: 05th January 2009 - First Published: 31st December 2008 Consumers have become more prudent in their spending as they become more aware of the economic downturn, it has been observed. Read More...

Consumers predict increase in loan rates

Updated: 07th August 2017 - First Published: 30th December 2008 More than two in five consumers expect interest rates for secured and unsecured loans to be higher a year from now, it has been found. Read More...

Low rates for secured loans needed

Updated: 05th January 2009 - First Published: 29th December 2008 Lower interest rates are needed to boost the economy, an expert has argued. Read More...

Unsecured loans 'remain subdued'

Updated: 05th January 2009 - First Published: 24th December 2008 The value of all unsecured loans granted in the UK remained low in November, it has been found. Read More...

Secured loans holders may see "drastic action"

Updated: 24th December 2008 - First Published: 22nd December 2008 Secured loans customers could be set to see rates drop as the Bank of England is forced to take further action, it has been suggested. Read More...

Lack of credit leads to change in habits

Updated: 24th December 2008 - First Published: 22nd December 2008 Britons are budgeting more carefully in the economic downturn because finance is not readily available, it has been suggested. Read More...

Strong support for rate cut, minutes show

Updated: 23rd January 2009 - First Published: 22nd December 2008 Interest rates for secured loans may be set to fall further in the future, as the minutes of the Bank of England's most recent monetary policy committee (MPC) meeting have shown that all nine members backed a base rate cut. Read More...

Secured loans suffering as bank margins increase

Updated: 24th December 2008 - First Published: 19th December 2008 Borrowers are missing out on the benefits of interest rate cuts while banks increase profits, it has been suggested. Read More...

Bank 'will cut rate in January'

Updated: 24th December 2008 - First Published: 19th December 2008 The Bank of England has been predicted to introduce further base rate cuts at its next monetary policy committee (MPC) meeting. Read More...

'Contradictory messages' for secured loan firms

Updated: 18th December 2008 - First Published: 18th December 2008 Providers of secured loans are receiving mixed messages about the steps they should take, it has been claimed. Read More...

Further cuts to come for secured loans?

Updated: 18th December 2008 - First Published: 18th December 2008 Minutes of the Bank of England's monetary policy committee (MPC) meeting for December have revealed that the decision to cut the base rate was made unanimously. Read More...

Unsecured loan fears delaying major purchases

Updated: 25th June 2009 - First Published: 17th December 2008 Fears over being granted secured and unsecured loans are causing consumers to change their purchasing plans, it has been revealed. Read More...

Rates for unsecured loans may fall, suggests King

Updated: 17th December 2008 - First Published: 17th December 2008 The governor of the Bank of England has suggested that interest rates may need to be cut further. Read More...

Bank makes changes to PPI policy

Updated: 03rd October 2017 - First Published: 15th December 2008 Lloyds TSB has announced changes to the payment protection insurance (PPI) it offers to customers with unsecured loans. Read More...

Public wants further rate cut, survey shows

Updated: 16th December 2008 - First Published: 12th December 2008 Nearly half of people in the UK think interest rates should go down in order to improve the economy, the Bank of England has found. Read More...

Protection for unsecured loans needed

Updated: 16th December 2008 - First Published: 12th December 2008 Unsecured loans customers need access to insurance policies in the current economic climate, it has been suggested. Read More...

Natwest to offer advice to those in debt

Updated: 30th May 2017 - First Published: 12th December 2008 Those facing financial difficulty as a result of unsecured loans and credit cards are to be offered a new service by Natwest. Read More...

Britons continue to support relatives

Updated: 04th December 2009 - First Published: 12th December 2008 Research has revealed that a growing number of Britons are having to provide support to both older and younger relatives. Read More...

Elderly turn to secured loans to fund care homes

Updated: 12th December 2008 - First Published: 11th December 2008 Elderly people are being forced to take out secured loans in order to pay care home fees, it has been suggested. Read More...

Secured loans & credit cards a worry survey finds

Updated: 12th December 2008 - First Published: 11th December 2008 A quarter of adults in the UK are struggling with their finances, according to research by Axa. Read More...

