Whilst credit conditions have been particularly difficult over the past couple of years, since the onset of the global credit crunch, it has been reported recently that some lenders have been relaxing their loan terms, enabling consumers to enjoy easier access to loans and greater affordability.

According to a recent report whilst loan rates in the UK may have increased recently there are still some decent deals available for a number of consumers.

Whilst it is clear that the ongoing recession is affecting most people in one way or another, particularly in terms of their financial situations and job security, a recent report has said that people that have damaged credit histories and low credit ratings are amongst the groups that will be hardest hit by the recession. [...]

It has been revealed recently that an industry watchdog is going to be keeping a closer than usual eye on loan advertisements and financial comparison sites in order to try and provide consumers with increased protection during the recession.

According to recent reports the PPI ban that has recently been announced by authorities will result in further spikes to loan rates, which many industry officials have said are already spiralling despite the all time low base interest rates, which stands at just 0.5 percent.

According to a recent report lenders have said that there is a good chance that credit will become more readily available for businesses and consumers over the coming months, although demand for credit is likely to remain subdued for some time to come.

According to recently released figures homeowners in the UK have reduced their overall mortgage debt by an impressive £8 billion, even though the financial crisis continues and the country is plunged into recession.

According to recent reports many cash strapped consumers are paying higher than average rates of interest on personal loans, and amongst those being stung by these higher rates are pensioners and those that have a damaged credit rating – groups who are often struggling financially and can therefore ill afford to be paying higher rates [...]

If you are looking to take out a loan, whether secured or unsecured, it is important to do your homework and research the market thoroughly, particularly given the current financial climate, where the cost of borrowing has been rising despite the recent base rate cuts. The global credit crunch has made it all the more [...]

With many consumers unable to get their hands on an affordable loan due to the restrictions that have come about from the global credit crunch, many are turning to more expensive methods of trying to bridge the gap each month when they find that their income does not cover their outgoings. According to some officials [...]

According to a recent report the global credit crunch that has swept across the financial markets in the UK has resulted in a slump in lending levels in the mortgage markets, with a 17% year on year drop indicated in mortgage lending levels. In March the amount lent out in mortgage loans came to around [...]

In the past getting an adverse credit loan could be difficult, and many people with damaged credit found it difficult to get some forms of finance. However, although many lenders would not consider lending to those with damaged credit in the past, and many others charged extortionate rates of interest on loans for those with [...]

A recent report has shown that a worrying number of lenders are failing to carry out important checks into the income of applicants that apply for unsecured finance, and there are concerns that this could lead to many people getting into unmanageable debt levels and could result in an increase in bad debt levels in [...]

It can be very tempting for those with a high level of debt and financial commitment to simply try and ignore their financial worries once difficulties set in. Many people think that burying in their heads in the sand and trying to ignore financial worries means that they will not get stressed over the situation, [...]

Over recent weeks the secured lender, First Plus, which uses the television star Carol Vorderman to advertise its loan products, has been advertising a new loan product, which offers consumers the chance to enjoy a low starting rate of interest on a secured loan. However, the company and the advertisement have come under fire from [...]

According to a recent report the effects of the global credit crunch have gone much further than simply making it more difficult to get finance in the UK. Industry officials claim that many consumers are now committing higher levels of fraud on finance applications as a result of the credit crunch, as they think that [...]

As many people have already discovered getting any sort of finance these days has become far more difficult and far more expensive. The global credit crunch has really taken its toll since last summer, and consumers have had to bear the brunt of the difficulties that have come from the crunch. The cost of borrowing [...]

Anyone that needs to find suitable finance or credit can enjoy a number of options when it comes to finding the right finance package or financial product. Whilst it is certainly true that the number of different financial products, and access to these financial products, has decreased over recent months as a result of the [...]

Over recent months we have all heard about the various effects of the global credit crunch, which has created havoc in the UK’s money markets and has resulted in many changes. One of the major changes that most of us have heard about is the tighter credit conditions that have resulted from the credit squeeze. [...]

