Savvy consumers look for best credit deals
Consumers are increasingly taking the time to search out the best deals on personal loans and credit cards.Financial advice site Moneyfacts said since the onset of the credit crunch, Brits who need to borrow money are shopping around for the lowest interest rates.Darren Cook, Moneyfacts spokesperson, said: “The Bank base rate being maintained at a [...]
Publ.Date : Thu, 04 Mar 2010 16:14:06 +0000

Budget 2010: Bailed out banks to lend more to businesses
In yesterday’s Budget, Chancellor Alistair Darling unveiled plans for rescued banks, Royal Bank of Scotland (RBS) and Lloyds Banking Group, to lend more to businesses.In a legally binding agreement, RBS and Lloyds, which are 84% and 41% owned by the taxpayer respectively, were rescued at the height of the financial crisis but there have been [...]
Publ.Date : Thu, 25 Mar 2010 09:01:30 +0000

Microfinance: robbing the poor to feed the rich?
India-based SKS Microfinance has announced an initial public offering (IPO) which is expected to raise $250-$350 million in shareholder investments.The IPO is the first by an Indian microfinance company, and has sparked a debate around the ethics of profiting from the poor.Some argue that the IPO is necessary after microfinance firms (MFIs) reach a certain [...]
Publ.Date : Fri, 09 Apr 2010 10:00:50 +0000

Consumers to save millions under new credit card protection
The Government-led crackdown on credit card companies is expected to save consumers around £300 million a year.The crackdown comes after the Government warned credit and store card firms to “clean up their act” after it launched a review of the industry in a consumer White Paper in July 2009.According to Prime Minister, Gordon Brown, the [...]
Publ.Date : Mon, 15 Mar 2010 12:01:36 +0000

Savvy consumers look for best credit deals
Consumers are increasingly taking the time to search out the best deals on personal loans and credit cards.Financial advice site Moneyfacts said since the onset of the credit crunch, Brits who need to borrow money are shopping around for the lowest interest rates.Darren Cook, Moneyfacts spokesperson, said: “The Bank base rate being maintained at a [...]
Publ.Date : Thu, 04 Mar 2010 16:14:06 +0000

Budget 2010: Bailed out banks to lend more to businesses
In yesterday’s Budget, Chancellor Alistair Darling unveiled plans for rescued banks, Royal Bank of Scotland (RBS) and Lloyds Banking Group, to lend more to businesses.In a legally binding agreement, RBS and Lloyds, which are 84% and 41% owned by the taxpayer respectively, were rescued at the height of the financial crisis but there have been [...]
Publ.Date : Thu, 25 Mar 2010 09:01:30 +0000

Are lenders loosening their purse strings?
Interest rates on personal loans are finally starting to fall.The average interest rate on the top ten loan deals has fallen to 8.35%, the lowest level since the Bank of England reduced the base rate to 0.5% last March.When the Bank of England first lowered the base rate, mortgage and current account providers followed suit, [...]
Publ.Date : Fri, 22 Jan 2010 09:14:18 +0000

Microfinance loans to help needy in Bahrain
A new microfinance bank in Bahrain is set to help thousands of needy families.The Family Bank, a joint initiative between Bahrain’s Social Development Ministry and the Grameen Bank, will offer loans of between 150 and 7,000 Bahrain Dinars (between £250 and £11,500).“The idea is to make needy and creative Bahraini families self dependent by helping [...]
Publ.Date : Fri, 15 Jan 2010 10:41:06 +0000

Savvy consumers look for best credit deals
Consumers are increasingly taking the time to search out the best deals on personal loans and credit cards.Financial advice site Moneyfacts said since the onset of the credit crunch, Brits who need to borrow money are shopping around for the lowest interest rates.Darren Cook, Moneyfacts spokesperson, said: “The Bank base rate being maintained at a [...]
Publ.Date : Thu, 04 Mar 2010 16:14:06 +0000

Student Loans Company provided “unacceptable” service, say NAO
The National Audit Office (NAO) has warned the student loans and grants system is at “substantial” risk of being hit by delays again in 2010.Last year, almost a quarter of a million students were left without cash prior to the start of term, as a new system resulted in delays.The student loans system plunged into [...]
Publ.Date : Fri, 19 Mar 2010 08:15:47 +0000

Microfinance loan rates to be published online
The interest rates charged on microfinance loans given to the rural and urban poor in India will soon be available online.The decision by the newly-formed Microfinance Institutions Network (MFIN), a self-regulatory body, comes after criticism of the excessive rates charged by some microfinance providers.Microfinance institutions (MFIs) in India charge interest rates upward of 24%, significantly [...]
Publ.Date : Fri, 23 Apr 2010 07:48:08 +0000

