The rate of unsecured personal loans appears to be on the rise, reaching a nine-year high, in spite of the Bank of England base rate being the lowest it has ever been. This is according the latest statistics from Moneyfacts.co.uk…

Britons have been advised to monitor their credit ratings, as this will help them ascertain the likelihood of being accepted for financial products. Head of loans and debt at moneysupermarket.com Tim Moss described credit scores as “the must-have item for…

Consumers with debt problems have been warned against trying to raise cash by selling gold jewellery to companies advertising on television. Campaign group Which? explained that its investigation of such firms revealed that much better value can be found elsewhere.…

Those who took on credit card debt to pay for Christmas may find their situations exacerbated as interest rates appear to be on the rise. This is according to the Bank of England, which published figures revealing that the average…

Those seeking loans may increasingly turn to supermarket lenders over the next 12 months, as the “marketing potential” for such stores is huge. This is according to banking specialist with Defaqto David Black, who noted that Tesco has announced plans…

Britons have been warned against accidentally slipping into their overdrafts in January without authorisation from the bank. Moneynet.co.uk’s Andrew Hagger recommended that, if people believe this could be a problem, they should contact their lender and arrange for an overdraft…

The government has announced that that it is looking into the practice of logbook lending that allows financial professionals to seize property from those in debt without going through the courts. According to the Financial Mail, consumer minister Kevin Brennan…

Lenders should be “applauded” for the way they have been handling homeowner difficulties this year, a mortgage adviser has said. Andy Pratt of Alexander Hall, one of the leading mortgage brokers in the UK, made this comment after repossession figures…