Loanconsolidation

?Era of debt-fuelled consumerism over?
The era of debt-fuelled consumer spending is over, a financial expert has claimed, pointing out Britain’s consumer debts of nearly £1.5 trillion.Tim Moss, head of loans at moneysupermarket.com, seemed to be talking himself out of a job by claiming consumers can no longer afford to fund purchases on borrowed money.Consumers must face up to their [...]
Publ.Date : Wed, 14 Jul 2010 07:48:01 +0000

FOS sees rise in PPI complaints
The Financial Ombudsman Service (FOS) said it dealt with a total of 925,095 queries from consumers in the last financial year – a 46% increase on the previous financial year.However, it said it resolved a record number of disputes (166,321) and in 50% of these cases, consumers were awarded compensation.It did highlight, though, that [...]
Publ.Date : Wed, 19 May 2010 08:41:26 +0000

Students to face higher interest rates on loans
The Russell Group, which represents 20 elite, research-intensive universities, has suggested that graduates may have to start paying back their student loans earlier and at a higher rate of interest, in order to prevent a major funding crisis.Following an official review of student finance and fees, the group warned that the financial sustainability of the [...]
Publ.Date : Fri, 14 May 2010 09:23:32 +0000

Microfinance defies economic slowdown
Microfinance is one of the few sectors to have escaped the impact of the financial slowdown, according to a new report published this week.Unitus-Hewitt Microfinance Compensation & Benefits Survey found employee compensation in India-based microfinance institutions (MFIs) has held steady through the recession.Looking at employee compensation is a considered a reliable measure of how much [...]
Publ.Date : Tue, 08 Jun 2010 08:44:56 +0000

Triodos and Charity Bank on track for record lending
Mid-year figures from Charity Bank and Triodos Bank show both lenders are on track for a record year of lending.During the first six months of this year, Charity bank agreed £20.9 million of new loans. This is compared to a total of £22.9 million for the whole of 2009.Figures from Triodos show new lending [...]
Publ.Date : Tue, 20 Jul 2010 15:46:10 +0000

?Era of debt-fuelled consumerism over?
The era of debt-fuelled consumer spending is over, a financial expert has claimed, pointing out Britain’s consumer debts of nearly £1.5 trillion.Tim Moss, head of loans at moneysupermarket.com, seemed to be talking himself out of a job by claiming consumers can no longer afford to fund purchases on borrowed money.Consumers must face up to their [...]
Publ.Date : Wed, 14 Jul 2010 07:48:01 +0000

Competition Commission step nearer to banning PPI
The Competition Commission is pressing ahead with its proposal to ban the sale of the controversial payment protection insurance (PPI).Under a PPI policy, an agreed sum of money is paid out each month to fully cover, or cover a percentage of the payment due on your mortgage or loan if you are unable to work, [...]
Publ.Date : Sun, 16 May 2010 17:15:27 +0000

Microfinance defies economic slowdown
Microfinance is one of the few sectors to have escaped the impact of the financial slowdown, according to a new report published this week.Unitus-Hewitt Microfinance Compensation & Benefits Survey found employee compensation in India-based microfinance institutions (MFIs) has held steady through the recession.Looking at employee compensation is a considered a reliable measure of how much [...]
Publ.Date : Tue, 08 Jun 2010 08:44:56 +0000

Debt-fuelled Brits risk holiday hangover
One in three Brits risk a financial holiday hangover by paying for their holiday using debt, according to new research.Research by Bright Grey found 32% of holidaymakers will pay for this summer’s break using a credit card, travel agent payment plan, or by borrowing money from family and friends.Sun-seekers will borrow an average of £1,200, [...]
Publ.Date : Tue, 13 Jul 2010 14:10:45 +0000

PPI rarely provides adequate cover
“Onerous clauses” on payment protection insurance (PPI) mean that borrowers unable to pay back their loans rarely receive an insurance payout, a finance expert has claimed.David Kuo, director of Motley Fool, said consumers are being duped into believing PPI will cover them if they have legitimate reasons for failing to make loan repayments.“Borrowers think, ‘Oh, [...]
Publ.Date : Fri, 21 May 2010 07:59:52 +0000

