New credit tool helping consumers know whether they qualify for 0% interest credit balance transfer Consumers will no longer wait until they finish the application to know whether they qualify for full transfer of credit debt Vanquis to be the first to approve requests of consumers using the Experian credit comparison service It seems the […]
Author: Rebecca White
US Payday Lenders Avoid Interest Caps Through Rent-A-Bank Scheme
Payday loans lenders are facing increasing regulatory scrutiny but have found ways to circumvent regulations Florida online payday loans interest capped between 18% and 30% for installment loans OppLoans and Elevate charging borrowers interest rates of between 99% to 160% Payday loans lenders have been under increased scrutiny for selling consumers expensive loans that they […]
Cazoo Launches Online Used Car Finance Marketplace
Cazoo has launched a car finance platform making the purchase of used cars effortless Cazoo recently raised £25 million from venture capital firms to enhance its operations, marketing, and grow its team The marketplace offers fully inspected cars with home delivery and a seven-day money-back-guarantee Cazoo has launched a car finance platform that will make […]
FCA Puts Payday Lender 247 Moneybox In Joint Administration
The UK’s FCA has placed payday loan lender 247 Moneybox under joint administration 247 Moneybox becomes the latest payday loan lender to go under after QuickQuid also went bust recently Joint administrators to wind down 247 Moneybox business by selling assets The UK Financial Conduct Authority has placed payday loans lender Active Securities Limited under […]
Forget Payday Loans: The Co-operative Bank Has A New Loans’ Service
UK borrowers will soon forget expensive payday loans with new loans marketplace The Co-operative Bank and Freedom Finance launch service allowing borrowers to sift through available alternatives of unsecured personal loans Borrowers to get tailored loans according to their circumstances Several people in the UK rely on payday loans to settle bills or emergencies. However, […]
Staying Fit Gives You 3% Cashback With New Vitality-Amex Credit Card
Vitality and Amex partner to launch Vitality Amex cashback credit card Customers earn cashback on the credit card for exercising and could earn up to £335 annually To take advantage of the 3% cashback customers should hold health and life plans from Vitality American Express and Vitality have partnered to introduce a new cashback credit […]
Halifax Introduces A Variable Rate Mortgage Starting At 0.98%
Halifax launches new variable rate mortgage with an initial rate of 0.98% Mortgage rates have been dropping, but mortgagors prefer fixed-rate mortgages because of certainty in monthly payments Variable-rate mortgages are a massive gamble because they depend on the possibility of base rate dropping Halifax is taking the winter mortgage rate war to another level […]
PeerStreet Marketplace Hits $3 Billion In Loans
PeerStreet showing rapid growth and it has hit $3 billion in loans since 2015 Peerstreet secures $60 million funding and announces $4.25 billion new capital commitments Growth attributed to technology and product innovation PeerStreet has continued to show its meteoric growth with the number of loans transaction on its platform increases. As of last month, […]
Universal Credit Benefits Deducted To Repay Debts and Loans
Over 1 million universal credit claimants have their benefits recouped to settle debts and loans Universal credit is pushing people into poverty instead of helping them Labour Party suggests that it will scrap out universal credit if it wins the upcoming General Election Millions of families on universal credit have their benefits deducted to repay […]
PayPal Acquire Money-Saving Platform Honey For $4 Billion
PayPal has agreed to acquire deal-finding platform Honey for $4 billion PayPal to integrate the money-saving service to its product line and Venmo making it available for its 24 million merchant partners Honey helps online shopping customers find the best promo codes that can save some money Money transfer service company PayPal has always been […]