Banks urged to pass rate cuts on to customers

Updated: 01st June 2017 - First Published: 09th December 2008 Banks have been urged to pass on the Bank of England's recent base rate cuts to their customers. Read More...

Further lending options offered by Abbey

Updated: 11th December 2008 - First Published: 09th December 2008 Abbey has become the latest lender to offer a number of new financing options for homeowners following the Bank of England's base rate cuts. Read More...

New secured loan options from lenders

Updated: 10th December 2008 - First Published: 08th December 2008 Lloyds TSB and Cheltenham & Gloucester have announced a new range of secured loans options following the Bank of England's base rate reduction last week. Read More...

Nationwide overhauls unsecured loans pricing

Updated: 08th December 2008 - First Published: 05th December 2008 Nationwide has announced a change in its personal lending policy, with the rates lent based on personal circumstances Read More...

Economy 'set for boost when banks start to lend'

Updated: 05th December 2008 - First Published: 05th December 2008 The Bank of England's interest rate cut is set to boost the UK economy, it has been suggested. Read More...

Brits 'turning to family' for unsecured loans

Updated: 05th December 2008 - First Published: 05th December 2008 A growing number of people are turning to family and friends for financial help rather than taking out unsecured loans, a survey has found. Read More...

Unsecured loans holders 'won't benefit' from cut

Updated: 05th December 2008 - First Published: 05th December 2008 Consumers with unsecured loans are unlikely to be helped by the Bank of England's base rate cut, it has been suggested. Read More...

Secured loans may fall as Bank cuts rate

Updated: 04th December 2008 - First Published: 04th December 2008 The Bank of England has announced a reduction of one per cent to its official base rate of interest. Read More...

Help provided for secured loans holders

Updated: 04th December 2008 - First Published: 04th December 2008 Consumers with secured loans are to be given help in ensuring they keep their homes. Read More...

Extent of future rate cuts 'uncertain'

Updated: 04th December 2008 - First Published: 03rd December 2008 Cuts to the Bank of England's official base rate of interest are likely to continue over the coming months, it has been suggested. Read More...

Unsecured loans continue to grow, study finds

Updated: 19th October 2017 - First Published: 03rd December 2008 Borrowing through unsecured loans has risen steadily since 2000, research has revealed. Read More...

Secured loans increase in "stagnating" market

Updated: 02nd December 2008 - First Published: 02nd December 2008 Secured loans rose slightly in October 08, with the latest Bank of England figures showing that they reached £14.8 billion Read More...

Advice offered for secured loans customers

Updated: 04th December 2008 - First Published: 02nd December 2008 Citizens Advice is offering guidance for those trying to avoid falling behind on loans payments. Read More...

Secured loans holders benefiting from cuts?

Updated: 04th December 2008 - First Published: 02nd December 2008 Banks have been urged to pass on interest rate reductions to borrowers. Read More...

Unsecured loans rates will rise, say borrowers

Updated: 01st December 2008 - First Published: 01st December 2008 Consumers expect interest rates to rise over the next year, according to research by Lloyds TSB. Read More...

Further rate cuts 'will come next week'

Updated: 28th November 2008 - First Published: 28th November 2008 Secured and unsecured loans, unsecured loans, unsecured loan, unsecured loans comparison, unsecured loans guide, unsecured loans comparison table, interest rate cuts, interest rate, base rate Read More...

Secured loan rates 'could fall further'

Updated: 28th November 2008 - First Published: 28th November 2008 Secured and unsecured loans are set to see interest rates fall even further, it has been predicted. Read More...

Economist predicts drop in unsecured loan rates

Updated: 27th November 2008 - First Published: 27th November 2008 Interest rates have been predicted to continue to fall over the next year. Read More...

Secured loans 'prompting need for two incomes’

Updated: 25th June 2009 - First Published: 27th November 2008 Research has found that families are being forced to rely on more than one income due to debts and the rising cost of living. Read More...

Secured loans providers 'ignoring new rules'

Updated: 07th July 2009 - First Published: 26th November 2008 Some secured loans providers have been granting high-interest deals without carrying out credit checks, it has emerged. Read More...

