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…)
Posts Tagged ‘loans’
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…)
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…)
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…)
The number of bridging loans written increased by 16.9% in the quarter ending 31 June 2013, according to lending trade body, the Association of Short Term Lenders (ASTL). (more…)