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Category: Loans

Text spammers fined £440,000

Christopher Niebel and Gary McNeish were part of a growing industry that sends texts to promote compensation claims for personal injury or payment protection mis-selling.…

The packager said the secured loan market was experiencing growth as more intermediaries turned to the sector because of a lack of appetite for capital…

Wonga accused of abusing MP

The Guardian reported today that Wonga admitted yesterday that a “junior employee” might have made unauthorised comments online and would face disciplinary action if found…

High-street lenders’ reluctance to lend has been driving more borrowers to secured loan market. And data from the latest Secured Loan Index shows the amount…

The OFT has written to all 240 payday lenders highlighting its concerns over poor practices in the sector and has opened formal investigations into several…

The household finance index, measuring households’ financial outlook, picked up in November but failed to recover fully from October’s 10-month low. At 41.8 in November…

Matt Tristram, joint managing director of Loans Warehouse, said: “We were delighted with the attandance and positive feeling the Expo always creates. More than ever…

Shawbrook appoints new CEO

Ian Henderson joins Shawbrook from Barclays Wealth, where he held the position of COO. Previous roles include CEO of RBS International, and leading the RBS…

The average loan size provided against these types of assets, including diamonds and sapphires, has risen 151% over the past two years. Paul Aitken, chief…

This followed a survey by Which? that showed 69% of people who took out a payday loan have regretted doing so compared to 31% of…