Archive for the ‘Interest Rates’ Category
Payday loans lenders face OFT penalties
Action is being taken against payday lenders who flouted rules on online advertising in the run up to Christmas.The Office of Fair Trading (OFT) found some were not checking whether customers could afford to borrow or outlining charges for going into arrears. A number were unclear about the loan terms and failed to explain the [...]
January 16, 2012
Tags: bad debts, bank lending, borrowing, consolidate debt loans, Credit Crunch, Debt Consolidation, debt management plans, sub prime loans, UK loans rates Posted in: Borrowing Costs, Credit Crunch, Debt Consolidation, Debt Management, Finance, Interest Rates, Lenders, Online Banking, Payday Loans, Sub Prime Loans, UK Loans Rates, Uncategorized 
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Millions turn to payday loans claim insolvency experts
Millions of Britons are likely to take out a high interest loans in the next six months to last them until payday a group of insolvency experts claims.R3, which represents “professionals working with financially troubled individuals and businesses”, bases its claim on interviews with 2,000 people. Some 60% of those surveyed worried about their level [...]
December 29, 2011
Tags: bankers, borrowing, Credit Crunch, debt management plans, refinancing rates, sub prime loans, uk recession Posted in: Bankers, Borrowing Costs, Credit Crunch, Debt Management, Finance, Interest Rates, Loans Calculators, Payday Loans, Sub Prime Loans, Uncategorized No Comments
Bank of England governor Sir Mervyn King warns of hard times ahead
UK economic growth will be “flat or close to zero” over the next six months Bank of England governor Sir Mervyn King has told MPs.He told the Treasury Select Committee: “The outlook for output growth in the near term is considerably weaker than even three months ago.” Sir Mervyn’s comments came on the day that [...]
December 15, 2011
Tags: Bank of England, bankers, Credit Crunch, Mervyn King, Quantitative Easing, uk recession Posted in: Bank of England, Bankers, Credit Crunch, Interest Rates, Lenders, Quantitative Easing, Sovereign Debt, Uncategorized No Comments
UK interest rates remain on hold at record low of 0.5%
UK interest rates have been held at a record low of 0.5% by the Bank of England’s Monetary Policy Committee.Bank of England UK interest rates have now been held at 0.5% for more than two and a half years Worries about the strength of the economic recovery meant that economists had expected rates to remain [...]
November 24, 2011
Tags: bank lending, Bank of England, Credit Crunch, Interest Rates, UK loans rates, uk recession Posted in: Bank of England, Borrowing Costs, Credit Crunch, Interest Rates, UK Loans Rates, Uncategorized No Comments
Payday loans debt quadrupled advisory service says
The number of people running into debt through payday loans has quadrupled in two years, according to one debt advisory service.Payday loans are small, short-term unsecured loans designed to tide people over until they get their salary. The Citizens Advice Bureau says it is too easy to obtain such credit and is calling for tighter [...]
October 17, 2011
Tags: bank lending, bankers, borrowing, Credit Crunch, debt management plans, Loan calculator, payday loans, sub prime loans Posted in: Bankers, Borrowing Costs, Credit Crunch, Finance, Interest Rates, Lenders, Loans Calculators, Loans Rates, Online Banking, Payday Loans, Sub Prime Loans, Uncategorized No Comments
Bank of England injects further £75 billion into UK economy
The Bank of England has said it will inject a further £75 billion into the economy through quantitative easing (QE).The Bank has already pumped £200 billion into the economy by buying assets such as government bonds, in an attempt to boost lending by commercial banks. But this is the first time it has added to [...]
October 12, 2011
Tags: bank lending, Bank of England, bankers, borrowing, consolidate debt loans, debt management plans, Quantitative Easing, UK loans rates Posted in: Bank of England, Bankers, Banks, Business Finance, Credit Crunch, Finance, Interest Rates, Lenders, UK Loans Rates, Uncategorized No Comments
Bank of England member calls for credit boost
Adam Posen, a member of the Bank of England’s interest rate-setting committee, has said the UK economy needs an instant credit boost.In a speech, he said the Bank should help the government to set up and fund a new bank to boost lending to small and medium-sized businesses. Mr Posen is the only Monetary Policy [...]
September 30, 2011
Tags: bank lending, Bank of England, bankers, banks, Credit Crunch, debt management plans, Quantitative Easing, recession, refinancing rates, UK loans rates, uk recession Posted in: Bank of England, Bankers, Banks, Business Finance, Credit Crunch, Debt Management, Finance, Interest Rates, Loans Calculators, Sovereign Debt, UK Loans Rates, Uncategorized, Unemployment No Comments
Bank of England MPC unanimous in holding interest rates
All nine of the Bank of England’s Monetary Policy Committee (MPC) voted to keep interest rates on hold at its August meeting, minutes have shown.Two members who had regularly voted for an increase to ward off rising inflation ditched their stance in the face of a weaker economic environment. The vote means interest rates are [...]
September 7, 2011
Tags: Bank of England, bankers, debt management plans, Interest Rates, Loan calculator, UK loans rates Posted in: Bank of England, Borrowing Costs, Credit Crunch, Interest Rates, Loans Calculators, Uncategorized No Comments
Federal Reserve expects not to raise loans interest rates until 2013
The Federal Reserve has said it expects to keep loans interest rates at their current low levels until at least the middle of 2013.The US central bank admitted in its announcement that America’s economic growth this year had been “considerably slower” than it had expected. It did not say whether it was considering more quantitative [...]
August 26, 2011
Tags: bank lending, bankers, banks, Credit Crunch, Interest Rates, Loan calculator, loans rates, US loans rates Posted in: Banks, Borrowing Costs, Interest Rates, Lenders, Loans Calculators, Loans Rates, Uncategorized No Comments
Loans interest rates must rise claims top bankers
The Bank for International Settlements (BIS) has warned that low interest rates across the globe are a threat to world financial stability. The BIS has warned that the low cost of borrowing had resulted in a credit and property price boom which was fuelling inflation, especially in emerging economies. Central banks across the globe have [...]
July 6, 2011
Tags: Bankrupcy, banks, borrowing, Credit Crunch, finances, Interest Rates, Lenders, Loan calculator, loans, refinancing rates Posted in: Bankers, Banks, Business Finance, Credit Crunch, Finance, Interest Rates, Lenders, Loans Calculators, Uncategorized, inflation No Comments
