Lenders to Albemarle & Bond appoint PwC
Cash-strapped pawn broker place up for sale at start of week with £50.1m of debts
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Rise of ‘closet borrowers’ who hide debts from their partners
Hundreds of thousands of borrowers don’t tell their households the truth about their debts – even however a single in ten owes far more than £10,000 Photograph: REX Attributes An estimated eleven million people are not telling their partners or household the truth about their borrowing. This secrecy poses…
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Halifax and Lloyds launch versatile loans to assist borrowers decrease debt
Cash MOT: Lloyds and Halifax banks have launched new ‘flexible’ loans, permitting borrowers to repay funds early in order to clear debt faster
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Spend day loans firm fined £175k in excess of spam texts
Very first Financial’s former sole director tried to declare he had no affiliation with the business Photo: PA Pay out day loans firm Initial Fiscal has been hit with a £175,000 penalty after an investigation identified that the organization was responsible for sending hundreds of thousands of unlawful spam…
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Very best personal loan price drops to four.6pc – but for how prolonged?
Borrowing costs on personalized loans has fallen sharply with Tesco and Sainsbury’s battling it out for leading spot. But the ideal bargains may not last Photograph: ANDREW WALTERS / Alamy Costs on private loans carry on to tumble depsite the elimination of the Funding for Lending Scheme (FLS). The…
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Debt prepare 2014: How to tackle Christmas overspending
If you have got your self into debt this Christmas, follow our manual on how to decrease what you owe
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Payday lenders charging ‘unlawful’ default charges
Consumer watchdog Which? calls on payday lenders to lower “extreme” default costs
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A single in five borrow cash to pay out for housing expenses
1000’s of folks are turning to loans to aid shell out their lease or mortgage, says charity Photograph: Alamy 1000’s of folks are struggling to pay out their lease or mortgage loan and are taking out risky loans as a outcome, according to a charity. Shelter located that over…
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One particular in 5 borrow funds to pay out for housing charges
1000’s of individuals are turning to loans to help pay their rent or mortgage, says charity Photograph: Alamy 1000’s of folks are struggling to shell out their lease or mortgage and are taking out risky loans as a consequence, according to a charity. Shelter found that more than the…
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Middlemen ‘pose as payday lenders to siphon off additional fees’
‘Credit brokers’ pretend to be the actual loan provider and include hidden layer of added charges, charity says Photo: Edward Sykes Credit score brokers are preying on funds-strapped borrowers by “posing” as payday lenders and charging unexpected charges for organising loans, in accordance to proof compiled by Citizens Suggestions….
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