Consumer lending boom driven by good lending practices

Joint research published yesterday by the Bank of England blog (BoE) and The Financial Conduct Authority (FCA) shows that the rapid growth in consumer lending has been driven by those with good credit scores. Unsecured loans grew rapidly in 2016/2017 amid concerns that lenders had underestimated their borrowers’ risk. Indeed the BoE even ensuring an […]


Open banking shakes up personal finance

This week a series of new rules are to be introduced to promote ‘open banking’ the aim of which is to give the customer more choice on financial products. It’s one of the biggest changes to modern banking in years and means that customers will be able to share their personal information with companies other […]


Are ‘Guarantor Loans’ bridging the gap?

If someone said to you that they were applying for or indeed already had a ‘guarantor’ loan, what exactly would spring to mind? They cannot afford a ‘real’ loan; they must have really bad credit? It’s just another term for a payday loan? Whatever you may think, the guarantor loans sector is now the fastest […]


Alternatives to high cost overdrafts?

Many of us now use overdrafts as part of our everyday banking, but this could in effect be costing us more than we think and are there any cheaper alternatives? The Financial Conduct Authority (FCA) has already confirmed that overdrafts fees are extremely difficult for consumers to understand, especially when they are ‘unauthorised’. In research […]


Ratesetter receive full FCA approval

Online lender Ratesetter has finally been fully authorised by the Financial Conduct Authority (FCA). Ratesetter is a peer-to-peer lender that offers unsecured loans from its investors to its consumers or businesses. Often the rates are extremely competitive and top a lot of the best buy surveys. Founded in 2010, the company has already lent over […]



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