Personal loan news, Apr - Jun 2008

Consumers 'could be hit by FSA plans'

30 April 2008

Bank customers may have to pay out more cash if plans by the Financial Services Authority (FSA) come into force, it has been claimed.

Citizens Advice call for Chancellor help

29 April 2008

Citizens Advice (CA) has written to Alistair Darling, the chancellor, after the 10p tax rate was abandoned in the UK.

Archbishop: Debt is a worry

28 April 2008

UK consumers have been warned about the present debt levels the country faces by the Archbishop of Canterbury, Rowan Williams.

Certain loans 'withdrawn in turmoil'

25 April 2008

Students attempting to obtain loans for postgraduate or second undergraduate courses could find that their options are limited by the credit crunch, one body has observed.

Debts 'hurting people in many ways'

23 April 2008

The pressures exerted by personal debt are proving to be a massive strain on many families, one organisation has warned this week.

Repossessions 'will increase this year'

21 April 2008

Many home repossessions could be witnessed this year as people struggle to pay back their debts, sometimes in the form of personal loans, it has been claimed.

Options for debtors 'will decrease'

17 April 2008

Debt problems for many consumers look likely to continue for the remainder of 2008 because the options for those in trouble will dwindle, it has been suggested.

Loans 'hit by lack of credit'

15 April 2008

There will probably be a further drop in the amount of credit available to consumers in the coming few months, it has been claimed.

Rate cut 'won't be seen in deals'

14 April 2008

The cut to the base rate of interest will probably not have that much of an impact on the amount of credit available on the market, it has been claimed.

'Hope but consumers may not benefit'

11 April 2008

The decision by the Bank of England to cut the base rate of interest to 5% is a "ray of hope" for consumers but may not be enough in the present economic climate, it has been claimed.

Cut requested by NAEA

09 April 2008

People are beginning to lose confidence in the housing market and this could be helped by a cut in interest rates, the National Association of Estate Agents (NAEA) has said.

Rate cut probable due to tighter credit

07 April 2008

Tightened credit conditions in the aftermath of the credit crunch have meant that the Bank of England is likely to drop the base rate of interest this week, one official has claimed.

Credit checks 'not up to scratch'

04 April 2008

Service providers are still offering credit to consumers before making adequate checks on their income, uSwitch.com has revealed this week.

Borrowing 'rises in February'

03 April 2008

Personal borrowing levels rocketed in February, mainly via personal loans, according to new figures published by the Bank of England.

Personal finance 'should be taught in schools'

01 April 2008

Respondents to a recent survey have stated that personal finance issues should be considered on the curriculum.



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