Archive articles - Loans

New era of cheap loans as government launches an affordable borrowing scheme for low earners

It is encouraging that Compass have brought payday loans into the spotlight and highlighted the need for change. However, while the intentions are good, we are concerned some MPs have made a political decision to pick up something that has been on the news agenda and have failed to identify the real issue, which we believe is the lack of transparency around additional fees and costs.

The "cheap money era" is over, says British Bankers' Association (BBA)...

In response to the new findings from Consumer Focus revealing a fourfold increase in the amount of people taking out payday loans over the last four years, Confused.com has added its support to calls for increased clarity and better regulation of this market.

The number of people turning to expensive payday loans has quadrupled in the last four years...

Almost half of all new borrowers in June 2010 have opted for a fixed rate home loan...

For the twelfth month running mortgage lending has increased on the same month in 2009...

Barclays has said that its half-year pre-tax profits soared 44% to £3.9 billion, with its loans book rebounding impressively, as a bumper bank reporting season continues apace.