Rates soaring on personal loans
Consumers taking out a personal loan are “paying through the nose” due to soaring interest rates.Banks are now charging an average APR of 10.32% on personal loans even though the Bank of England’s base rate has been held at a record low of 0.5%.This compares to an average personal loan APR of 8.71% in 2004.“Despite [...]
Publ.Date : Tue, 25 Aug 2009 16:46:22 +0000

FSA reports surge in finance complaints
For the first time ever, the Financial Services Authority (FSA) has published figures showing the number of complaints made to firms in the financial services industry in the 2006-2008 period.The data has revealed an enormous increase in complaints about banking and loan products, revealing a 122% increase – from 608,620 at the beginning of the [...]
Publ.Date : Thu, 03 Sep 2009 16:57:52 +0000

Consumers see few benefits from low base rate
Consumers have seen very little benefit from the Bank of England holding its base rate at a record low of 0.5% for six months, a consumer advice site pointed out this week.Interest rates on savings accounts have dropped, while rates on mortgages, credit cards, and personal loans have continued to rise, said Moneyfacts.co.uk.Research by the [...]
Publ.Date : Thu, 10 Sep 2009 15:03:06 +0000

FSA reports surge in finance complaints
For the first time ever, the Financial Services Authority (FSA) has published figures showing the number of complaints made to firms in the financial services industry in the 2006-2008 period.The data has revealed an enormous increase in complaints about banking and loan products, revealing a 122% increase – from 608,620 at the beginning of the [...]
Publ.Date : Thu, 03 Sep 2009 16:57:52 +0000

Car loans rise following launch of ‘cash for bangers’ scheme
Research from Sainsbury’s Finance has found that since the launch of the Government’s scrappage scheme in May, an estimated £61.2 million of personal loans per month have been taken out to purchase cars, compared with a monthly average of £44.7 million in 2009, prior to the scheme.The scheme, which pays consumers £2,000 to get [...]
Publ.Date : Wed, 28 Oct 2009 08:49:32 +0000

Car loans rise following launch of ‘cash for bangers’ scheme
Research from Sainsbury’s Finance has found that since the launch of the Government’s scrappage scheme in May, an estimated £61.2 million of personal loans per month have been taken out to purchase cars, compared with a monthly average of £44.7 million in 2009, prior to the scheme.The scheme, which pays consumers £2,000 to get [...]
Publ.Date : Wed, 28 Oct 2009 08:49:32 +0000

FSA reports surge in finance complaints
For the first time ever, the Financial Services Authority (FSA) has published figures showing the number of complaints made to firms in the financial services industry in the 2006-2008 period.The data has revealed an enormous increase in complaints about banking and loan products, revealing a 122% increase – from 608,620 at the beginning of the [...]
Publ.Date : Thu, 03 Sep 2009 16:57:52 +0000

Eight-million percent loan shark jailed
A ruthless loan shark who charged his victims interest at up to eight million percent has been jailed for eight months.Ian Jenkins, 43, targeted homeless people in Gloucester with illegal loans to fund their drug and alcohol habits.Taking personal documents and pin numbers as security, he charged 30% interest per day on the loans – [...]
Publ.Date : Thu, 11 Jun 2009 11:08:41 +0000

Lending to businesses falls for second consecutive month
In its latest “Trends in Lending” report, the Bank of England said the flow of credit to British businesses fell to £3.4 billion in May and followed a drop of £6 billion the previous month.During 2007, the normal levels of lending were £7 billion per month and £4 billion in 2008 – when the credit [...]
Publ.Date : Tue, 21 Jul 2009 08:59:13 +0000

Triodos to raise €90m for ethical lending
Triodos Bank has announced plans to issue €90 million of new shares.Money raised from the shares will be used to provide loans to sustainable projects.Set up in 1980, Netherlands-based Triodos provides loans to environmentally-friendly projects such as wind farms and organic agriculture.Since the credit crunch, the company has seen an upsurge in interest in its [...]
Publ.Date : Fri, 02 Oct 2009 12:22:50 +0000

Rates soaring on personal loans
Consumers taking out a personal loan are “paying through the nose” due to soaring interest rates.Banks are now charging an average APR of 10.32% on personal loans even though the Bank of England’s base rate has been held at a record low of 0.5%.This compares to an average personal loan APR of 8.71% in 2004.“Despite [...]
Publ.Date : Tue, 25 Aug 2009 16:46:22 +0000

