The Independent | Loans | Latest Loan Market News and Loan Information - From Secured Loans to Student Loans
Lenders continue to play tough with borrowers who have even the faintest stain on their credit record

Credit card rejection hits three million

Hard-line lenders are cherry-picking the best customers as hard-up folk run up record debts

PPI victims let down again by lenders

The City watchdog must name and shame the firms that are failing to treat their customers fairly over compensation for missold payment protection insurance.

What will stop those dodgy payday lenders?

The City watchdog is set to publish new rules for high-cost credit firms. Simon Read asks what they should include

Money Insider: Steer clear of big banks' high rates on small loans

Interest rates are at rock bottom if you're in the market for a five-figure personal loan from your bank. But if you apply to borrow a smaller sum you'll be in for a nasty surprise.

Simon Read: Ten million adults forced to borrow last year

Some 10m people took out a loan in the past 12 months with a third using the cash to pay for food and basic living essentials, according to research by the affordable housing group Circle.

Simon Read: Swinson must deliver on crackdown promise

At the Liberal Democrats party conference this week, consumer affairs minister Jo Swinson promised: "Later this month tough new rules proposed for payday lenders will be published by the Financial Conduct Authority (FCA), which takes over responsibility for the industry from April.

Barclays' rate bungle could cost it £100m

Some 300,000 people who took out personal loans through Barclays are in line for compensation worth hundreds of pounds after the bank admitted it had made mistakes on their paperwork.

Is one-year borrowing worse than a payday loan?

You don't have to pay 5,853 per cent interest to get cash... Chiara Cavaglieri checks other options

Lenders using CPAs to exploit consumers

Hard-up consumers are being exploited by payday lenders who drain their bank accounts using continuous payment authorities (CPAs).

Simon Read: Getting help to the desperate can save their lives

One in three people contacting a debt charity had either attempted or contemplated killing themselves because of their financial problems, figures published this week showed.

Why friends in need are banking on a loan

With payday loan companies charging up to 5,853 per cent APR, more than half the UK's population is turning not just to the bank of mum and dad but the bank of mates too. Around 57 per cent of us "often" lend to friends and family and one in ten have handed over between £250 and £1,000 to loved ones, figures from Gocompare.com reveal. More than a third of us have lent money to pay off someone else's debts and one in four have covered food, shopping or other bills.

More than 32 million people pestered by PPI claims

The Government must give regulators more powers to crack down on unscrupulous claims firms that are contacting consumers without permission, Which? has demanded.

Simon Read: Bailiffs are an upsetting and costly way to collect late debts

I make no apologies for returning to the subject of bailiffs this week. But I will apologise for any suggestion in my column last week that all bailiffs are unscrupulous bullies who are happy to lie their way into people's homes and help themselves to people's treasured possessions.

Simon Read: Is there any stopping the 'borrow now pay later' lot?

With reports that more than 32m people have been on the receiving end of those annoying PPI claims calls, texts and emails, my thoughts return to an email about annoying loan emails I received earlier this week from reader Jonathan Dumbell of Torquay.

Simon Read: No sympathy for dollar financial's £10m-a-year loss

Poor Dollar Financial. The giant American credit firm reported last week that its profits have been hit by the payday loan probe by the Office of Fair Trading.

