Payday Loans or Unsecured Loans?

Payday loans are a product that most of us are familiar with. We may not know the ins and outs but we have all read the headlines, both good and bad. They are aimed at people struggling to wait until their next ‘pay day’ and are usually small amounts of up to £1000-£1500 maximum. However […]

The personal touch, a new way to borrow?

Anyone that has even applied for an unsecured loan knows that it can be very confusing. Not only must you ensure that your credit rating is as good as it can be, you may not actually qualify for the advertised ‘teaser’ rate. Indeed an outright decline can have a negative effect on your credit rating […]

Loans for cars drive household lending

Recently released Bank of England figures show that a surge in loans for new cars was the main reason for a big increase in household lending. A loan for a car is secured against the vehicle you are buying so is classed as a secured loan, as opposed to an unsecured loan which is not. […]