Personal loan news, Jan - Mar 2008

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Switching loans could save £180

25 January 2008

UK consumers are being advised that if they switch their personal loans halfway through the repayment period they could save an average of £180

uSwitch: Britain in the grip of affluenza

22 January 2008

Britons are finding it increasingly difficult to pay back money borrowed on personal loans and credit cards, new research from uSwitch suggests.

Regulator: More PPI fines to come

17 January 2008

HSBC has been fined £1 million for the way it sold Payment Protection Insurance (PPI), the controversial cover which can be taken out with most forms of borrowing.

Peer-to-peer loans 'to grow in 2008'

16 January 2008

Innovative lending website Zopa has predicted the entry of peer-to-peer loans into the mainstream this year.

Citizens Advice: Help needed for debtors

15 January 2008

Britons indebted through excessive usage of personal loans and credit cards should be provided with government-backed financial counselling, Citizens Advice said today.

Thomas Charles: More debtors taking management plans

11 January 2008

Britons whose spending on credit through personal loans and cards has become unsustainable will be taking on debt management plans in increasing numbers, Thomas Charles & Co said yesterday.

You can pay less for your loan says Defaqto

10 January 2008

Money-savvy borrowers could pay less in personal loan repayments through choosing their loan amounts carefully, Defaqto said yesterday.

Government says most Brits overspent over Christmas

09 January 2008

People who spent more than they could afford at Christmas are struggling in the New Year, the government admitted today.

CCCS: Avoid the January sales if you are in debt

08 January 2008

Britons who borrowed heavily through personal loans and credit cards last Christmas should give the January sales a wide berth, a debt advice charity has said.

Loans becoming harder to obtain says Bank of England

04 January 2008

Personal loans and credit cards are set to become harder to obtain as the year progresses, the Bank of England warned yesterday.

More Brits to go bankrupt say Grant Thornton

03 January 2008

Britons unable to pay back what they owe in personal loans and credit card repayments will become insolvent in greater numbers this year, Grant Thornton said today.

Consolidation clock is ticking says uSwitch

02 January 2008

Almost ten million UK debtors are finding their financial burden "unmanageable", a new uSwitch report has found.



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