Personal loan news, Apr - Jun 2007

Borrowers use loans to keep driving

28 June 2007

More Britons than ever are taking out personal loans to keep them on the road, research has found.

Brits sidelining more of wages to loan repayments

26 June 2007

Britons are now devoting more of their salaries than ever to loan repayments, it has been revealed.

45% use internet to search for loans

20 June 2007

Research from Equifax, a financial risk and ID verification solutions provider, has revealed that 45% of internet users check the net for the best loan deals.

BBA urges consumers to become financially fit

11 June 2007

Borrowers are being urged to treat their finances like their health by working towards improving their financial fitness.

Lower loan rates could save consumers money

04 June 2007

Richard Al-Dabbagh, Alliance & Leicester's Senior Personal Loans Manager, has called on consumers to consider a low-rate personal loan as a realistic alternative to falling victim to the convenience of store cards.

CAS: PPI crackdown is too slow

30 May 2007

The promised crackdown on the mis-selling of Payment Protection Insurance (PPI) policies is painfully slow, according to representatives of the Citizens Advice Scotland (CAS).

Datamonitor: Lenders will need to lower prices

25 May 2007

A slowdown in the UK's consumer credit market is likely to cause lenders to lower their interest rates on personal loans, a Datamonitor report has forecast

EU loans bill will increase competition

22 May 2007

A bill currently being discussed among officials in the EU could see continental companies offering loans in the UK, leading to an increase in competition and the lowering of costs for British consumers.

PPI clampdown could negatively affect consumers

18 May 2007

A city law firm has claimed that the Financial Services Authority's (FSA's) recent determination to encourage companies to pay out compensation voluntarily could impact negatively on consumers' pockets.

Consumers not worried by £15,000 debts

08 May 2007

Research from credit experts Experian has revealed that British consumers remain unfazed by the prospect of being in debt, provided their unsecured debt adds up to less than £15,000.

BBA: Soaring house prices affecting unsecured loans

01 May 2007

The British Bankers' Association (BBA) has revealed that soaring house prices are having a knock-on effect on consumers' borrowing patterns, with substantially lower numbers taking out personal loans.

Shy consumers miss out on best loan deals

27 April 2007

Consumers who are looking for a personal loan should be prepared to haggle for a better deal, according to Picture Financial.

Early repayment causes losses on PPI

25 April 2007

As investigations into payment protection insurance (PPI) continue to generate media attention, one insurance provider has highlighted the fact that consumers who pay off their personal loan early could be losing out on reclaiming on redundant PPI policies.

Friends generation most likely to have personal loan

20 April 2007

The so-called "Friends generation" of young 30-something Britons are the most likely age group to have taken out a personal loan, as well as being the most likely group to default on repayments.

ABI: Selling of PPI improving

12 April 2007

The insurance industry has taken a proactive approach to improve the selling of Payment Protection Insurance (PPI) to consumers, according to the Association of British Insurers (ABI)

Driving a hard bargain over car purchase

11 April 2007

Motorists' failure to haggle on the forecourts could be costing them millions of pounds, new research from Sainsbury's Bank has found

Consumers turn to personal loans to fund DIY

04 April 2007

Loft conversions are the latest craze to take Britain's DIY enthusiasts by storm according to Alliance & Leicester's Personal Loan and with the value of the house increasing by an average of £100,000 once it's completed, it's easy to see why.



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