Bad Credit Loans :: News

Whether it involves remortgages, credit cards, car loans, college tuition, or just extra cash to help pay household expenses and stave off rising inflation, money is more difficult to come by and will be increasingly scarce as the year progresses. According to the Telegraph, lenders have an estimated £505bn of bad credit loan (sub-prime) liabilities on their books. To solve the problem, banks are offering to sell these damaged assets cut-price. But they are willing to lend investors the money to buy them. ... Read More

As the economic outlook continues to deteriorate, Bad Credit Remortgages from www.loansbadcredit.org.uk/bad-credit-remortgage/ offer a glimmer of hope. Many recent surveys and research reports highlight a troubling fact. The housing market in the UK – already battered by crumbling prices and a lack of affordable loans – is likely to continue its downward slide. The mortgage and property turmoil that began in the USA late last year has gotten progressively worse, despite crisis intervention at all levels of the government. This month housing prices in ... Read More

As reported by the Office for National Statistics, UK consumer inflation just reached its highest level in more than a year, driven by high food and fuel costs. One of the strongest measures of the cost of living, the Consumer Prices Index (CPI) shot up more than it has since 2001. At the same time the Retail Prices Index – which shows movement in prices for average consumers at the retail level – also moved substantially higher. While the data confirmed official fears of ... Read More

With House prices falling, unemployment rising, Bad Credit Loans from www.loansbadcredit.org.uk are fast becoming the only reasonable solution for many consumers. The latest Internal Monetary Fund (IMF) report on the state of the UK economy warned that Britain is on the brink of a housing crisis similar to the one in the USA. House prices have fallen by a quarter, repossessions are at record levels, and unemployment is rising. To add to the problem, the pound has fallen to record lows against the ... Read More

Fears of an official recession have government officials wringing their hands with worry, reports Andy Hygate from www.loansbadcredit.org.uk. But for the average consumer it doesn't really matter what the economists and market pundits predict or declare. Most of the UK population is already experiencing a recession on a personal or household level, and no amount of number crunching or financial juggling will do anything to change that stark reality. One thing that could help, however, is a so-called "bad credit" loan. These are ... Read More

Even if your credit is not great, you can still benefit from a Consolidation Loan explains Andy Hygate from www.loansbadcredit.org.uk, and get out from under an avalanche of rising interest payments. Just when we had hoped for relief, the economic woes seem to accelerate with no end in sight. Combined with growing fears of a recession we now have the disturbing prospect that an imminent recession will be combined with simultaneous price inflation. Commodity prices, for example, are climbing - with some industry ... Read More

Credit problems are increasing dramatically both in the UK and abroad explains Andy Hygate from www.loansbadcredit.org.uk, and even consumers with decent income and substantial assets are severely challenged by the deepening crisis. Major lending institutions are reeling from the catastrophe, including powerful leaders like Barclays and HSBC. Northern Rock has virtually collapsed, and Alliance and Leicester have incurred serious losses. A significant shortage of investment capital for loans now exists, and banks and mortgage companies have tightened their purse strings in an attempt ... Read More

Good news for first time buyers says Andy Hygate from Loans for Bad Credit. The recent credit difficulties are having a knock-on effect on the UK housing market, with Prices now stagnating and/or possibly falling. Latest figures from the Halifax Price index state a fall in November by 1.1%, with mortgage approvals down by a massive 32% from the same time last year (Ref: HBOS house price index). It seems that the increase in lending rates between banks (which are passed on to borrowers), the ... Read More

The fallout from the recent US "Credit Crunch" crisis continues to have far reaching consequences for UK consumers, explains Andy Hygate from Loans for Bad Credit. New evidence has emerged that suggests consumers are finding it increasingly difficult to obtain Loans, regardless of whether they suffer from Bad Credit or not. Latest research from price comparison website moneysupermarket.com, states that to up 48% of loan applications are now being rejected, an increase of 15% that would have been considered prior to August 2007.  The increased ... Read More