All the updated news related to personal loans

All the news related to personal loans updated in real time

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Personal Finance

‘Personal loan and credit card rates on the rise’

Average credit card and personal loan rates are on the increase as households grapple with the rising cost of living, according to a financial information website. Across the credit card market, the average purchase APR (annual percentage rate) in ...

27 Jun 2022 at 12:32

Personal Finance

Women and young adults account for high proportion of debt charity’s clients

A relatively high proportion of women and younger adults are seeking help with their debts, according to a charity. More than three in five (63%) new clients are women, StepChange Debt Charity said. Clients aged between 25 and 44 are also ...

27 Mar 2024 at 09:58

City

Metro Bank sells £584m personal loan book amid shift to specialist lending

Metro Bank has agreed the sale of a £584 million portfolio of personal loans as it continues to focus efforts on specialist lending. The high street bank said the sale of the unsecured loans – to an undisclosed buyer – will result in a ...

26 Feb 2025 at 08:27

Personal Finance

Consumer Credit Act will be reformed ‘to keep pace with the modern world’

The Consumer Credit Act, which regulates credit card purchases and personal loans and dates back to the 1970s, is to be reformed to make it fit for modern life, the Government has announced. The move will cut costs for businesses and ...

16 Jun 2022 at 14:33

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