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22 December 2006
The market for personal loans contracted by 5.6% under pressure from rising interest rates and rising unemployment in 2005, new research from Datamonitor finds
19 December 2006
High APR loans offered by credit lenders are not as dangerous as their reputation has led people to believe, according to national money education charity Credit Action (CA).
18 December 2006
The chancellor has issued his strongest hint yet at a low-rate personal loan designed to help environmentally conscious consumers to make their home greener.
15 December 2006
The Scottish Executive yesterday agreed to underwrite loans for Farepak sufferers which would see them get up to £400 in an unsecured loan to help finance the Christmas period.
14 December 2006
Customers of Cahoot's online bank who took out a flexible loan with it have been left angry and frustrated this week as the bank gave consumers just two weeks notice of its dramatic APR rises
11 December 2006
The Bank of England's (BoE's) monetary policy committee's (MPC's) decision to keep interest rates at 5% came as no surprise to the majority of economic commentators, but with many consumers taking out loans to fund Christmas spending, many now question how long they will stay at current levels.
08 December 2006
Politicians have slammed a credit company for exploiting the victims of the Farepak collapse by offering them a loan which charges a whopping 177% interest rate, a charge which one MP branded as "nothing more than legalised theft".
04 December 2006
The Citizens Advice Bureau (CAB) has issued a warning to consumers not to be taken in by unscrupulous loan providers in the run up to festive season.
01 December 2006
Home credit loans, where small amounts of money are lent out and collected on the consumers' doorsteps, are to be more tightly regulated and forced to share their data under proposals put forward by the Competition Commission (CC).
30 November 2006
Desperate to stay attractive in an increasingly looks-obsessed society, one in five personal loans taken out for cosmetic surgery purposes are taken out by men according to research from Sainsbury's bank.
29 November 2006
Following the decision of AA Financial Services to increase its APRs by 0.1% and Northern Rock and Moneyback bank to raise theirs by 0.2% in the last two weeks, the price comparison and switching website uSwitch.com comments on the end of the sub-6% loans.
28 November 2006
Debt consolidation experts have heralded the impending arrival of Simplified Individual Voluntary Arrangements (SIVAs) as the most effective way of helping consumers consolidate their debt into one, manageable sum.
24 November 2006
A report by the thinktank Social Futures Observatory has suggested that the online community may extend further into the way consumers borrow and save by offering a preferable alternative to high street banks.
22 November 2006
The Trading Standards Institute (TSI) has issued a stark warning to consumers, urging them to not fall for the charms of unscrupulous money lenders in the lead up to Christmas.
21 November 2006
This week is National Consumer Week and consumer groups and organisations are trying to raise awareness on a whole list of issues, from teaching consumers about their rights, to making sure they are not falling victims to con-artists and fraudsters.
17 November 2006
The Association of British Credit Unions Ltd (ABCUL) has welcomed the Treasury select committee's report on financial inclusion, which it believes will strengthen the credit union movement and bring affordable credit and safe savings to more people.
16 November 2006
Global information solutions expert Experian has voiced its concerns over the rising insolvencies in Britain and is urging consumers to analyse all available information before making a decision on any loan or credit agreement.
08 November 2006
Following the price comparison and switching website uSwitch's comments on personal loans yesterday, the banking industry has responded with a defensive message, declaring that they are doing all they can to check up on borrowers.
07 November 2006
Research from the price comparison and switching website uSwitch has revealed that in the last year, almost eight out of ten borrowers were issued loans without the lender carrying out any checks to verify that they could afford to repay the debt.
06 November 2006
Following rumours last week that the Monetary Policy Committee (MPC) might raise the interest rate, economic experts have now declared that the rise to 5% will be a certainty and most predict a further rise in February 2007 as the MPC tries to bring rising inflation under control.
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