Author Archives: author

Zopa loans often repaid early

Whilst many people who want to take out a personal loan still opt for the traditional routes such as High Street banks, another form of borrowing known as peer to peer lending has become increasingly popular over recent years, particularly … Continue reading

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Cash strapped Brits flock to pawnbrokers for loans

Many families and individuals across the UK are continuing to struggle in terms of their finances, with many finding it difficult to make ends meet on a monthly basis. Whilst different people have looked at different solutions to try and … Continue reading

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Many would want to see partner’s credit report before taking out a joint loan

There are many couples who decided to take out finance and credit in joint names, whether this is in the form of a personal loan, bank account, mortgage, car loan or any other financial product. However, it seems that not … Continue reading

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Consumers give away large chunk of PPI

A recent report has highlighted how many people who have successfully claimed compensation for mis-sold PPI on their personal loans are paying out a large chunk of their compensation simply because they went through a third party. Since the banking … Continue reading

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Fall in loan borrowing for December

Figures from the Bank of England have shown that there was a record drop in borrowing levels for the month of December, with consumers reducing their borrowing on personal unsecured loans as well as on other types of finances such … Continue reading

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Now may be the time to consolidate

Recent reports have painted a worrying picture with regards to debt levels amongst households in the UK, with reports that many have seen their personal and household debts soar over the past twelve months as a result of rising living … Continue reading

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Bridging loans expected to increase this year

With the mortgage market still experiencing a lot of restrictions, and many non-homeowners still struggling to get onto the property ladder due to high deposit demands and stringent criteria from lenders, many people who are involved in or wish to … Continue reading

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Payday lenders did booming trade over Christmas

It has been revealed in a recent report that payday lenders enjoyed a booming trade over the recent Christmas period, benefitting from the financial hardship that many households were facing at a time when they needed cash to fund the … Continue reading

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Wonga bows to pressure over student loans

Payday lender Wonga has come under intense fire over recent months due to the crippling rates of interest charged on its short terms loans and the number of people that are finding themselves experiencing spiralling levels of debt after taking … Continue reading

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Personal loan rates getting more competitive

There are many people who are on the lookout for a competitive deal when it comes to personal loans and many of those looking for a loan want to benefit from low interest rates as well as a choice of … Continue reading

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