Personal loan news, Oct - Dec 2006

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M&S defends its personal loans

02 November 2006

Marks and Spencer (M&S) has defended its financial services, including personal loans, after research carried out by consumer group Which? accused some supermarkets of offering financial services it labelled as "a swizz".

Personal loans better than credit cards says ABCUL

01 November 2006

The Association of British Credit Unions Limited(ABCUL) declared yesterday that consumers who are having problems controlling their finances should look to personal loans rather than applying for credit cards.

Borrowers use loans to keep driving

28 October 2006

More Britons than ever are taking out personal loans to keep them on the road, research has found.

BBA: Consumer credit remains subdued

26 October 2006

The British Bankers' Association's (BBA's) net figures for individual lending confirmed this week that consumer credit remains subdued.

Interest rate rise predicted

23 October 2006

Banks are expected to raise interest rates following the decision of the Office for Fair Trading (OFT) to recommend a full investigation of the payment protection insurance (PPI) market by the Competition Commission (CC).

uSwitch comments on OFT announcement

20 October 2006

uSwitch, the price comparison and switching website, has commented on the announcement from the OFT on the payment protection insurance (PPI) market.

Further rate rise "done deal"

18 October 2006

The underlying cost of borrowing is set to rise, analysts widely predict.

Divorcees turn to personal loans

17 October 2006

Divorcees are more likely to rely on personal loans and other forms of borrowing, new research indicates.

Lenders to blame for bad debt

16 October 2006

Lenders should blame themselves for a rise in bad debt, a government minister has argued.

Consumers to spend £69.4bn on new cars

12 October 2006

New research from Sainsbury's Bank has found that consumers intend to spend around £69.4 billion on new cars in the next six months.



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