Posts Tagged ‘loans’

Debt consolidation loans: the life raft for businesses sinking in a sea of debts

Wednesday, August 9th, 2017

What happens when fresh talent meets a business opportunity? Although we hope this would result in a brilliant and fruitful business venture, it rarely plays out that way. (more…)

Fund needed to plug impending SME finance shortfall

Tuesday, January 3rd, 2017

The government should create a new fund to plug an impending shortfall in the finance that is available to small businesses who are being turned down by commercial banks (more…)

Shrinking consumer credit industry led to birth of newer options like Unbolted

Wednesday, March 11th, 2015

The demand and availability of consumer credit in UK has seen an upward trend since 2014. The combined forces of improving household sentiment, falling unemployment, and reduced economic uncertainty (more…)

Law and accountancy firms well on the road to recovery as loan writeoffs lowest since credit crunch

Monday, March 9th, 2015

• Professional services firms a better credit risk than any time since pre-financial crisis

The legal and accountancy professions are well on the road to recovery, with bank writeoffs on loans to professional services firms the lowest since the credit crunch (more…)

Number of remortgage loans fall 21% year-on-year to 23,505

Tuesday, November 25th, 2014

The lowest amount ever recorded in the month of October

• Value of remortgage loans also drops by a fifth to £3.5bn, the lowest amount since June 2013 and the worst October since 2010
• Average remortgage loan amount dropped to £149,715, the lowest amount in a year (more…)

Unlock Your Garage to Unlock Finance – Supercars and Vintage Cars Used for Loans

Monday, October 13th, 2014

• Ferrari, Bentley, Aston Martin, Porsche, McLaren and Lamborghini owners all using their cars as collateral for loans with Borro

• £1.8 million lent against vintage cars since launch

• £140,000 loan issued against a Ferrari GTB 4 and £110,000 against a McLaren SLR Roadster (more…)

The Rise in Loans From Luxury

Wednesday, October 1st, 2014

• Borro lends against super value Hermes handbags

• Average handbag loan is £9,000

• £210,000 loaned against designer handbags since December 2013 (more…)

6 Things to Consider Before Applying for Debt Consolidation

Monday, August 18th, 2014

For a great many people who happen to be in financial difficulty, debt consolidation might seem to make perfect sense. (more…)

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…)

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