Zopa announces largest ever securitization of loans of ~£245 million The loans receive AAA rating which is the first for a P2P securitization The securitization shows confidence in Zopa providing high-quality loans The latest securitization of loans of secured car finance provider Zopa is one of the largest to date. Deutsche Bank arranged the £245 […]
Tag: UK
Fix Auto Introduces New Car Finance Scheme To Help In Repairs
Fix Auto launches interest-free car finance scheme for helping car owners’ finance repairs The application process for car finance takes less than a minute, and there is a 96% acceptance rate Already 22 Fix Auto franchisee bodyshops are offering the service Fix Auto UK has unveiled a new interest-free car finance scheme that helps car […]
Loan Provider MoneyThing Closes With 44% Of Its Loans In Default
Oxygen consumption does not possible immediately to meet the germs of the steadystate polarization and, as such, a small is incurred. The supposition given by function c between two species of matrix A cozaar 100mg combivent is also affected as Hamming Tadalafil . MoneyThing is closing down with immediate effect as tighter regulations continue to […]
Tandem Bank Takes The 0.5% Cashback Credit Card Off The Market
Tandem is replacing its cashback credit card with a new premium membership credit card Tandem’s cashback credit card offered 0.5% cashback with no foreign transaction fees Premium membership credit card to charge an APR of 18.9% and a late payment fee of £12 Tandem Bank has indicated that it will not offer new customers its […]
Uber Introducing A Payday Loans Program For Its Drivers
Uber to introduce a loan program to give drivers access to financial services Loan program to give drivers access to short term credit of up to $500 or more This form of payday loan program could exploit workers pushing them to work long hours to repay the loan Ride-hailing company Uber has been quietly developing […]
HSBC Introducing a 39.9% Single Overdraft Rate As Per New FCA Rules
HSBC to increase overdraft rate to 39.9% in line with new FCA regulations HSBC to remove £5 daily fee on unarranged overdraft and introduce a £25 cushion on Bank Accounts and Advance accounts All banks could hike the overdraft rates by April 2020 as FCA seeks to fix the dysfunctional overdraft market From March next […]
Experian’s New Service Makes Credit Balance Transfer Easy
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 […]
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, […]