Personal loan news, Jul - Sep 2006

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£53.8m personal loan bill to cover university

26 September 2006

New research from Sainsbury's Bank has found that around £53.8 million worth of personal loans could be taken out this year to help cover the cost of university.

Consumer borrowing muted in August

20 September 2006

Consumers' borrowing levels were down in August, according to new industry comment.

CCCS comments on personal loan pricing

15 September 2006

The Consumer Credit Counselling Service (CCCS) has commented on personal loans and the process of personal pricing in the financial industry.

uSwitch comments on loans for car finance

14 September 2006

uSwitch has commented on research by Alliance & Leicester Personal Loans which shows drivers who sign up to finance packages with a car dealer could be out of pocket by almost £1,400.

uSwitch comments on tiered personal loan rates

13 September 2006

Price comparison and switching website uSwitch has commented on the practice of tiered personal loan rates.

Halifax: Borrowing depends on "individual circumstance"

12 September 2006

Whether it is a good time to be borrowing depends very much on your individual circumstance, according to Halifax.

BBA comments on personal loans

08 September 2006

The British Bankers' Association (BBA) has commented on the issue of personal loans and insolvency.

Interest rates remain the same

07 September 2006

The Bank of England has announced that interest rates will remain at 4.75% this month.

Car finance loans decrease as buyers go second hand

06 September 2006

September could be a quiet month for car manufacturers as many consumers shun personal loans and finance deals, according to new research.

Cashback offer with drawbacks

25 August 2006

First Direct's announcement of 25% cashback offered on unsecured personal loans for existing customers has been greeted with a dose of realism by uSwitch.

Personal loans cashback offered by first direct

23 August 2006

Customers who repay their first direct personal loan on a pre-agreed date will be refunded 25% of the interest they pay during the time scale of the loan.

Overpriced loans costing motorists

15 August 2006

Motorists could waste as much as £210 million on over-priced credit this autumn, according to new figures.

Parents take out loans for school fees

11 August 2006

An increasing number of parents are opting to take out a personal loan to help assist in paying for their children's school fees, new research suggests.

King looks to ease interest rate rumours

10 August 2006

Governor of the Bank of England, Mervyn King, has moved to dampen suggestions that there will be a second rise in interest rates in the near future.

RBS sees increase in bad debt

07 August 2006

Royal Bank of Scotland (RBS) has announced a rise in its bad debt.

First interest rate rise in two years

04 August 2006

The Bank of England (BoE) has decided to up the base rate of interest for the first time in two years.

Banks battling with bad debt

31 July 2006

The level of debt incurred by consumers that they are unable to repay is on the increase in the UK.

UK debt moves from personal loans to mortgages BBA figures reveal

28 July 2006

The UK has collectively shifted much of its debt burden from unsecured personal loans and credit cards to mortgages

Finance companies responding well to ID theft victims says research

27 July 2006

Financial institutions in the UK have responded well to ID theft victim's concerns, CIFAS, the UK's fraud prevention service, has said.

MPs support cap on interest rates on door step lender loans

26 July 2006

MPs have backed a campaign to change the law to limit the amount of interest that can be charged by home credit companies



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