Will February’s consumer spending fall drive demand for logbook loans?

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British consumers have been suffering as a result of spiralling rates of inflation and a heightened cost of living for some time now, with recent studies suggesting that this negative trend is unlikely to be reversed any time soon. The parlous state of the global economy continues to hit households hard as the cost of essentials such as food and drink continues to creep inexorably upwards - thus making it important that Britons be aware of the existence of alternative solutions, such as logbook Read more [...]

Citizens Advice calls for OFT action against payday loan companies

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Logbook loans could be seen as a more appealing alternative to payday loans after the tarnished reputation of the latter sector was smeared further by a damning new report from Citizens Advice. The community charity has called on the Office of Fair Trading (OFT) to use its new power to immediately suspend the consumer credit licence of rogue companies to take action against four payday loan providers believed to be perpetrating anti-consumer practices. A dossier of evidence has been submitted by Read more [...]

CBI: UK set for economic growth in 2013-14

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British manufacturing companies are likely to see a return to growth across the country's business sector this year, according to a new report from the CBI. The business lobbying organisation has published its latest economic forecast, which predicts that the UK economy will experience modest growth in 2013, with the pace of expansion quickening in 2014. GDP growth of one per cent has been forecast for the first quarter of the year - lower than the previous prediction of 1.4 per cent, due to Read more [...]

Logbook loans – an alternative to rationing heating in winter?

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One of the main reasons people across the UK might wish to take out a logbook loan at present is the fact the current economic climate has left personal finances so strained that many are having to cut back in various ways in order to get by. For some, this will mean reducing the number of luxury purchases they make, while others will be swapping their regular brands for lower-cost options, but one worrying trend that has recently emerged is the growing willingness of many people to cut back on Read more [...]

Logbook Loans: A way to avoid dealing with big banks

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The global economic crisis has inarguably changed consumer perceptions of many aspects of the financial sector, with the damage done to the reputation of the traditional banks proving to be one of the most prominent trends. Customers who previously regarded brands such as NatWest and Barclays as trusted partners are increasingly turning against these high street giants due to the constant stream of negative headlines they have been attracting over the last few months. A series of high-profile scandals Read more [...]

Payday loans – how to avoid the ‘vicious circle’

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One of the most troubling aspects of the current economic downturn is the increasingly prominent trend of cash-strapped consumers finding themselves being drawn down a slippery financial slope by taking out a payday loan. This form of unsecured short-term borrowing has become more and more popular in recent times, thanks to the high-profile advertising campaigns launched by companies like Wonga, which has sponsored Premier League football teams and primetime ITV1 shows. However, beneath Read more [...]

Swansea Council warns of payday loan risks

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People in Swansea have been reminded that relying on payday loans as a means of balancing the books during the Christmas and new year period is likely to be a losing strategy. Swansea Council is urging local residents to avoid the temptation to take out loans with payday lenders, many of which enjoy a high profile thanks to their expensive TV advertising campaigns and lucrative sponsorship deals, reports the South Wales Evening Post. The mainstream marketing of brands such as Wonga have convinced Read more [...]

Economic woes ‘impacting Britons’ quality of life’

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New figures from Eurostat have indicated that the UK's ongoing economic struggles are having a real effect on living standards. According to the European Union's statistical body, Britain has dropped two places in the latest league table for quality of life. The country now lies in sixth place, having been overtaken by Austria and Germany. Eurostat reported that the top three European countries for living standards in 2011 were Luxembourg, Norway and Switzerland. In the UK, actual individual Read more [...]

How to Get a Guarantor Loan Online

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Getting a guarantor loan online is much easier than it used to be, not because lending criteria has reduced drastically but because more and more companies are offering the product, and some of these companies are offering simple, slick online application processes. In some cases the lenders are even offering same day payouts on the loans. Step 1 – Find a Guarantor Loan Lender Your first step to getting your loan should be to find a lender. You can do this in many ways: Comparison Websites Websites Read more [...]