VAT reduction 'should be used to pay secured loans

Updated: 26th November 2008 - First Published: 25th November 2008 Consumers have been advised to consider using the help given by the pre-Budget report to pay off debt. Read More...

Unsecured lending 'remains subdued'

Updated: 25th June 2009 - First Published: 25th November 2008 The value of unsecured loans and credit card finance granted to consumers continued to be subdued in October, the latest figures from the British Bankers' Association (BBA) have revealed Read More...

Retirees facing unsecured loans debt

Updated: 26th November 2008 - First Published: 24th November 2008 A growing number of people approaching retirement age are having to consider continuing to work due to debt, it has been found. Read More...

Tax cuts 'will be used to pay off unsecured loans'

Updated: 26th November 2008 - First Published: 24th November 2008 Tax cuts expected to be announced in today's pre-Budget report will not boost spending as planned, it has been suggested Read More...

Secured loans 'should take priority'

Updated: 25th June 2009 - First Published: 21st November 2008 Borrowers are being advised to prioritise debts in order to avoid the threat of losing their own home. Read More...

Borrowers don't grasp the maths of unsecured loans

Updated: 26th November 2008 - First Published: 21st November 2008 Poor maths skills have been cited as a possible reason for people to find themselves in financial difficulty. Read More...

MPC minutes - further cuts for unsecured loans?

Updated: 26th November 2008 - First Published: 20th November 2008 The minutes of the Bank of England's monetary policy committee (MPC) meeting for November have been published, prompting speculation that further interest rate cuts could be on the way. Read More...

Lib Dems - Banks not granting enough secured loans

Updated: 24th May 2017 - First Published: 20th November 2008 Banks in the UK are still struggling to grant secured loans, it has been suggested. Read More...

Bank welcomes call for loans and debt education

Updated: 26th November 2008 - First Published: 20th November 2008 The Royal Bank of Scotland (RBS) has backed a Liberal Democrat proposal to educate children about personal finance. Read More...

Inflation could help secured loans rates to fall

Updated: 26th November 2008 - First Published: 20th November 2008 Falling inflation could allow the Bank of England to introduce further rate cuts, it has been observed. Read More...

‘Schools should teach avoidance of loans problems’

Updated: 19th November 2008 - First Published: 19th November 2008 Children should learn about personal finance in order to ensure they do not suffer debt problems, according to the Liberal Democrats. Read More...

Brits relying on parents for cash, research shows

Updated: 19th November 2008 - First Published: 19th November 2008 Parents are becoming the favoured source of finance for grown-up children who have left home, the findings of a new study have revealed Read More...

Debt advice for Scottish loans customers

Updated: 18th November 2008 - First Published: 18th November 2008 Loans customers in Scotland that find themselves in financial difficulty are to offered a new public service. Read More...

Secured loans holders 'making green home improveme

Updated: 17th November 2008 - First Published: 17th November 2008 Homeowners have been found to be using environmentally-friendly materials in home improvements in a bid to reduce costs. Read More...

Pressure on secured loans holders 'benefits no-one

Updated: 14th November 2008 - First Published: 14th November 2008 Repossessing a home in the current economic climate is in nobody's interest, it has been suggested. Read More...

Secured loans 'remain difficult to obtain'

Updated: 14th November 2008 - First Published: 14th November 2008 An expert has suggested that obstacles remain in obtaining secured loans. Read More...

Insurance proposal for unsecured loans welcomed

Updated: 14th November 2008 - First Published: 14th November 2008 Recommendations for the sale of payment protection insurance (PPI) - often offered alongside unsecured loans - have been praised. Read More...

Maintain secured loan repayments at pre-cut level

Updated: 14th November 2008 - First Published: 14th November 2008 Borrowers with secured loans could cut years off repayments by ignoring rate reductions, it has been suggested. Read More...

Bankers reject unsecured loans insurance proposal

Updated: 14th November 2008 - First Published: 14th November 2008 Proposals to change the way payment protection insurance (PPI) is sold have been dismissed by bankers. Read More...

Secured loans 'may return to London market'

Updated: 13th November 2008 - First Published: 13th November 2008 The London property market could be set to make a recovery, it has been suggested. Read More...

