Personal loan news, Oct - Dec 2005

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Consolidating debts could save you money

23 December 2005

Consumers in the UK could save over £1,000 in interest premiums by consolidating existing debts into one central loan, according to research by Alliance & Leicester.

Millions 'still paying for last Christmas'

21 December 2005

An estimated 2.4 million people in the UK have yet to pay off debts incurred last Christmas, according to new research by debt counselling firm One Advice.

Christmas binging 'could force thousands into bankruptcy'

20 December 2005

Up to 20,000 people could face bankruptcy in the first three months of 2006, with 6,500 insolvencies coming as a direct result of Christmas overspending, a new report from Grant Thornton has claimed.

Last-minute shopping boom as retailers slash prices

19 December 2005

After a tough season retailers have announced a sudden Christmas boom, with shoppers expected to spend about £10 billion this week on last-minute bargains.

Avoid doorstep loans, warns government committee

19 December 2005

Watch out for unscrupulous doorstep lenders this Christmas, a new report by the Housing Corporation has warned.

Internet loans on the up as Britons take advantage of technology

16 December 2005

The number of loan applications completed online in the UK has shot up by 23 per cent in the last 12 months, a new survey by research group GfK has revealed.

HSBC in festive home loan offer

13 December 2005

HSBC has introduced a special deal on home loans in time to coincide with the Christmas shopping period.

Loan insurance policies under scrutiny

12 December 2005

A number of big firms could be hurt by the results of a planned investigation of insurance policies that promise to protect borrowers who can't meet loan repayments.

Loans and cards leading to five-figure debts

08 December 2005

Three million people owe more than £10,000 on personal loans, credit cards and other forms of money lending, according to new research from debt solutions firm One Advice.

Consumer groups call on EC to amend loans and finance strategy

06 December 2005

The European Commission (EC) should do more to give consumers a voice in financial services, consumer groups have said.

Consider debt consolidation loans, customers advised

05 December 2005

Research from Alliance and Leicester has indicated that surprisingly few Britons are looking at debt consolidation loans as a means of condensing all of their monies owed into one.

Shop around for big purchase loans, customers told

01 December 2005

Sainsbury's Bank has implored people seeking out a personal loan to compare interest rates carefully, as people often end up paying over the odds needlessly.

Personal loans popular for funding honeymoons

30 November 2005

Lovestruck Britons are pushing the boat out for the honeymoon of a lifetime – increasingly relying on loans in order to do so.

Student loan debtors could pay the price

28 November 2005

Student loans look increasingly likely to be treated in the same manner as any other after the Student Loans Company (SLC) urged to have its bad debtors blacklisted for future credit.

Home loan figures provide encouragement

25 November 2005

The number of home loans approved for house purchases rose by 22.5 per cent in October, new results show.

cahoot offers new housing loan options

21 November 2005

Internet bank cahoot has announced the addition of several new products to its home loan offerings.

Housing loans remain on solid form

18 November 2005

Lending for house purchases is standing firm despite the traditionally bleak prospects held at this time of year.

Choose loans smartly this Christmas, customers told

17 November 2005

Consumers have been told that smart borrowing will be the key to their ability to survive the inevitably-draining Christmas period.

Two new house loan products unveiled

15 November 2005

Northern Rock has placed another new product on the market in the form of a new buy-to-let mortgage product.

Nationwide seeks to snare loan customers

14 November 2005

Nationwide has reprised an offer designed to encourage consumers to switch to one of their personal loans, with the deal available between now and the end of the year.



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