Press releases for unsecured loans

Consumer Morale Suffering Badly (2008-03-05)
The UK economy is running through a critical phase due to the credit crunch and unavailability of loans without security. The consumer morale has dipped down to its lowest.

Banks Start Avoiding Short-term Financing (2008-02-28)
Short term financing has made the UK financial market volatile. To check this vulnerability, FSA has ordered a sharp reduction in the approval of short term financing and unsecured loans.

High Interest Rates Hurting Consumers (2008-01-23)
Lenders have increased the interest rates in higher proportions than the increase in the base rate of interest in the past 14 months.

FSA Fines Firm for Using High Pressure Sales Tactics (2008-01-16)
The UK’s financial services authority has penalised a firm that was using high pressure sales tactics and imparting misleading information to the consumers.

Northern Rock to Pay Back Emergency Loans (2008-01-14)
Northern Rock, one of the largest mortgage lenders in the UK, has sold some of its mortgage assets to pay back the emergency loans taken from the Bank of England.

Borrowers Warned Against Missing Loan Repayments (2007-06-21)
More and more people are failing to make their loan repayments, new figures reveal...

Group Launches to Help US Residents Find More Competitive Rates for Personal or Small Business Loans (2006-10-29)
Virtual Lending Group helps US borrowers compete more effectively for lower interest rate loans on new people-to-people lending marketplace Prosper