Personal loan news, Apr - Jun 2006

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Unsecured lending up says BoE

29 June 2006

The Bank of England (BoE) has said that unsecured lending to individuals increased for the second consecutive month during May and was also above the six month average.

Concern raised over debt levels

28 June 2006

The Liberal Democrats have issued further warnings about the growing problem of debt in the UK

Retired splash out on brand new cars

22 June 2006

Retired people in the UK are twice as likely to invest in a new car as their younger counterparts, according to research by AA Personal Loans.

May sees mini lending boom

21 June 2006

The UK saw a borrowing boom in May, according to statistics released by the British Bankers' Association (BBA).

Post Office enters PPI market

20 June 2006

The Post Office has launched a new payment protection insurance (PPI) scheme that should help to boost consumer awareness of the product.

Loan holidays to help pay for UFOs

19 June 2006

Over half of the UK's population have had to deal with a UFO each year, according to research.

Partnership offers new personal loan deal

16 June 2006

The Co-operative Bank has linked up with financial services company Bradford & Bingley in order to offer customers a new personal loans package.

Brits comfortable with debts

14 June 2006

The vast majority of people in the UK are comfortable with the amount of debt they have taken on, according to a new survey.

New attempts to beat doorstep lenders

13 June 2006

A new lending scheme has been set up by a property management group in an attempt to protect vulnerable people from expensive doorstep lenders.

Next change of interest rates will be upwards, says bank

08 June 2006

Evidence is mounting that suggest that the next movement in the Bank of England's base rate of interest will be up, according to one of the UK's largest high street banks.

first direct cuts personal loan rate

07 June 2006

The UK's largest online bank first direct is lowering the interest rate on its personal loan offering.

Students underestimating costs of university

02 June 2006

Many students are underestimating the costs of attending university to the tune of £110 million, according to a bank survey.

Consumers getting wise to lending market

31 May 2006

The latest lending figures released by the Bank of England suggest that consumers are searching the market for cheaper ways of financing their spending plans, according to a senior economist.

World Cup tourists urged to check short term borrowing options

26 May 2006

Nationwide is urging the thousands of fans travelling to Germany for this summer's World Cup to consider their short term borrowing options before they leave.

More people seeking debt help

24 May 2006

The Citizens Advice Bureaux has announced that it is now receiving twice the number of calls from people with debt problems than it did eight years ago.

Unofficial loans could total £65bn

23 May 2006

The amount Brits borrow from friends and family could amount to as much as £65 billion, according to new research.

UK lending stable, says BBA

22 May 2006

The British Bankers Association (BBA) has said that consumer lending has become more stable, after sharp increases shown in March.

Personal debt increases in Guernsey

17 May 2006

Personal debt has risen by 150% on the British Channel island of Guernsey over the past year, according to a new report.

1,000% interest loan shark sentenced

11 May 2006

A loan shark who was charging his customers 1,000% APR on his illegal loans has been sentenced at a court in Birmingham.

Credit union chairman receives ban

10 May 2006

A chairman of a credit union has been banned from any involvement in the bodies by the financial industry regulator.



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