The Office of Fair Trading has sent out a reminder to remind secured loans firms of the regulations they must adhere to.
The OFT said that despite good practice in the secured loans sector in terms of customer care, management of arrears and selling techniques, there is still room for improvement.
The OFT commented: “Responses to the [...]

A consolidation loan does exactly as its name suggests: if you are struggling with a number of small debts from a variety of lenders, a consolidation loan brings all of these debts together. It can be difficult to keep up when paying varying amounts to several lenders; timings rarely work out well for you, and [...]

Homeowner loans are a kind of secured loan which give you greater access to credit than many of the alternatives. If you need to borrow money, there are a number of routes you could go down. At the simplest, your bank will offer an overdraft facility. This may not be much, but if you only [...]