1 Stop Finance Shop Latest Loans News

New figures out from the leading high street banks show a gloomy picture of low profits and high numbers of bad debts.
Uswitch.com, the price comparison website, claims that close analysis of figures released by banking giant, Barclays, shows a shocking £2.795 billion in write-offs from bad debt from unpaid overdrafts, personal loans and credit cards.
“With […]

Economists are doubtful that the Bank of England will cut the base rate in July after leaving it standing at 5% when the committee met earlier this month.
Reuters news agency took a poll of what economists were predicting would happen with interest rates and the majority are expecting rates to be held following the next […]

Banks are desperately trying to weed out bad debts and as a result some borrowers are facing the prospect of having to repay their debts early and suffer pre-emptive cuts in their borrowing.
It has become increasingly apparent in recent months that banks have become extremely wary of bad debt and in response to this fear, […]

It has been reported that consumers as well as small businesses are being made to suffer for weeks from a critical shortage of cash before their banks are agreeing to reimburse them for fraud.
Banks have been accused of dragging their heels when it comes to refunding customers who have had their money fraudulently taken from […]

The recent uncertainty in the market as a result of the crisis to hit Britain’s fifth largest mortgage lender, Northern Rock, has spurred the government into action in a bid to restore continuing and growing uncertainty in the market.
The plans by Chancellor Alistair Darling will see protection increase for savers by ring fencing deposits in […]

The uncertainty created in the housing market as a result of the crisis affecting Northern Rock resulted in thousands of people who had been planning to buy new homes have decided to put their plans on hold for the time being. Now Nationwide, the UK’s biggest provider of home loans, has announced plans to tighten […]

Warnings are being sounded by experts that homeowners should be cautious of stealth charges by banks who are desperately looking for alternative ways to tie up losses as a result of problems in the sub-prime market.
The current credit crunch which is sending shockwaves through financial markets, and has pushed inter bank lending through the roof […]

There has been a lot of controversy in recent months over the amount banks are charging us for going over our credit card limits. A test case is in the high court at the moment and the outcome of that case will be the deciding factor, with regards to whether or not the fees are […]

According to a new survey published by the Daily Mail, HSBC has some of the best offers on the market when it comes to certain financial products. However, when you look at some of the other products used in the comparison, they are the worst on the market. It is pretty much the same story […]

Online networks such as MySpace, Hi5 or BeBo have become a popular thing amongst many internet users.  Currently the biggest fad is a network called Facebook.  This network phenomenon has got millions on people joining and building their own little online communities of friends, colleagues and relatives.  With over 30 million users Facebook is considered […]