CCCS: Credit unions may not work for everyone
While there have been a number of "helpful initiatives" undertaken by credit unions in recent times, they may not be a realistic alternative to payday loans for some people, according to a spokesperson for the Consumer Credit Counselling Service (CCCS).
Banks, government 'responsible for credit crunch'
Monetary institutions as well as the government can be partially blamed for the country's current financial situation, it has been claimed.
Secured loans 'are an option for those in debt'
People in debt and looking for an option to alleviate such arrears could turn to a secured loan, according to a financial site.
Graduates 'should not rush to pay debt'
People leaving university do not need to hurry when paying off their student debt, it has been claimed.
Consumers in debt 'have a range of options'
Consumers struggling to meet recent increases in mortgage repayments as well as rising energy and food bills should consider debt consolidation, according to an industry expert.
Motorists 'may miss out through lack of haggling'
Drivers who choose not to haggle when buying a new car could be missing out on significant savings, it has been reported.
February saw 'increased secured loan activity'
The number of secured homeowner loans as well as other forms of lending went up over the course of February, it has been claimed.
Lovers 'often surprised by cost of nuptials'
Getting married in the UK costs more than engaged couples originally think, new research has found.
Student debt on the increase
Those enrolling at university in September 2007 can expect to leave with a debt exceeding £20,000, new research has indicated.
An uncharted past 'leads to future without credit'
New research has indicated that a person without a credit history may find it harder to borrow money or make particularly large purchases, it has been claimed.
BBA: Consumers' appetite for borrowing falls
The level of unsecured borrowing in June remained at a similar level to the previous month, suggesting that consumer demand is slowing, a new report has revealed.
Equity release 'no longer a last resort'
Consumers' perceptions of equity release schemes have changed, according to one expert, who suggested that people no longer see it as a "last resort".
Loans under 6% becoming 'extinct'
Loan interest rates less than six per cent are close to extinction, a consumer organisation has stated.
'Loan rates steady' despite Bank rise
The interest rate increase at the beginning of this month has lead to a rise in mortgage rates, although personal loan rates have stayed the same, according to MoneyExtra.
Small loans more expensive at big banks
Over half a million people who took out loans for less than £5,000 in the past year have, on average, been paying too much interest, according to uSwitch.com.
Real cost of uni far higher than estimated
Both parents and soon-to-be students are underestimating the costs of higher education, new research from the Association of Investment Trust Companies (AITC) has warned.
Borrowers facing 110 fees says survey
The average UK consumer with just five standard financial products to their name faces 110 penalty fees, with even the smartest and most organised struggling to avoid them.
Days of easy credit over claims research
Refusals for new credit cards and personal loans are soaring as banks attempt to stem rising levels of bad personal debt, research has claimed.
Cheap personal loans proliferate
Cut rate personal loans have proliferated, but many people are still failing to make a loan comparison and are accepting expensive deals from their banks, claims new research.
Two million in UK face £10k or more debt says survey
Around two million people in the UK are in debt amounting to more than £10,000 on credit cards, personal loans and overdrafts, debt advice company One Advice has claimed.
Abbey offers baby £20,000 personal loan
Abbey has apologised to the mother of a one-year-old whose daughter had been told by the bank that she was eligible for a £20,000 personal loan.
Competition Commission warns on door step lending
The Competition Commission (CC) has warned people on the lookout for an unsecured loan that they will be paying over the odds if they choose to sign up with a doorstep lender.
Three quarters of IVA applicants 'living beyond means'
Most people who apply for Individual Voluntary Arrangements (IVAs) to sort out their unsecured loans and credit card borrowing say they were simply living beyond their means, says a new report.
Borrowers ripped off 500% on personal loans cover
Consumers could be shooting themselves in the foot by taking payment protection insurance (PPI) from their lender, says a new personal loans market survey.