Secured loans rate cuts 'may not come'

Updated: 13th November 2008 - First Published: 13th November 2008 Lenders may be reluctant to pass on interest rate cuts to those with secured loans, it has been stated. Read More...

Secured loans holders 'need fair rates'

Updated: 12th November 2008 - First Published: 12th November 2008 Secured loans customers are increasingly being forced on to their lender's standard variable rate (SVR), it has been found. Read More...

Credit crunch 'affecting car buying decisions'

Updated: 12th November 2008 - First Published: 12th November 2008 Those taking out unsecured loans for the purpose of buying a car have changed their priorities, it has been found. Read More...

House sales drop as secured loans are limited, sur

Updated: 12th November 2008 - First Published: 12th November 2008 An inability to obtain secured loans has led to a drop in house sales, it has been suggested. Read More...

More interest rate cuts to come, says expert

Updated: 12th November 2008 - First Published: 12th November 2008 Interest rates in the UK could fall below one per cent, it has been suggested Read More...

Improvements 'increase chance of selling' for secu

Updated: 22nd August 2017 - First Published: 12th November 2008 Secured loans holders thinking of selling their home have been advised to make improvements. Read More...

Car buyers 'should shop around' for unsecured loan

Updated: 12th November 2008 - First Published: 12th November 2008 Car owners have been advised that they can save money by shopping around for unsecured loans. Read More...

Sainsbury's Lower Loans

Updated: 31st October 2008 - First Published: 03rd November 2008 Sainsbury’s Finance has done those of you looking for a personal loan a favour by cutting certain rates for internet applications. Read More...

Base rate 'could become obsolete' for secured loans

Updated: 31st October 2008 - First Published: 30th October 2008 Borrowers with secured loans that track the Bank of England's base rate are not fully benefiting from cuts, it has been stated. Read More...

Waiting for secured loans could save money, expert suggests

Updated: 31st October 2008 - First Published: 29th October 2008 Those hoping to obtain their first secured loan may benefit from waiting to see if prices continue to fall, it has been suggested. Read More...

Unsecured loans 'can be a risky strategy'

Updated: 31st October 2008 - First Published: 29th October 2008 Consumers have been advised to ensure they can afford repayments before taking out unsecured loans. Read More...

Secured loans holders 'not seeing full rate cuts'

Updated: 31st October 2008 - First Published: 29th October 2008 Lenders are benefiting from the Bank of England's base rate cut by passing it on to savings customers, but not to holders of secured loans, it has been suggested. Read More...

Lenders 'should pass rate cuts on' to secured loans holders

Updated: 31st October 2008 - First Published: 27th October 2008 Further calls have been made for lenders to pass on interest rate reductions to secured loans holders. Read More...

Cheap credit 'no longer available'

Updated: 31st October 2008 - First Published: 27th October 2008 The availability of cheap credit has come to an end, it has been suggested. Read More...

Secured loans 'rising, but still low'

Updated: 31st October 2008 - First Published: 27th October 2008 The value of secured loans approved by lenders rose last month, figures have shown. Read More...

Banks 'out of touch' with needs of young adults

Updated: 31st October 2008 - First Published: 27th October 2008 Young adults have been let down by the government and financial institutions, it has been suggested. Read More...

Rate cut 'should be passed on' to consumers

Updated: 31st October 2008 - First Published: 27th October 2008 Lenders should be passing on lower rates in order to make borrowing more affordable, it has been suggested. Read More...

Check credit file to lower cost of secured loans, consumers advised

Updated: 31st October 2008 - First Published: 27th October 2008 Consumers can improve their chances of being approved for a secured loan or credit card by checking their credit file, a study has found. Read More...

Repossession protection for secured loans holders

Updated: 22nd May 2017 - First Published: 27th October 2008 The government's plan to help secured loans holders avoid having their homes repossessed has been welcomed. Read More...

Lenders 'failing to pass on rate cuts'

Updated: 31st October 2008 - First Published: 24th October 2008 A growing number of consumers are having to switch to their bank's standard variable rate for their secured loans, it has been revealed. Read More...

