The last few years have seen the spotlight turned upon what is proving to be a great earner for banks and lenders: Payment Protection Insurance or PPI. From the Office of Fair Trading to the BBC and other media, everyone has been investigating this insurance to discover who really benefits from these insurance packages which [...]

The Competition Commission has just released its report on an investigation into payment protection insurance (PPI), with a particular focus on the sale of cover to consumers. The Commission had been looking into PPI since February of last year and has now released figures claiming that Britons are being overcharged by £1.4bn on PPI every [...]

According to new research many young homeowners are now taking out hefty mortgages without the benefit of payment protection, which may be a high risk for some.  The survey found that around fifteen percent of adults under 35 were willing to borrow more than four times the amount of their annual salary for a home [...]

Payment protection insurance is a type of insurance that insures your repayments should you become injured, if you are in an accident or if you become unemployed.  Typically payment protection insurance covers most kinds of borrowing such as mortgages, credit cards, and personal or secured loans.  As with any insurance, payment protection insurance is offered [...]

Many people are turning to their credit cards to help pay utility bills and consolidate their other loans. This is forcing them further into debt. The credit card companies have promoted credit card schemes as positive methods of reducing debt. However, the hidden fees will sink any card holder into insolvency. The balance transfer con [...]

Personal loans can be used for a variety of reasons, some are used to purchase a new car, others use it to help pay for wedding costs, or as a way to consolidate and pay off debt.  Whatever the reason may be, many people often wonder how much they should borrow and over how long [...]

A Financial Services Authority (FSA) review has concluded that some firms selling payment protection insurance (PPI) are still not treating their customers fairly. There are still three areas of concern which can prevent customers from making an informed decision about PPI. The review found that many firms are not giving customers clear information during the [...]

Moneyfacts has commented on Nationwide Building Society’s recent entry into cashback personal loan provision. Nationwide joins the only other provider of such deals, Moneyback Bank. Moneyfacts has questioned whether cash back personal loans are a good deal or just a gimmick. According to personal finance analyst Michelle Slade: ‘The cash back deals are similar between [...]