It has been revealed that millions of low-income families are turning to doorstep lenders in order to shore up their debt, with some rates as high as 200%.
The report which was published by Save the Children has revealed that as many as 2.3 million borrowers are taking out unsecured loans provided by door to door […]

The global credit crunch that financial institutions are currently suffering is partly a result of the collapse of the sub-prime mortgage sector in the US. This situation has led to massive losses for many financial institutions.
Repossessions in the UK could hit as much as 70,000 in the coming year, which will be the highest rate […]

Figures just released show that the average Briton is now £33,000 in debt, a figure almost twice as much as it was in 2000, when the average Briton then owed £17,000.
The bulk of the increase in debt comes mostly from spiralling house prices and the resultant large increase in mortgages. Many experts are now warning […]

It has been revealed that mortgage lending in the month of January fell by 12% and confirms reports that there has been a slowdown in the house sector.
The total value of mortgages granted in the month of February fell to £29.96bn, which is more that £4bn less than January. The figures which were released were […]

As homebuyers face a market with soaring house prices as well as increased mortgage prices is it worth forgetting about purchasing a house and opting to rent a home instead?
The average house price is currently close to £200,000, base interest rates are at 5.25% and banks are turning away borrowers in droves. With these kind […]

The average Briton owes £33,000 in debt, this is almost twice as much as debt was only seven years ago when the average amount of debt was £17,000.
The large rise in debt is mainly a direct result of increases in house prices in the past decade and things are expected to get even worse in […]

British Gas is sending out strong signals that bills could go up over the year after releasing a statement in which it stated that it is expecting a ‘difficult environment’ for energy in the coming year.
British Gas was the first major UK energy firm to cut prices earlier in 2007, however in recent months the […]

Banks have introduced new restrictions on lending to borrowers who they consider to be high risk. Because of these new restrictions it is expected that in the next few months the number of people seeing their home loan application rejected could go through the roof.
New figures recently released show that almost a quarter of all […]

The gap between how much people earn and the cost of buying a new house has been highlighted with a report out revealing that the average house now costs well over the five times the average first time buyer’s income. Meanwhile the tyical home loan lender only offers four times salary.
The study released by the […]

Roughly a quarter of all working Britons will be refused personal loans, credit cards and mortgages by the year 2011 according to Datamonitor.
It is reported that the number of borrowers blacklisted by mainstream lenders will keep rising over the next four years, growing from 7 million to 8.6 million.
Apparently, more and more of us will […]