Is cheap credit fuelling our economy?
The financial crisis of 2008 has had wide-ranging and enduring impacts on economies around the world, and the UK is no exception. But one of the biggest legacies of all which it leaves today is that of record-low interest rates, which the Bank of England plunged to new depths shortly after the EU referendum last… (0 comment)

When you’re searching online for a short term loan, it’s safe to say that you’ve probably exhausted all other options. We won’t waste any of your time suggesting that you should try to get money from family or friends. If you had those options, you would have taken them. You probably don’t have family that… (0 comment)

If you need some money in a hurry then it can be very easy to get in to a panic about it. You may think that you will need to just apply to the first lender that you find and hope they get the money to you in time. This may not be the most… (0 comment)

Leading economists have warned that it is unlikely that Britain will retain its AAA credit rating with all three major credit rating agencies through 2013, given the economic climate and the way the UK’s finances are going. This will be a particularly embarrassing development for George Osborne, who has repeatedly claimed that his actions have…

The Consumer Credit Counselling Service (CCCS), a charity which gives advice to people who are struggling with debt and repayments, has warned that many consumers are turning to the more expensive option of overdrafts rather than tackling any gap in their finances with loans or credit cards. Una Farrell, a spokeswoman for the charity, said that “these…

Business credit conditions in the UK are still getting worse the Bank of England has warned. Banks are being much more proactive in trying to call in their outstanding debts from UK companies. New loans for companies are much harder to get, and those companies that are managing to get new loans are paying much…