The Money Stop » credit

Lending figures expected to see mixed reactions

Reno — Tue, 31 May 2011 12:40:19 +0000

Over the past decade Britain has become addicted to borrowing, and up until the onset of the global credit crisis most people – including those with damaged credit – were able to get finance pretty easily with banks and financial institutions eager to loan money to anyone that wanted it. This has, of course, resulted [...]

Lending figures expected to see mixed reactions is a post from: The Money Stop

Many paying for fuel with credit cards

Reno — Thu, 28 Apr 2011 22:38:29 +0000

For many people credit cards have provided a convenient and simple means of making payments instead of paying cash or using cheques. However, it appears that these days credit cards have become an essential tool to help people afford to fill up their cars so that they can get around. Many people have used their [...]

Many paying for fuel with credit cards is a post from: The Money Stop

Family debt set to spiral

Reno — Fri, 22 Apr 2011 18:31:38 +0000

It has been suggested recently that family debt is set to spiral out of control over the next four years, with families expected to be struggling with average debts of around £84,000 per household. A report claims that the level of total household debt by 2015, including mortgages, loans, and credit cards, will reach an [...]

Family debt set to spiral is a post from: The Money Stop

Loan sharks could become bigger problem because of Christmas

Reno — Thu, 23 Dec 2010 07:43:30 +0000

There are concerns amongst industry officials that problems relating to unlicensed and unregulated loan sharks could get worse as a result of the festive season and the current financial climate. Many people have struggled to get finance such as loans, credit cards, and overdraft, for the past couple of years due to the financial crisis, [...]

Loan sharks could become bigger problem because of Christmas is a post from: The Money Stop

Tighten your spending for next year

Reno — Tue, 30 Nov 2010 17:16:50 +0000

With all the uncertainty over the economy and job losses many people will be stressing over their finances and for many people sorting out their finances for the New Year will be a priority. It is always a good idea to start the New Year with a streamlined budget, as it means that you can [...]

Tighten your spending for next year is a post from: The Money Stop

Mortgage lending in UK to remain subdued

Reno — Sat, 20 Nov 2010 17:11:32 +0000

According to a mortgage industry group mortgage lending in the UK is likely to remain subdued and could go into decline as the year comes to an end. Lenders are said to have loosened up on their restrictions over mortgage lending over recent months following the financial chaos caused by the credit crisis and the [...]

Mortgage lending in UK to remain subdued is a post from: The Money Stop

Finding PPI to suit your pocket and needs

Reno — Thu, 14 Oct 2010 18:35:02 +0000

Many people have heard of Payment Protection Insurance, or PPI, these days, and not necessarily for the right reasons. This is a type of insurance typically taken out with various forms of credit such as credit cards and loans, but has been hitting the headlines with alarming regularity over the past couple of years due [...]

Finding PPI to suit your pocket and needs is a post from: The Money Stop

Millions have a year or more of debt on their cards

Reno — Tue, 05 Oct 2010 19:15:07 +0000

It has been reported that millions of borrowers in the UK have outstanding credit card debts of a year or more, with many only managing minimum repayments on their debts in the current outstanding climate. According to the report more than six million people have had an outstanding balance on their credit cards for at [...]

Millions have a year or more of debt on their cards is a post from: The Money Stop

Government advises consumers to be aware of payday loan risks

Reno — Thu, 09 Sep 2010 15:13:06 +0000

There have been mixed opinions about payday loans over the past year or so, with these loans being highlighted as a result of the rising number of people that have been turning to them because of difficulties in getting credit elsewhere during the recession and financial crisis. Many officials have expressed concern over the rate of [...]

Government advises consumers to be aware of payday loan risks is a post from: The Money Stop

Personal loan rates need to be capped

Reno — Wed, 25 Aug 2010 22:02:23 +0000

Calls have been made for the government to put a cap on the interest rates charged on personal loans. This follows research that showed that most consumers in Britain want to see a cap on the rates of interest that lenders can charge for personal loans. The research was carried out recently by Compass on [...]

Personal loan rates need to be capped is a post from: The Money Stop