Consumers see few benefits from low base rate
Consumers have seen very little benefit from the Bank of England holding its base rate at a record low of 0.5% for six months, a consumer advice site pointed out this week.Interest rates on savings accounts have dropped, while rates on mortgages, credit cards, and personal loans have continued to rise, said Moneyfacts.co.uk.Research by the [...]
Publ.Date : Thu, 10 Sep 2009 15:03:06 +0000

Rates soaring on personal loans
Consumers taking out a personal loan are “paying through the nose” due to soaring interest rates.Banks are now charging an average APR of 10.32% on personal loans even though the Bank of England’s base rate has been held at a record low of 0.5%.This compares to an average personal loan APR of 8.71% in 2004.“Despite [...]
Publ.Date : Tue, 25 Aug 2009 16:46:22 +0000

FSA reports surge in finance complaints
For the first time ever, the Financial Services Authority (FSA) has published figures showing the number of complaints made to firms in the financial services industry in the 2006-2008 period.The data has revealed an enormous increase in complaints about banking and loan products, revealing a 122% increase – from 608,620 at the beginning of the [...]
Publ.Date : Thu, 03 Sep 2009 16:57:52 +0000

Triodos to raise €90m for ethical lending
Triodos Bank has announced plans to issue €90 million of new shares.Money raised from the shares will be used to provide loans to sustainable projects.Set up in 1980, Netherlands-based Triodos provides loans to environmentally-friendly projects such as wind farms and organic agriculture.Since the credit crunch, the company has seen an upsurge in interest in its [...]
Publ.Date : Fri, 02 Oct 2009 12:22:50 +0000

FSA reports surge in finance complaints
For the first time ever, the Financial Services Authority (FSA) has published figures showing the number of complaints made to firms in the financial services industry in the 2006-2008 period.The data has revealed an enormous increase in complaints about banking and loan products, revealing a 122% increase – from 608,620 at the beginning of the [...]
Publ.Date : Thu, 03 Sep 2009 16:57:52 +0000

Eight-million percent loan shark jailed
A ruthless loan shark who charged his victims interest at up to eight million percent has been jailed for eight months.Ian Jenkins, 43, targeted homeless people in Gloucester with illegal loans to fund their drug and alcohol habits.Taking personal documents and pin numbers as security, he charged 30% interest per day on the loans – [...]
Publ.Date : Thu, 11 Jun 2009 11:08:41 +0000

Triodos increases UK lending
Ethical bank Triodos increased its lending in the UK by nearly one third in the first half of this year.Current lending by the bank rose to £223 million, with a further £82 million in loan commitments that have yet to be drawn down.This £305 million total represents an overall lending increase of 29% compared to [...]
Publ.Date : Mon, 05 Oct 2009 11:47:48 +0000

HSBC takes responsible lender accolade
HSBC this week secured the title of Responsible Lender of the Year at the Credit Today awards 2009.The commercial and consumer lending magazine applauded HSBC for its conscientious attitude towards lending.Joe Garner of HSBC UK said the bank is “proud” to be recognised for its “approach to responsible lending”.“To us, responsible lending is about knowing [...]
Publ.Date : Tue, 09 Jun 2009 13:07:00 +0000

M&S gives 10% cashback on personal loans
M&S Money is offering 10% cashback to new customers taking out a personal loan.Borrowers will be given a 10% refund on the interest they’ve paid once their final repayment has been made.The offer is available until 11 August, and applies to loans paid back over a period of at least 36 months.Customers who repay the [...]
Publ.Date : Tue, 23 Jun 2009 12:54:44 +0000

Triodos to raise €90m for ethical lending
Triodos Bank has announced plans to issue €90 million of new shares.Money raised from the shares will be used to provide loans to sustainable projects.Set up in 1980, Netherlands-based Triodos provides loans to environmentally-friendly projects such as wind farms and organic agriculture.Since the credit crunch, the company has seen an upsurge in interest in its [...]
Publ.Date : Fri, 02 Oct 2009 12:22:50 +0000

HSBC takes responsible lender accolade
HSBC this week secured the title of Responsible Lender of the Year at the Credit Today awards 2009.The commercial and consumer lending magazine applauded HSBC for its conscientious attitude towards lending.Joe Garner of HSBC UK said the bank is “proud” to be recognised for its “approach to responsible lending”.“To us, responsible lending is about knowing [...]
Publ.Date : Tue, 09 Jun 2009 13:07:00 +0000