Loans News

24 June: The market is anticipating a reduction in the Bank of England's Bank Rate on 1 August, leading several lenders to cut their fixed-rate mortgage deals.Barclays is leading the charge,...

As the cost-of-living crisis continues to bite, a recent analysis by the Money & Pensions Service suggests that one in five people are now borrowing money to pay for food and other essential...

“Buy Now, Pay Later” (BNPL) is a form of short-term credit that allows consumers to make a purchase and then split the cost into multiple smaller payments and/or pay for the item at a later date. BNPL...

Lloyds UK has reported a 30% jump in the number of its customers seeking debt advice so far this year.The bank, which is the UK’s second-largest with 26million customers, also revealed that 80% of...

Research from a leading anti-poverty charity shows that Brits are taking on growing levels of debt amidst the cost of living crisis.The survey, conducted by the Joseph Rowntree Foundation shows that...

As the cost of living crisis escalates, buy now pay later (BNPL) customers have doubled their use of the payment plans just since February, leaving more than 876,000 now at risk of problem debt.BNPL...

One in five Brits feels “locked out of the financial system,” with millions rejected for bank accounts and loans and forced to borrow from family and friends or rely on high-interest credit.Among the...

From next year buy now pay later (BNPL) providers must conduct affordability assessments before offering customers payment splitting plans, as the sector comes under regulation for the first time.The...

The Financial Conduct Authority (FCA) has urged lenders to be more lenient with borrowers amidst the current cost of living crisis.In a letter sent on Thursday, the FCA called for wider use of...

The High Court has approved a plan by guarantor lender Amigo to set aside £112 million for compensating customers mis-sold loans, taking wronged borrowers one step closer to receiving redress and the...