Consumer borrowing surges in January
Figures from the Bank of England today revealed that British consumers borrowed £500 million in January through credit cards, loans and overdrafts, once repayments were taken into account – the highest level since November 2008.According to the Bank, the increase was almost double the £265 million rise seen in the previous month December, and comes [...]
Publ.Date : Mon, 01 Mar 2010 11:56:01 +0000

Microfinance loan rates to be published online
The interest rates charged on microfinance loans given to the rural and urban poor in India will soon be available online.The decision by the newly-formed Microfinance Institutions Network (MFIN), a self-regulatory body, comes after criticism of the excessive rates charged by some microfinance providers.Microfinance institutions (MFIs) in India charge interest rates upward of 24%, significantly [...]
Publ.Date : Fri, 23 Apr 2010 07:48:08 +0000

Student Loans Company provided “unacceptable” service, say NAO
The National Audit Office (NAO) has warned the student loans and grants system is at “substantial” risk of being hit by delays again in 2010.Last year, almost a quarter of a million students were left without cash prior to the start of term, as a new system resulted in delays.The student loans system plunged into [...]
Publ.Date : Fri, 19 Mar 2010 08:15:47 +0000

Budget 2010: Bailed out banks to lend more to businesses
In yesterday’s Budget, Chancellor Alistair Darling unveiled plans for rescued banks, Royal Bank of Scotland (RBS) and Lloyds Banking Group, to lend more to businesses.In a legally binding agreement, RBS and Lloyds, which are 84% and 41% owned by the taxpayer respectively, were rescued at the height of the financial crisis but there have been [...]
Publ.Date : Thu, 25 Mar 2010 09:01:30 +0000

Savvy consumers look for best credit deals
Consumers are increasingly taking the time to search out the best deals on personal loans and credit cards.Financial advice site Moneyfacts said since the onset of the credit crunch, Brits who need to borrow money are shopping around for the lowest interest rates.Darren Cook, Moneyfacts spokesperson, said: “The Bank base rate being maintained at a [...]
Publ.Date : Thu, 04 Mar 2010 16:14:06 +0000

Microfinance: robbing the poor to feed the rich?
India-based SKS Microfinance has announced an initial public offering (IPO) which is expected to raise $250-$350 million in shareholder investments.The IPO is the first by an Indian microfinance company, and has sparked a debate around the ethics of profiting from the poor.Some argue that the IPO is necessary after microfinance firms (MFIs) reach a certain [...]
Publ.Date : Fri, 09 Apr 2010 10:00:50 +0000

Microfinance loans to help needy in Bahrain
A new microfinance bank in Bahrain is set to help thousands of needy families.The Family Bank, a joint initiative between Bahrain’s Social Development Ministry and the Grameen Bank, will offer loans of between 150 and 7,000 Bahrain Dinars (between £250 and £11,500).“The idea is to make needy and creative Bahraini families self dependent by helping [...]
Publ.Date : Fri, 15 Jan 2010 10:41:06 +0000

FSA delays PPI reforms
The Financial Services Authority (FSA), has announced a delay on its plans to reform the Payment Protection Insurance (PPI) market.The City Watchdog said its consultation will be delayed by six weeks due to a heavy amount of criticism from the financial industry.Under a PPI policy, an agreed sum of money is paid out each month [...]
Publ.Date : Wed, 10 Mar 2010 10:19:54 +0000

Microfinance loans to help needy in Bahrain
A new microfinance bank in Bahrain is set to help thousands of needy families.The Family Bank, a joint initiative between Bahrain’s Social Development Ministry and the Grameen Bank, will offer loans of between 150 and 7,000 Bahrain Dinars (between £250 and £11,500).“The idea is to make needy and creative Bahraini families self dependent by helping [...]
Publ.Date : Fri, 15 Jan 2010 10:41:06 +0000

Budget 2010: Bailed out banks to lend more to businesses
In yesterday’s Budget, Chancellor Alistair Darling unveiled plans for rescued banks, Royal Bank of Scotland (RBS) and Lloyds Banking Group, to lend more to businesses.In a legally binding agreement, RBS and Lloyds, which are 84% and 41% owned by the taxpayer respectively, were rescued at the height of the financial crisis but there have been [...]
Publ.Date : Thu, 25 Mar 2010 09:01:30 +0000