Banks blamed for financial crisis

Updated: 31st October 2008 - First Published: 23rd October 2008 Consumers are blaming banks for the current financial crisis, a survey has found. Read More...

Secured loans holders 'want fixed rate'

Updated: 31st October 2008 - First Published: 23rd October 2008 An increasing number of homeowners are seeking secured loans with a fixed interest rate, research has found. Read More...

Storm prevention 'better than cure' for secured loans holders

Updated: 31st October 2008 - First Published: 23rd October 2008 Secured loans holders have been urged to ensure their homes have adequate protection from the possibility of storm damage. Read More...

Secured loans with low deposit needed, says expert

Updated: 31st October 2008 - First Published: 20th October 2008 Secured loans are continuing to be out of reach for first-time buyers, it has been observed. Read More...

Loans to friends and family costing dearly, research finds

Updated: 31st October 2008 - First Published: 20th October 2008 Britons' generosity towards friends and family is leaving millions out of pocket, a study has found. Read More...

Secured loans holders 'need to think about insurance'

Updated: 31st October 2008 - First Published: 20th October 2008 People with secured loans should consider taking out insurance to protect themselves financially, it has been suggested. Read More...

FSA issues fine over secured loans

Updated: 31st October 2008 - First Published: 20th October 2008 Two directors of Abbey Mortgages have been fined after the Financial Services Authority (FSA) found fault with their sale of secured loans. Read More...

Britons 'should prepare for flooding'

Updated: 31st October 2008 - First Published: 20th October 2008 Secured loans holders have been urged to prepare for the possibility of flooding. Read More...

Secured loans in the countryside 'becoming an impossible dream'

Updated: 31st October 2008 - First Published: 20th October 2008 Those hoping to be granted a secured loan for a property in the countryside are set to find it difficult, a survey has found. Read More...

Nationwide lowers interest on secured loans

Updated: 31st October 2008 - First Published: 20th October 2008 Nationwide has announced that holders of its secured loans that track the Bank of England's base rate will see reductions next month Read More...

Secured loans holders 'not seeing benefits of rate cut'

Updated: 31st October 2008 - First Published: 20th October 2008 The Bank of England's base rate cut has not yet brought the relief some secured loans holders were hoping for. Read More...

Government's financial bail-out welcomed

Updated: 31st October 2008 - First Published: 20th October 2008 The government has announced that it is investing £37 billion to help stabilise the UK's banks. Read More...

Competition Commission criticises sale of insurance with unsecured loans

Updated: 31st October 2008 - First Published: 20th October 2008 The sale of payment protection insurance (PPI) has come in for fresh criticism from the Competition Commission (CC). Read More...

Rates rising for unsecured loans, research finds

Updated: 31st October 2008 - First Published: 20th October 2008 Britons seeking unsecured loans have found that interest rates are rising, Moneyfacts.co.uk has found. Read More...

Number of unsecured loans 'increasing sharply'

Updated: 31st October 2008 - First Published: 20th October 2008 Consumers have been advised to take control of their finances in order to avoid mounting debt from unsecured loans. Read More...

Credit crunch 'reducing options for secured loans seekers'

Updated: 31st October 2008 - First Published: 20th October 2008 The credit crunch has seen the options for those seeking secured loans significantly reduced, research has found. Read More...

Over-55s need ten more years to pay off secured loans, survey finds

Updated: 31st October 2008 - First Published: 10th October 2008 Those approaching retirement continue to have outstanding secured loans, research has found. Read More...

Secured loans 'still available' in credit crunch

Updated: 31st October 2008 - First Published: 10th October 2008 Those seeking secured loans should not be put off by the economic downturn, it has been claimed. Read More...

Campaigners welcome unsecured loans insurance decision

Updated: 31st October 2008 - First Published: 10th October 2008 The Financial Services Authority's decision to fine Alliance & Leicester (A&L) over the sale of payment protection insurance (PPI) has been welcomed by Which?. Read More...

Government to provide support to banking industry

Updated: 31st October 2008 - First Published: 10th October 2008 The government has announced a financial package to support the UK's banks. Read More...

Bank of England announces base rate cut

Updated: 31st October 2008 - First Published: 10th October 2008 The Bank of England's monetary policy committee (MPC) has cut the official base rate by 0.5 per cent. Read More...

