Author: Akbar Lashari

The number of applications approved by mortgage lenders has almost doubled in the month of January. Experts believe this increase in consumer demand is due to a more stable political environment as a result of PM Boris Johnson’s win back in December 2019. However, markets continue to suffer due to ongoing fears surrounding coronavirus. Recently […]

The number of people using ‘buy now, pay later’ services to make online purchases has almost doubled in the past year. Experts have credited the increasing popularity of the payment method to the ease of convenience it offers in the online marketplace to Gen Z consumers who are more prone to making snap purchases. Taking […]

Customers who maintain accounts with RBS and Monzo are going to have the ability to check their credit scores without any cost through their apps. Monzo will also offer free advice to customers on steps they can take to improve their credit score. Having access to free credit score checks will help customers save during […]

Tests are being conducted to give out automatic refunds into the bank accounts of those student loan customers who have overpaid their student loans. The SLC aims to reduce instances of overpayments by providing timely intimation to customers to switch over to a Direct Debit facility towards the end of their loan term. The move […]

Recent figures have revealed that those over 70 years of age have 543% more debt than this age group did in 1999. Those in their 60s have also seen a 471% hike. Analysts believe the causes behind this dramatic increase include rising costs of living, including a hike in medical and higher education costs. Longer […]

The decision has come as a result of a lawsuit filed by an advocacy group called Democracy Forward against the CFPB. Previous data has revealed possible discriminatory practices against women and minority business owners during the lending process. The CFPB would now develop a framework to outline rules that would govern the collection and reporting […]

Declining 10-year Treasury yield is driving down mortgage rates. Investors are preferring to invest in safe-haven bonds as a cautionary step to deal with the ongoing coronavirus spread. Experts believe the decline in mortgage rates will sustain for a few weeks, however, rates will jump back up again eventually. According to experts, the mortgage market […]

The acquisition will enable Intuit to progress in the development of an innovative digital assistant that would help customers manage their personal finances in a better way. In 2019, Credit Karma’s unaudited revenue figures reached almost $1 billion, an increase of around 20% from figures reported in 2018. According to Goodarzi, the CEO of Intuit, […]

According to R3, identity management systems developed on its blockchain technology could help pension holders keep track of all pension schemes they hold. The firm believes a major reason why pension pots get lost is that the identities of pension holders are not digitized. However, some experts argue that a centralized database can also resolve […]