Both demand for and approval of small business loans declined in the U.S. in April, according to a recent survey from Biz2Credit, a result of increased fees and poor job creation numbers. The Biz2Credit Small Business Lending Index reported that big banks (those with more than $10 billion in assets) approved just 10.6 percent of [...]
The Financial Services Authority (FSA) have warned in a new report, that many consumers are at risk of being sold financials products that they don’t need. Many customers are looking around for the best deals at the moment because of the slow economy and financial problems. However, when doing this, many are getting products which [...]
After a few months of small gains, sales of existing home sales dipped in February, according to the National Association of Realtors, as the number of underwater homeowners reached a three-year peak and foreclosures continue to make up a significant market share. The NAR reported, as quoted in a Washington Post, that existing-home sales fell [...]
The UK Government recently announced a scheme offering help to those seeking to buy new homes. One of the major benefits for consumers is the availability of 95% mortgages, which have become increasingly difficult to secure since the financial collapse. As a result, home buyers won’t need to save for 10, 15 or 20% deposits, [...]
American consumers are turning back to credit cards in full force, according to new data from credit card comparison website CardHub, indicating that there never truly was a downward trend in credit card spending. The website says that during 2011, consumers charged $48 billion in new credit card debt. That is 424 percent more than [...]