FSA issues fine following sale of unsecured loan insurance

Updated: 31st October 2008 - First Published: 09th October 2008 Alliance & Leicester (A&L) has been fined following an investigation into the sale of insurance alongside unsecured loans. Read More...

Students 'should set budgets' to manage unsecured loans

Updated: 31st October 2008 - First Published: 07th October 2008 Students beginning university this month have been advised to set budgets in order to maintain control of their finances. Read More...

Economists predict interest rate cut

Updated: 07th August 2017 - First Published: 07th October 2008 Those planning to take out secured loans may benefit from an interest rate cut this week, experts have suggested. Read More...

Deposit relief offered for those seeking secured l

Updated: 19th July 2017 - First Published: 07th October 2008 First-time buyers are benefiting from the opportunity to avoid paying a deposit for a home, it has emerged. Read More...

Secured loans less readily available, survey shows

Updated: 31st October 2008 - First Published: 06th October 2008 Consumers planning to apply for secured loans will find that they are increasingly difficult to come by, it has been revealed. Read More...

Over 50s 'facing soaring debts from unsecured loans'

Updated: 31st October 2008 - First Published: 06th October 2008 Rising debts as a result of unsecured loans are affecting those between the ages of 50 and 60 more than any other age group, research has found. Read More...

Comparisons 'really important' when choosing financial products

Updated: 31st October 2008 - First Published: 03rd October 2008 Consumers seeking secured loans and other financial products have been advised to gather information before making a decision. Read More...

'Sacrifices needed' for a secured loan to be in reach

Updated: 31st October 2008 - First Published: 03rd October 2008 Those hoping to get on to the property ladder may have to cut back on expenditure if they are to secure a mortgage, it has been suggested. Read More...

Action to be taken over insurance sales for unsecured loans

Updated: 31st October 2008 - First Published: 03rd October 2008 The Financial Services Authority (FSA) has raised concerns over the sale of insurance alongside unsecured loans. Read More...

Merger 'could be bad' for secured loans seekers

Updated: 31st October 2008 - First Published: 03rd October 2008 The potential merger of Lloyds TSB with HBOS could have negative effects for consumers, it has been suggested. Read More...

Secured loans holders 'failing to look after finances'

Updated: 31st October 2008 - First Published: 03rd October 2008 Britons are failing to understand their financial spending, research has suggested. Read More...

Secured loans availability 'seeing sharp decline'

Updated: 31st October 2008 - First Published: 03rd October 2008 The number of secured loans available to consumers dropped significantly yesterday, it has been revealed. Read More...

Low demand for secured loans is 'unsurprising'

Updated: 09th May 2017 - First Published: 29th September 2008 A weakening property market means that a reduction in the number of mortgage approvals last month is unsurprising, one expert has said. Read More...

Secured loan holders see house price falls

Updated: 31st October 2008 - First Published: 29th September 2008 House prices dropped by 4.6 per cent in the month of August, new figures have revealed. Read More...

Secured loans could be 15 years away for first-time buyers

Updated: 31st October 2008 - First Published: 29th September 2008 First-time buyers could have to delay their homeownership plans for up to 15 years while they save for a deposit, it has been suggested. Read More...

Abcul: Increase in unsecured loans demand due to t

Updated: 31st October 2017 - First Published: 29th September 2008 There has been a rise in the number of consumers seeking unsecured loans during the economic downturn, according to chief executive of the Association of British Credit Unions (Abcul) Mark Lyonette. Read More...

Choosing the Right Loan

Updated: 31st October 2008 - First Published: 29th August 2008 Before opting for the convenience of forecourt finance, it’s worth checking out how this compares with other deals on the market. There are over 40 providers offering a range of unsecured loans and many offer different rates depending on if you apply online or over the telephone. Read More...

Loan Rates Increase Again

Updated: 31st October 2008 - First Published: 31st July 2008 Family finances continue to be stretched, causing many to consider consolidating existing debts into one loan as a means of reducing monthly outgoings. Borrowers, however, will find that the reduction may not be as great as expected. Read More...