It was in the summer of last year when most of us heard the expression ‘global credit crunch’ for the first time. At that time few of us knew just what a dominating force the credit crunch would be in the world of finance, but over eight months later this phenomenon continues to wreak havoc [...]

In a recent announcement the Internet arm of HSBC bank stated that it would be restricting its mortgage lending activities by no longer offering mortgages to those that are not customers of the bank already. Customers of first direct will still be able to access mortgages from the lender even if they do not currently [...]

Despite the two most recent Bank of England interest rate cuts the interest charged on personal loans in the UK is continuing to rise, leaving many potential borrowers facing huge costs relating to their borrowing, The rates on personal loans have been rising for some time, and as a result of the credit crunch many [...]

An unsecured loan is a loan that is based on trust and contract, and unlike a secured loan this type of loan is not secured against any asset. In order to be eligible for an unsecured loan you will usually need to have a good credit rating, as the non-secured nature of the loan makes [...]

Recent reports have shown that the loans market continues to suffer as a result of the global credit crunch, with rates on personal loans continuing to soar despite base rate cuts, and with the number of sub-prime mortgages available on the market falling rapidly. According to industry officials the number of lenders offering sub-prime mortgages [...]

For the last couple of years payment protection insurance, known simply as PPI, has hit the financial headlines on a number of occasions, and this is because of a number of problems that regulators have picked up on with regards the both the sale and the effectiveness of this cover. PPI is a type of [...]

If you are a homeowner in the UK and you are looking to raise finance for one of a wide range of purposes you may be able to enjoy great value borrowing by securing a loan against your home. Your ability to get a secured loan will depend upon the market value of your property [...]

Consolidation of debts is a term that many of us have become increasingly familiar with over recent years, with many of us turning to consolidation in order to try and eliminate higher interest debts. If you are able to get your hands on a low rate consolidation loan with cheap repayments you could really feel [...]

Finding the right loan these days isn’t always difficult because there are so many different loan products available to suit a wide range of needs and circumstances. However, it is important to bear in mind the importance of choosing the right loan product. It is all too easy to rush into taking out finance without [...]

Secured loans are loans that are aimed at homeowners with some level of equity in their homes. Equity is the difference between the market value of your property and the amount that you owe on the property by way of mortgage or other secured loans. Unlike an unsecured loan these loans are secured against the [...]

Many people find the need to apply for a loan in the UK for one reason or another, and there are all sorts of loans available these days from car loans to help you purchase a new vehicle to mortgage loans to buy a new home. You can also find a wide range of other [...]

Many of us find ourselves in need of a loan at some time or another, and there are all sorts of loans on the UK market these days catering for a wide range of needs, circumstances, and purchases. You can choose from two main types of loan these days, and these are secured and unsecured [...]

The variety of loans available on the market in the UK these days means that many of us should have no problems finding the right loan for our needs, although those with poor credit may face more difficulty. In the current financial climate getting a loan can prove a little more difficult because credit conditions [...]

Secured loans have become an effective and affordable way for homeowners to raise finance, and the increase in property values over the past few years has given homeowners in the UK more financial leverage to raise money by way of a secured loan. Secured loans offer a range of benefits, such as increased borrowing power [...]

When you have a number of high interest debts on which you are making repayments each month dealing with your accounts can become tiresome and frustrating. Having to deal with so many payments and creditors can even lead to missed or late repayments, which can add to your debt problems, affecting both your credit rating [...]

There are certain times in life when you should not lie: On your resume, when visiting the doctor, or when applying for a loan. Yet, according to one study, nearly one third of people applying for a loan have lied about some aspect of their history. Why? A need for a loan combined with fear [...]

Chances are if you were shopping for a home theatre system, you would shop around to find the best deal. So why not shop around for a loan?

If you’ve decided to take out a personal loan your committing yourself to a financial agreement that will not only usually last for a period of between 1 and 5 years but also will cost you money in fees and APR charges. Thus most consumers will consider it important to try and get the best [...]