Loans

Weekly PPI complaints fall from 12,000 to 5,000

Weekly PPI complaints fall from 12,000 to 5,000

As thousands of borrowers make compensation claims each and every week for payment safety insurance coverage, lenders are facing even larger payouts   Five thousand people complain each week about payment safety insurance (PPI) to the client dispute body, the Monetary Ombudsman Support. Banking institutions have so far paid out…

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Greatest private loan price drops under 4pc

Greatest private loan price drops under 4pc

Individual loan rates fall under the 4pc mark, but the most current offers from HSBC and Tesco could be out of attain to numerous borrowers   Photo: Bloomberg News The unprecedented charges war on private loans has observed the greatest buy drop beneath 4pc for the first time. The intense…

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Calls for investigation into 'misleading' financial institution debt letters

Calls for investigation into ‘misleading’ financial institution debt letters

Wonga sent ‘fake’ debt chasing letters. Banks are now accused of sending letters that wrongly recommended the debt had been escalated to a third party

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Wonga to pay out £2.6m compensation for fake legal letters

Wonga to pay out £2.6m compensation for fake legal letters

Payday loan provider agrees to redress right after it sent letters threatening legal action from produced-up law firms to customers in arrears Wonga,the controversial payday lending company, has been forced to shell out £2.6m in compensation, right after it sent fake legal letters from invented law companies to tens of…

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Most affordable individual loan prices at all-time reduced

Most affordable individual loan prices at all-time reduced

Lenders have come out guns blazing in a battle to supply the most affordable personalized loan price in 2014. The greatest deal is now just 4.1pc   Photo: Alamy The best loan charges have dropped from seven.5pc to just 4.1pc in the previous two many years, as competitors in the…

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PPI claimants 'under compensated by up to £1bn'

PPI claimants ‘under compensated by up to £1bn’

Specialists say banks and credit score card firms have failed to account for regular monthly costs brought on by Payment Protection Insurance   Photograph: Alamy Shoppers who had been mis-sold Payment Protection Insurance coverage (PPI) on their credit cards may have been refunded much less funds than they are owed,…

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PPI victims could be owed thousands of lbs due to underneath compensation

PPI victims could be owed thousands of lbs due to underneath compensation

Professionals say banks and credit score card firms have failed to account for regular monthly charges induced by Payment Safety Insurance coverage   Photograph: Alamy Consumers who have been mis-offered Payment Safety Insurance (PPI) on their credit score cards might have been refunded significantly less money than they are owed,…

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'I want £25,000 for house improvements, must I get one particular huge loan, or two smaller sized ones?'

‘I want £25,000 for house improvements, must I get one particular huge loan, or two smaller sized ones?’

Inquire an professional: We assist a reader who would like to know the least expensive way to take out a personal loan for his property improvements   I am looking to make some improvements to my residence, and would like a loan of £25,000 to support fund the modifications, including…

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Ideal loan charge begins to beat mortgages

Ideal loan charge begins to beat mortgages

HSBC has lowered the charge on its personalized loan to 4.3pc for borrowing in between £7,000 and £15,000. But why are loan prices even now falling?   Photograph: ANDREW WALTERS / Alamy HSBC has lowered the fee on its individual loan to four.3pc on borrowing between £7,000 and £15,000. The…

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Using Short term Loans For Bolstering The Ambit Of Personal Finance

Using Short term Loans For Bolstering The Ambit Of Personal Finance

The gamut of personal finance is quite a multi-paneled, multifaceted and multi-dimensional one. It has numerous laterals, upheavals and scopes. Herein, you have the utility of payday loans, which are also called payday advances in regular language. These are small, short-term unsecured loans. The loans happen irrespective of whether the…

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