For a great many people who happen to be in financial difficulty, debt consolidation might seem to make perfect sense. (more…)
Posts Tagged ‘loans’
• Overdrafts fall 23% in two years, while loans slide just 9%
• ‘Hidden credit crunch’ still ongoing for SMEs
Banks are cutting small business overdrafts much more sharply than traditional bank loans (more…)
Metro Bank, the revolutionary high street bank, has announced the launch of its new Professional Studies Loan Scheme to provide financial support for post-graduate study. The new scheme will initially be available to students at The University of Law (more…)
You need money right now, but pay day isn’t for another few days. Wait – you can get a small amount loan, right? Yes, but the fees and interest are horrendous, aren’t they? In a way, small amount loans, called payday loans, are one of the worst types of loans you could get yourself into (more…)
The continuing reluctance of banks and traditional financial institutions to lend to cash-starved small businesses and consumers has undoubtedly slowed the country’s economic recovery. However, the emergence in recent years of the innovative alternative finance sector (more…)
There are many aspects to consider when trying to decide which is the best loan for you and it is not just about finding the best rate or lowest monthly repayment, although these are of course important considerations. (more…)
Chelsea and Fulham MP Greg Hands has signed up to his local credit union which has vowed to fight loan sharks on the doorstep.
The deputy chief whip became a member of YourCU during a visit to a pop-up session of the union (more…)
If in power the Labour Party would hit payday lenders with taxes that would then be used to help alternatives such as credit unions says Ed Miliband. (more…)
Which? is today launching a new campaign to clean up the entire credit market after new Which? research finds that other forms of credit can be as expensive as payday loans. (more…)
Today the Financial Conduct Authority will begin to spell out how exactly it plans to regulate the payday lending industry come April 2014.
It will carry over many of the rules from the Consumer Credit Act 1974 (‘CCA’) – but the interest is in how things will be different (more…)