Author: Rebecca White

Growing Market Concerns Following Declining UK Mortgage Lending To A Six Month Low

In September the proportion of new mortgages in the UK approved by banks dropped to a new six-month low. However, there was a significant increase in annual numbers by around 13.5%. This is an indication that the UK property market is decelerating owing to the uncertainties surrounding Brexit. New home mortgages decline in September According […]

UK Payday Loans Lender QuickQuid Goes Into Administration As Customer Complaints Pile

The UK’s largest Payday loans lender QuickQuid is to close which will leave several complaints regarding its lending unresolved. The payday loans company has indicated that it will be folding from the UK market because of regulatory uncertainty. Payday loans lenders mis-sold customers unaffordable loans Customers raised complaints that the lender offered them loans that […]

The UK Financial Conduct Authority Bans Commissions Paid On Car Finance Agreements

The UK Financial Conduct Authority has announced a ban on car finance commission following complaints that dealers are exploiting customers. Broker and retailers have received criticism of pushing buyers into high-interest rates as a way of boosting kickbacks. FCA bans car finance commissions The decision to ban dealers from earning commission on car finance will […]

Google Cracks the Whip On Payday Loans By Banning apps In App-Store

Google announced recently that it had banned payday loan apps from its apps store. This is a move that the company has taken as a way of fighting predatory loans in a better way. The company indicated that they were banning all apps offering harmful or deceptive payday loans with interest rates higher than 36%. […]

Payday Loans Are Preying On Borrowers In Kansas, Non-Profits Call For Tighter Regulation

Payday loans are there to save a situation whenever things get worse and no one is ready to loan you. However, these loans do attract significantly high-interest rates on the money borrowed and can leave one dry. Kansas had 685,000 payday loans last year Several people rely on the payday loans to pay off debt, […]

Funding Circle Announce A 30% Increase In Loans Under Management After A Turbulent Year

Peer-to-peer lender Funding Circle has indicated that loans under management had hit £3.7 billion and that it is on track of its 2019 guidance. The company has had a turbulent 12 months with its shares dropping more than 75% from a year ago. Funding Circle’s loans under management increase to £3.7 billion Funding Circle which […]

First Direct To Relax Its Credit Requirements For Customers With Bad Credit Score

Internet-based bank First Direct will start allowing customers with bad credit histories to open accounts. This is in a bid to help them in boosting their credit scores going forward. The bank plans to have a makeover so that it can be accessible to many people. This will thus help the bank to take on […]

A Balance Transfer Credit Card Could Help You Save On Interest

Sometimes having a huge credit card balance with a high-interest rate may appear impossible to pay off. However, you can save yourself from this by having a low-interest rate credit card to which you can transfer the balance to. Consequently, this will help you in saving money and settling your balance earlier. Balance transfer credit […]

This Is What Happens To Your Health Savings Account (HSA) When You Quit Your Job

Health Saving Account (HSA) is portable and it offers a multifaceted solution that helps in saving for future expenses in healthcare and retirement. Regardless of how you opened the account even if it was with an HDHP from your former job you will still keep your HSA. Your money in HSA enjoys tax benefits Interestingly […]