Zopa launches unique ‘Young Markets' service

Updated: 22nd September 2017 - First Published: 30th July 2008 Zopa - the world's first person-to-person online lending exchange - has just launched its new ‘Young Markets' service to help those aged 20 to 25 obtain unsecured loans at very competitive rates. Read More...

Britain's banks less competitive

Updated: 31st October 2008 - First Published: 23rd July 2008 As the credit crunch continues to make Britain's banks less competitive and less willing to lend, Zopa offers a better way to fund the special day Read More...

Secured loan market diminishing

Updated: 02nd October 2017 - First Published: 11th July 2008 First Plus has become the latest casualty of the credit crunch. The secured loan lender has announced that it would be closed to new applications from August. Read More...

Personal Loan rates above 7%

Updated: 31st October 2008 - First Published: 03rd July 2008 Anyone looking for a personal loan can no longer find rates of less than 7%. Yourpersonalloan.co.uk, which is funded by The Co-operative Bank, has increased its rate from 6.9% to 7.3%. Read More...

More Personal Loan Pain for Borrowers

Updated: 07th August 2017 - First Published: 06th May 2008 It’s not only mortgage rates that continue to increase, so too have the rates and monthly repayments on personal loans. Read More...

Credit's not so easy anymore

Updated: 31st October 2008 - First Published: 28th March 2008 Not only have personal loan rates increased by an average of 1.7% over the past year, lenders have also made some significant changes to the way that they offer personal loans. Product changes Unsurprisingly the personal loan market has not escaped the effects of the credit crunch. In 2008 alone we have seen 27 changes to personal loan products. In the majority of cases, these have been increases across the board, with personal loan lenders combining large one off rate increases with gradual small rises the overall effect does not favour consumers looking for extra borrowing. Read More...

Loan rates still on the up

Updated: 31st October 2008 - First Published: 12th March 2008 Just two weeks ago the FSA suggested that the days of cheap credit were over. The latest exclusive Moneyfacts.co.uk research into the cost of unsecured personal loans underlines that this is certainly the case. Read More...

Why getting it wrong could cost you thousands more

Updated: 31st October 2008 - First Published: 20th February 2008 Motorists everywhere are now searching across the country to find the best deal for the new 08 plate cars. Unfortunately the same effort is rarely put into sorting out the best car finance and car insurance deal and getting this wrong can be an extremely costly mistake. Read More...

Record Low on Car Buying Budgets

Updated: 31st October 2008 - First Published: 14th February 2008 Planned spending on cars has plummeted to its lowest point for two years and has dropped by an average of £976 within just six months, according to new figures from AA Personal Loans. Read More...

New Year Loans

Updated: 17th December 2009 - First Published: 13th February 2008 New research by Halifax Unsecured Personal Loans* shows that when it comes to sticking to our New Years' Resolutions, as far as personal finances are concerned, we're determined to stay on track. Read More...

Good news for borrowers as personal loan rates fall

Updated: 31st October 2008 - First Published: 15th January 2008 For most of 2007 we reported rising personal loan rates, with the demise of sub six percent personal loans and the market finally settling at the end of the year with the best personal loan deals around 6.5% to 7%. But as 2008 starts, there is good news for borrowers as personal loan rates begin to fall. Read More...

Personal loan market shrinks 10% in November

Updated: 31st October 2008 - First Published: 06th December 2007 Another two personal loans lenders bite the dust in the personal loan market this week, with the withdrawal of Hanley Economic BS and Northern Rock funded Eskimo Loans. They join GE Money, Leeds BS and LV= which withdrew earlier this month, marking an almost a 10% reduction in the number of unsecured personal loan providers. Read More...

Equity release widens its market and potential income

Updated: 31st October 2008 - First Published: 23rd November 2007 With most other lending areas introducing stricter conditions, restricted availability and in some cases inflated interest rates, it's surprising to see the equity release sector beginning to broaden its horizons by lowering minimum ages and increasing maximum loan to values. Read More...

A Personal loan isn't for life or just for Christm

Updated: 01st November 2017 - First Published: 19th November 2007 With Christmas only weeks away, you may be planning on splashing out on presents and the festivities. Whatever your purchase, remember that although a personal loan can be a useful way of funding such spending, they are a big responsibility Read More...

