It said that the average customer pays £25 too much for a loan, which is equivalent to £9 per £100 borrowed. Home credit lending is carried out by agents who call to a person’s home, offering them unsecured loans at…

The news comes as loan arrears and bad debt judgements are increasing, bringing the number of people with a bad credit history to a high. The Council for Mortgage Lenders (CML) also said that the number of people in mortgage…

The majority of lenders will offer lower rates on larger sums of money, with some tripling rates for those borrowing smaller amounts. Lisa Taylor, an analyst with Moneyfacts, the financial comparison company, said: “Almost all personal loan providers have adopted…

Beccy Boden Wilks of the Money Advice Trust suggested that because lenders adjust interest rates according to the reliability of each borrower those with a recent record of failure will have to pay more to compensate for becoming a greater…

Statistics from the Council of Mortgage Lenders (CML) latest mortgage report show that homeowners paying for their property through mortgages have brought their combined total of debt near to the ten-digit figure. But despite the increase the report points out…

The Commons Public Accounts Committee believes that the HMRC paid around £2.2 billion too much during the 2004 to 2005 period, the same amount as during the scheme’s first year in the previous tax year. “An element of overpayment to…

Following a survey of the country’s financial advisers, the Pru believes that a pension plan, a spot on the housing ladder and the beginnings of personal savings should all be underway before we turn 30. The majority of advisers believe…