Money
deals
Money
The City Varieties Music Hall in Leeds is among the attractions
deals
News
i100
Money
Air Asia is offering flights from Thailand to selected destinations from as little as $4
deals
Money
Savings of up to 53 per cent are available on Headworx clothing
deals
Money
Football's back: make sure you net the right TV deal
deals
News
i100
Money
Spin a web to Blinkbox and reel in The Amazing Spiderman 2
deals
Money
Cold comfort: M&S shoppers are being offered half-price lollies
deals
Money
Splash out: at Legoland Windsor you can get a two-for-one deal
deals
Money
Destination Scotland: Virgin is offering a new deal
deals
Money
Bob Bob Ricard's newly opened Club Room
deals
Money
One reader complained that he would be better off if he kept his money by his bed
advice
Money
'The Lego Movie' has been one of the box office hits of 2014
deals
Money
Sir Michael Parkinson, and other well-known people, should think twice before fronting ads for financial products
comment
Money
BA travel rewards are taxiing down the runway
deals
Money
TSB boss Paul Pester wants to take on the high street giants and 'help create thriving local communities all across Britain'
comment
Money
Sony is hoping to attract fans of Wimbledon with its offer
deals
Money
Look before you leap: a travel policy may not pay out if the customer 'hasn’t been very careful' in terms of, say, adventure or alcohol
advice
Money
Nearly time for kick off: Young Brazil fans playing football on the outskirts of Sao Paulo
advice
Financial products from our partners
Property search
On Google+
The Independent
 
The Independent on Google+
i100
i100 on Google+
i Newspaper
 
TheIPaper
The Independent around the web
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Property search
iJobs Job Widget
iJobs Money & Business

SQL Developer - Watford/NW London - £280 - £320 p/d - 6 months

£280 - £320 per day: Ashdown Group: The Ashdown Group have been engaged by a l...

Senior BA - Insurance **URGENT**

£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...

Training Coordinator / Resource Planner - City, London

£35000 - £38000 per annum + Benefits: Ashdown Group: Training Coordinator / Pl...

Data Governance Manager (Solvency II) – Contract – Up to £450 daily rate, 6 month (may go Permanent)

£400 - £450 Per Day: Clearwater People Solutions Ltd: We are currently looking...

ES Rentals

    Day In a Page

    Independent Travel
    Burgundy, the River Rhone & Provence – MS Swiss Corona from £949pp
    Dubrovnik, the Dalmatian Coast & Montenegro from £799pp
    Provence from £599pp
    Apulia, Lecce and Vieste – Undiscovered Italy from £899pp
    Pompeii, Capri and the Bay of Naples from £759
    Classical Spain from £539pp
    Prices correct as of 12 September 2014
    Mystery of the Ground Zero wedding photo

    A shot in the dark

    Mystery of the wedding photo from Ground Zero
    His life, the universe and everything

    His life, the universe and everything

    New biography sheds light on comic genius of Douglas Adams
    Save us from small screen superheroes

    Save us from small screen superheroes

    Shows like Agents of S.H.I.E.L.D are little more than marketing tools
    Reach for the skies

    Reach for the skies

    From pools to football pitches, rooftop living is looking up
    These are the 12 best hotel spas in the UK

    12 best hotel spas in the UK

    Some hotels go all out on facilities; others stand out for the sheer quality of treatments
    These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

    Widespread fear of Isis is producing strange bedfellows

    Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
    Topshop goes part Athena poster, part last spring Prada

    Topshop goes part Athena poster, part last spring Prada

    Shoppers don't come to Topshop for the unique
    How to make a Lego masterpiece

    How to make a Lego masterpiece

    Toy breaks out of the nursery and heads for the gallery
    Meet the ‘Endies’ – city dwellers who are too poor to have fun

    Meet the ‘Endies’ – city dwellers who are too poor to have fun

    Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
    Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

    Ian Paisley’s decision to make peace with his IRA enemies

    His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
    'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

    'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

    Exclusive extract from Janis Winehouse's poignant new memoir
    Is this the role to win Cumberbatch an Oscar?

    Is this the role to win Cumberbatch an Oscar?

    The Imitation Game, film review
    England and Roy Hodgson take a joint step towards redemption in Basel

    England and Hodgson take a joint step towards redemption

    Welbeck double puts England on the road to Euro 2016
    Relatives fight over Vivian Maier’s rare photos

    Relatives fight over Vivian Maier’s rare photos

    Pictures removed from public view as courts decide ownership
    ‘Fashion has to be fun. It’s a big business, not a cure for cancer’

    ‘Fashion has to be fun. It’s a big business, not a cure for cancer’

    Donatella Versace at New York Fashion Week