Northern Rock tightens personal loan criteria

Updated: 31st October 2008 - First Published: 15th November 2007 Northern Rock sees the first tightening of personal loan criteria, reducing its maximum term for personal loans from 10 years to seven years. Northern Rock are the first personal loans lender to make changes to the conditions of their personal loans deals. Northern Rock did stand out from the crowd offering a 10-year personal loan, so this latest move brings them back in line with the market. Read More...

More personal loan providers back out of the market

Updated: 31st October 2008 - First Published: 08th November 2007 Competitive personal loan rates can still be found, especially if you are borrowing larger sums of money. But as rates continue to rise and lenders begin to withdraw from the personal loans market, it could look a very different picture in a few months' time. Leeds Building Society withdrew at the end of last week, with very competitive PPI charges and low rates on small personal loans, it left a hole at the top of some of the personal loan best buys. And this week GE Money followed suit, withdrawing its competitive rate of 6.9% on personal loans between £7.5K and £25K. Read More...

Student debts - should parents pay them off?

Updated: 09th October 2017 - First Published: 16th October 2007 A recent survey by the Halifax has shown that nearly two thirds of parents would use their salary to put their children through university, to prevent them being saddled with debt on graduation. Read More...

Loans - Car finance is costly mistake

Updated: 31st October 2008 - First Published: 26th September 2007 Thousands of cars with shiny new '57 registration plates have started rolling off forecourts this month. However, new research has shown that car buyers are more likely to choose car forecourt finance deals rather than a personal loan - but this could prove to be a costly mistake. Read More...

Your Personal Loan - a market leading rate of 6.3%

Updated: 25th September 2017 - First Published: 13th September 2007 Your Personal Loan.co.uk, a subsidiary of Co-operative Bank, has launched a new unsecured personal loan at a rate of 6.3% APR Read More...

Save Over £1,000 On Your Next Car Loan

Updated: 04th December 2009 - First Published: 12th March 2007 In a few days the latest new car registration code of 07 will be out and a multitude of banks, building societies and car dealerships will be offering a vast array of unsecured car loans to tempt punters to splash out on a shiny new motor. Read More...

Personal Loan

Updated: 06th November 2017 - First Published: 11th October 2006 When taking out a personal loan it is important to take time comparing the rates and features on offer from different providers. Read More...

Tiered Interest Rates

Updated: 12th April 2017 - First Published: 09th October 2006 When looking for a cheap personal loan it is important not just to go with the provider that has the attractive headline advertised rate. Read More...

Secured Loan or Unsecured Loan?

Updated: 31st October 2008 - First Published: 04th October 2006 Many of us will take out a loan at some point of our life, whether it is for a new car, holiday, home improvements or debt consolidation. Unsecured loans are the most popular form of borrowing for relatively small amount over a short term, but for larger borrowing secured loans are an option. Read More...

Car Loan

Updated: 04th April 2011 - First Published: 13th September 2006 With the new vehicle registration number in September, many of us may be thinking about purchasing a new car. For most people cash purchase is not an option and so we look at the car finance options available to us. Read More...

Shop around for the best personal loan

Updated: 31st October 2008 - First Published: 27th June 2006 Personal loans are one of many financial products where savings can be made by searching for the best deal. · Best personal loan - rate Loan rates can vary from 5.5% to over 20%. On a loan of £10,000 over five years this makes a difference of over £50 on monthly repayments – over £3000 over the term. Read More...

Lifetime Balance Transfers or Personal Loans?

Updated: 31st October 2008 - First Published: 05th April 2006 With card providers' profits suffering at the hands of rate tarts and rising bad debts, consumers will find the long-term 0% balance deals free from fees becoming few and far between as providers look for alternative means to recoup their losses. Read More...

Love and Money

Updated: 28th July 2017 - First Published: 09th February 2006 Thousands of people will receive a proposal this Valentine's Day. Read More...

Borrowing For A Holiday?

Updated: 31st October 2008 - First Published: 04th May 2005 need a loan to take a trip?, borrow some money to have a break? Read More...


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