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Loan News

Inflation Rises to Record High

Inflation Rises to Record High The Office for National Statistics has revealed that rising food and fuel costs caused inflation to leap again.

Loan News posted on 06 August 2008

Britons Failing To Save For Retirement

Britons Failing To Save For Retirement Scottish Widows has published research which reveals that 49 per cent of British workers aren’t putting enough aside for a decent pension.

Loan News posted on 25 July 2008

Government Plans to Relax Rules on Credit Unions

Government Plans to Relax Rules on Credit Unions The proposals aim to enable people struggling with debt or low incomes to obtain credit without falling prey to loan sharks.

Loan News posted on 25 July 2008

Bad Times: News Says UK’s Personal Debt Tops £1,443bn

Bad Times News Says UK’s Personal Debt Tops £1,443bn The Office of National Statistics has published the lending and borrowing figures for the end of May 2008.

Loan News posted on 25 July 2008

Expert Believes the MPC Will Keep Interest Rates Steady

Expert Believes the MPC Will Keep Interest Rates Steady The chief economist at New Star has said that lower growth prospects make interest rate hikes impossible.

Loan News posted on 23 June 2008

Bank of England Issues Warning on Inflation

Bank of England Issues Warning on Inflation The Bank’s second quarterly bulletin of 2008 has predicted inflation exceeding 4 per cent before the end of the year.

Loan News posted on 23 June 2008

Desperate Debtor Stole £21,000 from Employers

Desperate Debtor Stole £21,000 from Employers A former office manager has received a suspended jail sentence after he was convicted of stealing to service personal debts of over £70,000.

Loan News posted on 20 June 2008

Debt Charity Calls For More Help for Hard-pressed Homeowners

Debt Charity Calls For More Help for Hard-pressed Homeowners The Money Advice Trust warned that the number of people facing serious arrears on mortgages and home loans is on the increase.

Loan News posted on 16 May 2008

More Court Orders Securing Debt against Properties

More Court Orders Securing Debt against Properties Government figures have revealed a 100 per cent rise in the number of court orders sought since 2005.

Loan News posted on 02 May 2008

Brits Get Into Debt Trying to Keep Up Appearances

Brits Get Into Debt Trying to Keep Up Appearances A study has revealed that low-income households are increasingly taking out loans and spending on credit cards to maintain a “middle class” lifestyle.

Loan News posted on 25 April 2008

RBS asks Shareholders for £12 billion Investment

RBS asks Shareholders for £12 billion Investment Britain’s second largest bank is offering investors discounted shares in order to shore up its finances.

Loan News posted on 25 April 2008

Chancellor Backs Bank of England’s £50 Billion Plan

Chancellor Backs Bank of England’s £50 Billion Plan A £50 billion scheme aims to increase confidence in the credit markets to make it more attractive for banks to lend money, which should be good news for people in debt.

Loan News posted on 25 April 2008

Abbey Axes Deals as the UK Mortgage Market Shrinks

Abbey Axes Deals as the UK Mortgage Market Shrinks The major lender has pulled all of its 100 per cent deals, completing a trend that began with First Direct last month.

Loan News posted on 11 April 2008

April Debt Statistics Show Debt Soaring in the Spring

April Debt Statistics Show Debt Soaring in the Spring Total personal and household debt continues to rise sharply, along with the interest payments.

Loan News posted on 11 April 2008

New Banking Code to Give Better Debt Protection

New Banking Code to Give Better Debt Protection The new code aims to make banks more responsible for steering account-holders away from the rocks, although customers are still advised to keep a keen eye on their finances.

Loan News posted on 04 April 2008

Bank of England Forecasts Fragile Economy

Bank of England Forecasts Fragile Economy The governor of the Bank of England, Mervyn King, has told MPs of plans to pump more cash into the money markets, along with another possible cut in interest rates next month.

Loan News posted on 04 April 2008

Will the Dreamers See Another Interest Rate Cut This Week?

Will the Dreamers See Another Interest Rate Cut This Week Will another cut in interest rates help this week? For those with poor credit who dream of some help with debt management, the interest rate cut in December must have seemed like a godsend but lenders were slow to pass on the cut, while some opted not to decrease their rates fully. It has been reported that only about two thirds of lenders passed on the interest rate in full to their customers.

Loan News posted on 07 January 2008

Mortgage Concerns May Lead to Less Lending

Mortgage Concerns May Lead to Less Lending The property market may be seen as a less reliable source of equity in 2008 as the rise in house prices slows, mortgage repayments remain high, and the effects of the recent cut in interest rates are yet to be seen fully.

Loan News posted on 13 December 2007

You Don’t Need the Dragon’s Den for a Cheap Secured Loan

Cheap secured loans could be an even more popular method to obtain credit for home improvement, get out of debt, or consolidate repayments into one sum with a lower interest rate, as banks appear to be tightening their policies regarding applications for unsecured loans and credit cards.

Loan News posted on 30 November 2007




 
 

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