?Era of debt-fuelled consumerism over?
The era of debt-fuelled consumer spending is over, a financial expert has claimed, pointing out Britain’s consumer debts of nearly £1.5 trillion.Tim Moss, head of loans at moneysupermarket.com, seemed to be talking himself out of a job by claiming consumers can no longer afford to fund purchases on borrowed money.Consumers must face up to their [...]
Publ.Date : Wed, 14 Jul 2010 07:48:01 +0000

Zopa offers an alternative for high-risk borrowers
Savers wanting to earn a good rate of interest while avoiding high street banks now have an alternative option.Zopa matches up people who have spare cash to lend with those who want to borrow money.John Hudson, professor of economics at Bath University, hailed Zopa as “a new way of borrowing and lending money”.Zopa “shows what [...]
Publ.Date : Tue, 04 May 2010 06:24:13 +0000

FOS sees rise in PPI complaints
The Financial Ombudsman Service (FOS) said it dealt with a total of 925,095 queries from consumers in the last financial year – a 46% increase on the previous financial year.However, it said it resolved a record number of disputes (166,321) and in 50% of these cases, consumers were awarded compensation.It did highlight, though, that [...]
Publ.Date : Wed, 19 May 2010 08:41:26 +0000

Competition Commission step nearer to banning PPI
The Competition Commission is pressing ahead with its proposal to ban the sale of the controversial payment protection insurance (PPI).Under a PPI policy, an agreed sum of money is paid out each month to fully cover, or cover a percentage of the payment due on your mortgage or loan if you are unable to work, [...]
Publ.Date : Sun, 16 May 2010 17:15:27 +0000

Debt-fuelled Brits risk holiday hangover
One in three Brits risk a financial holiday hangover by paying for their holiday using debt, according to new research.Research by Bright Grey found 32% of holidaymakers will pay for this summer’s break using a credit card, travel agent payment plan, or by borrowing money from family and friends.Sun-seekers will borrow an average of £1,200, [...]
Publ.Date : Tue, 13 Jul 2010 14:10:45 +0000

Microfinance defies economic slowdown
Microfinance is one of the few sectors to have escaped the impact of the financial slowdown, according to a new report published this week.Unitus-Hewitt Microfinance Compensation & Benefits Survey found employee compensation in India-based microfinance institutions (MFIs) has held steady through the recession.Looking at employee compensation is a considered a reliable measure of how much [...]
Publ.Date : Tue, 08 Jun 2010 08:44:56 +0000

PPI rarely provides adequate cover
“Onerous clauses” on payment protection insurance (PPI) mean that borrowers unable to pay back their loans rarely receive an insurance payout, a finance expert has claimed.David Kuo, director of Motley Fool, said consumers are being duped into believing PPI will cover them if they have legitimate reasons for failing to make loan repayments.“Borrowers think, ‘Oh, [...]
Publ.Date : Fri, 21 May 2010 07:59:52 +0000

PPI rarely provides adequate cover
“Onerous clauses” on payment protection insurance (PPI) mean that borrowers unable to pay back their loans rarely receive an insurance payout, a finance expert has claimed.David Kuo, director of Motley Fool, said consumers are being duped into believing PPI will cover them if they have legitimate reasons for failing to make loan repayments.“Borrowers think, ‘Oh, [...]
Publ.Date : Fri, 21 May 2010 07:59:52 +0000

Students to face higher interest rates on loans
The Russell Group, which represents 20 elite, research-intensive universities, has suggested that graduates may have to start paying back their student loans earlier and at a higher rate of interest, in order to prevent a major funding crisis.Following an official review of student finance and fees, the group warned that the financial sustainability of the [...]
Publ.Date : Fri, 14 May 2010 09:23:32 +0000

Debt-fuelled Brits risk holiday hangover
One in three Brits risk a financial holiday hangover by paying for their holiday using debt, according to new research.Research by Bright Grey found 32% of holidaymakers will pay for this summer’s break using a credit card, travel agent payment plan, or by borrowing money from family and friends.Sun-seekers will borrow an average of £1,200, [...]
Publ.Date : Tue, 13 Jul 2010 14:10:45 +0000