Personal loan news, Oct - Dec 2007

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Darling comments on banks collapse

26 October 2007

The chancellor of the exchequer, Alistair Darling, has said that the UK banking system should be reformed in the wake of the Northern Rock crisis.

'Men deeper in debt' says new report

25 October 2007

Men suffer from a debt burden as much as 20% higher than women, new research from Chiltern suggests.

Crunch hits consumers with credit 'to fall'

24 October 2007

One of the nine-member panel which decides the base interest rate in the UK has signalled that an impending rate cut is unlikely.

Unsecured loans less in demand from homeowners

22 October 2007

British homeowners are saving less as a result of interest rate rises, research from Alliance & Leicester (A&L) shows.

Personal loans rate rises revealed

22 October 2007

UK providers have ramped up the cost of personal loans far beyond the recent base rate rise, a report from uSwitch has revealed.

Britons 'take out loans to fund plastic surgery'

16 October 2007

Body-conscious Brits are taking out personal loans in order to pay for expensive plastic surgery, Abbey has said.

My Budget Day launched

15 October 2007

Insurance firm AXA have announced the launch of My Budget Day, a special day of events which they hope will encourage Britons to take charge of their personal finances.

Med students face heavy debts

12 October 2007

Medical students, who study over a longer period than for almost any other degree discipline, are facing huge debts from their student loans as they leave university.

ASA slams loan advert

11 October 2007

Unsecured loans company Picture Financial Services has been censured by the Advertising Standards Authority (ASA) in a ruling yesterday.

Survey: 'One third' of young in debt

08 October 2007

A new survey from youth charity Rainer shows a wide-spread debt problem among 18-24 year olds in the UK.

Students take out loans to learn

05 October 2007

Nearly six out of ten parents have admitted that their children will need to take out a student loan in order to cover the cost of going to university, research from Halifax has revealed.

Bank of England expected to hold interest rate

04 October 2007

The Bank of England (BoE) is widely expected to keep interest rates at their current level as it holds its monthly Monetary Policy Committee (MPC) meeting later today.