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Our Blog

The lending industry in the UK is very fluid and we try to help our customers keep up to date with it by posting some light news stories when they come across our bow.

Sunday, 21 May 2017 15:11

Economic growth worse than feared

We’ve been told for weeks that spending is slowing in the UK as consumers demonstrate nervousness – and today we were given the statistics. Britain suffered a major slowdown in the economy– worse than previously thought – as people started spending less on retail and reigned in the pennies as living costs continued to heighten. The economy ground to 0.3 per cent in the period Jan-Mar which has alarmed economists…
Very soon, our food consumption habits could be changing. For generations, we have always had what we call ‘the basics’ in our fridge – butter, milk, cheese, bread – they have all been permanent fixtures in our fridges for years – until now. The cost of these ‘everyday’ foods is on the rise again. They have been under the cosh for many years, but they are, again, continuing to creep…
Always a controversial topic – money and the amount we earn. But what about the out-of-control executive pay gap that reveals a huge disparity in the ‘fat-cat’ salaries of Britain’s senior bosses and undermines the government’s efforts to create “a fairer society” or an economy that “works for everyone”. Forget the ‘glass’ ceiling in this instance, the ‘class’ ceiling reveals the eye-watering difference in obscene pay and undeserved rewards FTSE…
When people come to us looking for a loan we know that they are here because they are in a sticky financial situation. Some of the situations people find themselves in cannot be helped and it is hard to comprehend just how some people's finances are in dire straits. One of our surveys has shown that one in five people that came to us for a loan last year had…
Millions of families – 19 million people – “just about managing” are on the verge of tipping into poverty, according to the Joseph Rowntree Foundation, who also predicts that it may drastically worsen over the next few years! No wonder, when hundreds, including household names like Debenhams and Subway, fail to pay either the National Minimum Wage or the National Living Wage and the government does little in the way…
When it comes to energy and water suppliers, the buzz word of the moment is smart meters. This revolutionary technology is the way forward according to providers of these two necessities and more and more of us are in line to have it rolled out to us. It sounds pretty straight forward doesn’t it? Smart meters measure exactly what power and water you are using and make life simple for…
Monday, 12 May 2014 18:18

Another Lender Leaves the UK

It comes as no shock to us that another lender has decided to leave the UK's lending market. After all the Financial Conduct Authority has almost taken over the business of lenders, they decide on how many times a business can roll over loans, how many much they can charge for interest and even how fast they can make decisions in. All in all it makes it impossible for lenders…
Wednesday, 19 March 2014 12:04

Budget Day Hits The Poor Again

It is that time of year again when the budget comes and we are hit with more taxes. This year will be no different from the many that have past. Taxes don't usually go up or down, the Government just changes the way in which they raise them. What is almost forgotten in all the media sham is whether or not our national debt is going up or down, or…
Recently David Cameron has been publicly praising what he considers to be a huge success with the Help to Buy scheme. The recent campaign promoting the scheme showed us heart-warming pictures of Cameron and what looked to be a young single mother and her toddler, struggling their way through the world, in need of government help with housing. It has been revealed in an anonymous blog that the poster-girl was…
The pain of physically paying cheques into a bank could soon be over. A new method of processing cheques has been devised and tested over the last two years and it is as easy as taking a picture of it and sending it to your bank. Cheques have almost completely ceased as a method of payment between individuals, except the odd Christmas and birthday. The biggest effect of the change…
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