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Peer2Peer Finance News | August 23, 2017

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Personal loans

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

Bank of England takes action to ward off consumer credit boom

June 27, 2017 |

THE BANK of England has expressed concerns about the boom in consumer credit by increasing capital that banks must set aside for losses.

The central bank’s financial stability report showed consumer credit – credit cards, personal loans and motor finance, … Read More

Loan applicants misled by ‘teaser’ rates

March 24, 2017 |

PERSONAL loan applicants feel misled by the ‘teaser’ rates of lenders, research claims.

A report by personal loans company Nava and the Centre for Economics and Business Research (Cebr) found many borrowers are paying almost double the rate advertised.

The report … Read More