Posts Tagged ‘loans’

Banks cutting SME overdrafts far faster than loans

Monday, June 2nd, 2014

• 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 Launches Professional Studies Loan

Tuesday, March 25th, 2014

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…)

Small Amount Loans: How to Leverage This Financial Fix

Saturday, March 15th, 2014

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…)

Is Peer to Peer Lending a Viable Alternative to the Banks?

Monday, March 3rd, 2014

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…)

Secured vs Unsecured Loans: All About Borrowing Money

Friday, February 21st, 2014

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 Puts His Money Where His Mouth Is

Friday, December 13th, 2013

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…)

Labour would hit payday lenders says Miliband

Thursday, October 17th, 2013

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…)

Time To Clean Up Credit

Monday, October 14th, 2013

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…)

FCA sets out how it will deal with consumer credit

Friday, October 4th, 2013

The Financial Conduct Authority (FCA) yesterday set out its vision for the regulation of consumer credit when it takes over from the Office of Fair Trading (OFT) on 1 April 2014. (more…)

New FCA rules are not enough

Thursday, October 3rd, 2013

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…)

Wonga leaps ahead

Sunday, September 1st, 2013

Wonga has reportedly seen its profits soar and Sky says that the company will next week confirm that it made £1 million a week in profits last year. (more…)

New record peer-to-peer loan request shows P2P lending is increasingly mainstream

Thursday, August 22nd, 2013

The U.K’s first peer-to-peer pawnbroker community has this week received its largest ever loan request – evidence it says that Britain’s peer-to-peer lending industry is increasingly viewed as a mainstream source of financing. (more…)