borrowing debt

Want a loan? Better not mention you’re a vegan

Want a loan? Better not mention you’re a vegan

NatWest has apologised and paid compensation after a woman seeking a loan for a vegan nutrition course was told ‘all vegans should be punched in the face’Name: NatWest loans.Age: First offered in 1970
A credit reference agency is chasing me over a stranger’s debt

A credit reference agency is chasing me over a stranger’s debt

How can they inflict such harassment when I had done nothing wrong?A stranger’s debt from a mail order company has been allocated to my credit report and is affecting my credit rating. It is linked to
UK households lose feelgood factor amid rising debt  – ONS

UK households lose feelgood factor amid rising debt – ONS

Benefits from parts of economy that are performing strongly are not being felt by allBritish households have grown more pessimistic about the state of the economy and their own personal finances,
UK households lose feelgood factor amid rising debt  – ONS

UK households lose feelgood factor amid rising debt – ONS

Benefits from parts of economy that are performing strongly are not being felt by allBritish households have grown more pessimistic about the state of the economy and their own personal finances,
Saga scraps its credit card, leaving customers in the lurch

Saga scraps its credit card, leaving customers in the lurch

Customer anger as over-50s insurance group says decision is not related to BrexitIs over-50s specialist Saga axing its popular platinum credit card because of Brexit? The card is run for Saga by a
UK shoppers rein in credit card use amid fears over economy

UK shoppers rein in credit card use amid fears over economy

Consumer borrowing growth at four-year low, says Bank of EnglandThe boom in consumer borrowing across Britain has cooled to the slowest annual growth rate in four years, according to official figures,
UK shoppers rein in credit card use amid fears over economy

UK shoppers rein in credit card use amid fears over economy

Consumer borrowing growth at four-year low, says Bank of EnglandThe boom in consumer borrowing across Britain has cooled to the slowest annual growth rate in four years, according to official figures,
UK personal insolvencies hit seven-year high

UK personal insolvencies hit seven-year high

Jump in insolvencies follows period of rising inflation and lacklustre wage increasesA jump in personal insolvencies in the fourth quarter of 2018 sent the total number of people going bust last year
UK personal insolvencies hit seven-year high

UK personal insolvencies hit seven-year high

Jump in insolvencies follows period of rising inflation and lacklustre wage increasesA jump in personal insolvencies in the fourth quarter of 2018 sent the total number of people going bust last year
Global recession? Brexit? Don't fret, get a cheap 10-year mortgage

Global recession? Brexit? Don't fret, get a cheap 10-year mortgage

It’s never been cheaper to fix your home loan with decade-long deals as low as 2.44% (and no upfront fees)The world maybe at risk of another financial collapse and Brexit may send the UK economy off a
Global recession? Brexit? Don't fret, get a cheap 10-year mortgage

Global recession? Brexit? Don't fret, get a cheap 10-year mortgage

It’s never been cheaper to fix your home loan with decade-long deals as low as 2.44% (and no upfront fees)The world maybe at risk of another financial collapse and Brexit may send the UK economy off a
Backlog of financial ombudsman cases grows to 30,000

Backlog of financial ombudsman cases grows to 30,000

Whistleblower tells MPs number of claims not yet allocated case officer has risen threefold since 2016Delays in getting a case heard by the Financial Ombudsman Service (FOS) have grown threefold since
One thing to be grateful to Brexit for: Britons are buying less on credit

One thing to be grateful to Brexit for: Britons are buying less on credit

Consumer borrowing is falling, which is no bad thing. But it’s uncertainty, not regulation, that’s acting as the brakeA sharp decline in household spending on the never-never, and especially spending
One thing to be grateful to Brexit for: Britons are buying less on credit

One thing to be grateful to Brexit for: Britons are buying less on credit

Consumer borrowing is falling, which is no bad thing. But it’s uncertainty, not regulation, that’s acting as the brakeA sharp decline in household spending on the never-never, and especially spending
Demand for credit cards and mortgages in UK falling fast, warns BofE

Demand for credit cards and mortgages in UK falling fast, warns BofE

Banks say borrowing on plastic will be lowest since 2007, with mortgages down to 2010 levelBorrowing on credit cards is expected to plunge to the lowest levels since 2007 in the three months before
The sub-prime timebomb is back – this time companies are lighting the fuse

The sub-prime timebomb is back – this time companies are lighting the fuse

Leveraged loans are ringing alarm bells for regulators who fear a repeat of 2008’s mortgage disasterWhen an expert in financial risk at one of the world’s most powerful private equity outfits tells
The sub-prime timebomb is back – this time companies are lighting the fuse

The sub-prime timebomb is back – this time companies are lighting the fuse

Leveraged loans are ringing alarm bells for regulators who fear a repeat of 2008’s mortgage disasterWhen an expert in financial risk at one of the world’s most powerful private equity outfits tells
Payday loan firm accused over 'cynical Christmas ad'

Payday loan firm accused over 'cynical Christmas ad'

Rachel Reeves calls on finance watchdog to intervene over Provident mail-shot for 535% APR loanThe chair of the Commons business select committee has demanded the financial regulator take action
Britain is crippled by record personal debt while the Tories boast of a boom | Maya Goodfellow

Britain is crippled by record personal debt while the Tories boast of a boom | Maya Goodfellow

UK households are taking on more debt than ever to make ends meet. In this climate, rising employment figures mean nothingWith a government torn apart by Brexit and a country falling to pieces because
Average UK household debt now stands at record £15,400

Average UK household debt now stands at record £15,400

Austerity and wage stagnation to blame for ‘crisis level’ unsecured loans, says TUC Britain’s household debt mountain has reached a new peak, with UK homes now owing an average of £15,385 to credit