In the fourth quarter of last year the UK economy finally returned to growth, after the deepest recession since records began more than half a century ago, but at a far weaker rate than expected.
The economy grew by 0.1 per cent in the final three months of the year but was well below the 0.4 per cent expansion forecast by economists.
[Read More...]

More people are being encouraged to resort to thier credit cards for borrowing money. [Read More...]

Nationwide has introduced a new personal loan rate of 7.6% APR typical for loans of between £7,500 and £14,999 for up to five years for its main FlexAccount customers.
[Read More...]

Research from Sainsbury’s Finance has found that since the launch of the Government’s 'Cash for Bangers' scheme in May, an estimated £61.2 million of personal loans per month have been taken out to purchase cars, compared with a monthly average of £44.7 million in 2009, prior to the scheme. [Read More...]

According to Equifax, people wishing to apply for a loan or other credit should always be truthful with money lenders. Pointing to research carried out by UK fraud prevention service CIFAS, the credit reference company revealed that an increasing number of Britons are telling lies on borrowing paperwork. [Read More...]