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Amigo Loans and the dangers of being a guarantor
A new loan company is offering loans without credit checks or fees. The catch? You need to persuade someone who owns their own home to guarantee it.
uk.finance.yahoo.com
Payday loans trapping consumers in a downward spiral of debt
A third of people experienced greater financial problems as a result of taking out a payday loan, according to Which?
uk.finance.yahoo.com
Nationwide Gives Boost To Home Loans By 44%
The Nationwide Building Society has increased home loans by 44%, boosting the number of mortgages provided to first-time buyers.Gross residential mortgage lending rose to £18.4bn in the year to April 4 ...
uk.finance.yahoo.com
Wonga launches business loans service
Loans of up to £10,000 will be available for up to a year but critics say costly borrowing for small firms is 'irresponsible' The high-cost lender Wonga is launching a business loans service, promising to make funds available within 15 minutes of an application. Wonga was reluctant to quote a typical annual percentage rate, or APR, for loans, saying the measure was inappropriate as they could be ...
www.guardian.co.uk
MP Ramps Up Pressure On 'Toxic' Payday Loans
The MP campaigning to cap the charges by payday loans companies has ramped up the pressure on the government ahead of a parliamentary vote. Labour's...
www.huffingtonpost.co.uk
Banks' rising bad loans add to Spanish troubles
MADRID (Reuters) - Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean up the sector. The Bank of Spain said bad loans rose to 8.37 percent of banks' outstanding loans, the highest since August 1994 and up from 8.3 percent in February, which was ...
uk.news.yahoo.com
MP calls for cost cap on payday loans
Labour MP Stella Creasy will call for a cap on payday loan costs when she addresses Government on Monday.
uk.finance.yahoo.com
Consumers ‘trapped’ by payday loans
Payday loans are trapping increasing numbers of consumers in a downward spiral of debt caused by exorbitant penalty charges, a consumer group has warned.
www.shropshirestar.com
MP presses for cap on charges for 'payday' loans
Majority of voters believe a cap should be imposed on costs that can be charged for 'payday' loans, according to Stella Creasy A clear majority of voters believe that a cap should be imposed on the total costs that can be charged for "payday" loans which are creating a "death spiral" in the high street, according to a campaigning Labour MP. Amid evidence that the recession is forcing more ...
www.guardian.co.uk
UPDATE 3-Banks' rising bad loans add to Spanish troubles
* Spanish banks' bad loans rise to 8.37 pct, 18-year high * Spain to name independent auditors for banks on Monday * Goldman to carry out valuation of Bankia-sources * Moody's downgrades 16 Spanish banks ...
uk.finance.yahoo.com
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