Personal loan news, Jul - Sep 2008

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Moneyback Bank personal loan move offers 'glimmer of hope'

18 September 2008

The move by Moneyback Bank to cut the rates on its personal loans offers a "glimmer of hope" to borrowers amid the current financial uncertainty, it has been claimed.

Loan sharks 'targeting vulnerable people in Norwich'

17 September 2008

Vulnerable people in Norwich are being targeting by loan sharks offering them credit without checking their ability to repay, it has been claimed.

Parents using personal loans to cover school fees

16 September 2008

Rapid rises in school fees coupled with increases in the cost of living mean many parents are using personal loans to fund their children's education, it has been suggested.

Payday loans 'offered without adequate checks'

10 September 2008

Providers of payday loans are offering credit to consumers without carrying out adequate checks on their ability to repay, it has been claimed.

Cashback offered on M&S personal loans

08 September 2008

M&S Money is offering cashback on the interest paid by customers taking out its personal loans between now and October 29th.

Car buyers counting on personal loans to fund purchases

03 September 2008

More than one in four motorists intending to purchase a new car over the next six months will use a personal loan to fund it, new research shows.

Personal loan rates 'could rise further'

28 August 2008

Personal loans could become more expensive following the news that two major lenders have increased their rates, uSwitch.com has warned.

Personal loan borrowing declining

27 August 2008

Consumers squeezed by the credit crunch are borrowing less on unsecured personal loans, according to new figures from uSwitch.com.

Personal loan rates 'soaring'

22 August 2008

Rates on unsecured personal loans have increased by 1.3% in just over a year and could cost applicants £1.2 million more in interest, uSwitch.com has claimed.

Personal loans 'an option' to fund dream wedding

21 August 2008

A personal loan is seen as one option by couples planning their dream wedding and looking for ways to fund it, it has been suggested.

Shoppers urged to ditch store cards in favour of personal loans

14 August 2008

Shoppers looking to invest in a new wardrobe or make some home improvements this autumn should ditch the store cards and opt for a low rate personal loan instead, it has been suggested.

Personal loans 'better value than dealer finance'

13 August 2008

Personal loans offer better value than dealership finance for motorists thinking of buying a new car, according to uSwitch.com.

Brits use personal loans to fund home improvements

04 August 2008

British homeowners are taking out personal loans to pay for home improvements rather than moving to new properties, research shows.

Debt pressures to increase ahead of Christmas

31 July 2008

British consumers will experience increased debt pressures in the run up to Christmas, according to new research from TDX Group.

OFT to investigate payday loans

30 July 2008

The Office of Fair Trading (OFT) is to launch an investigation into payday loans - short-term personal loans designed to tide consumers over until their next pay packet arrives.

Personal loan borrowing subdued in June

25 July 2008

The rising cost of living prompted more people to reign in the amount they borrow on personal loans and other forms of unsecured credit last month, new figures show.

Government 'to blame' for economy woes

18 July 2008

The government has to step in and ensure that personal debt cannot get out of hand again in the future, a politician has claimed in response to new unemployment figures.

Devon debt problems 'growing'

17 July 2008

Many people in the Devon area have asked for help with their debt problems recently, according to new figures revealed by the Citizens Advice Bureau.

Inflation news 'bad for families'

16 July 2008

Families are unlikely to find any joy in the news that consumer prices index inflation has jumped to 3.8%, the Liberal Democrat Vince Cable has said.

Calls for interest rates to stay low

10 July 2008

There have been calls for the Bank of England's monetary policy committee (MPC) to lower the base rate of interest when it reveals the outcome of its two-day monthly meeting later today.



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