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Peer2Peer Finance News | July 21, 2019

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Personal loans

Lending Works loans added to AI-powered comparison website

March 27, 2019 |

LENDING Works has been included on a new personal loans comparison marketplace.

The peer-to-peer lender’s product range is included on a new artificial intelligence-powered comparison website called Monevo.

Borrowers can access personal loans from more than 30 banks and alternative … Read More

Welendus expresses caution over problem debt proposals

November 8, 2018 |

WELENDUS has warned that proposals to provide more “breathing space” for individuals struggling with problem debt could fail to tackle the root causes of the issue.

Amer Bhatti (pictured), chief compliance officer at the short-term peer-to-peer loans provider, suggested more needed … Read More

Lending Works narrows losses in 2017

October 9, 2018 |

LENDING Works narrowed its losses last year, while increasing its headcount.

Small company accounts filed by the peer-to-peer consumer lender for the year ended 31 December 2017 showed a loss of £1.41m, taking its overall cumulative profit and loss account … Read More

Personal loan price war continues despite rate rise

August 29, 2018 |

CONSUMERS may be poised for the cost of borrowing to rise since the Bank of England raised interest rates earlier this month, but so far personal loan rates remain “in freefall”, according to new research.

Analysis from personal finance website … Read More

Consumer credit growth continues to slow

March 1, 2018 |

CONSUMER credit growth slowed at the start of the year driven by a fall in the amount borrowed for personal loans, Bank of England data shows.

The January data reveals consumer credit lending grew 9.3 per cent annually in January, … Read More

Consumer borrowing surges ahead of forecast rate rise

October 30, 2017 |

NEW figures from the Bank of England have revealed that consumer lending rose 9.9 per cent in September compared to the same month last year.

Data from the central bank, released on Monday, showed that net consumer credit increased by … Read More

Bank of England urged to delay base rate rise

October 16, 2017 |

AN INTEREST rate hike before the end of the year is unnecessary and should be avoided, a high-profile forecasting body has warned.

In its Autumn Forecast, the EY Item Club noted that the Bank of England’s Monetary Policy Committee (MPC) … Read More

Warnings raised about ‘unsustainable’ personal loan rates

September 14, 2017 |

Industry figures are divided over whether fears around the current pricing of personal loans are well founded.

Jayne-Anne Gadhia, chief executive of Virgin Money, this week warned that personal loans are currently priced too cheaply and risk another financial crash.

Read More

Can P2P lenders compete on rates in the personal loans market?

September 8, 2017 |

PEER-TO-PEER lenders are facing fresh competition from mainstream providers in the personal loans market after First Direct launched a new market-leading rate for larger loans.

The Leeds-headquartered digital bank, which is an offshoot of HSBC, is advertising an interest rate … Read More

Demand for personal loans continues to grow

August 16, 2017 |

DEMAND for consumer credit continued to boom in June as personal loan and credit card providers reported a 10 per cent boost in business compared with the same month last year.

Figures from the Finance and Leasing Association (FLA) shows … Read More