One respondent felt that a business entering into the supply of loan, particularly to non-status borrowers, would find it difficult to raise finance externally and that there was a limited pool of staff with the necessary expertise, so that recruitment could be difficult... This will be the case with the many lenders, offering different products relevant for loan, who now practise personal risk-based pricing... You may have to pay an early redemption charge, but it is often worth repaying the loan early nevertheless... A consumer education strategy is being developed by a national group of public and private sector members, chaired by the OFT's Executive Director... http://www.loans-in-uk.co.uk/loans
The OFT strategy will mesh with the FSA financial capability strategy... The OFT has recommended to the DTI's CCA Review that it should consider equivalent protection for all second charge mortgages and unsecured credit... http://www.homeowner-loan-1.co.uk/loans
This limits the amount of analysis possible and the weight that can be attached to the results on the usage of credit cards for loan... Return it to the credit card company or store, or cut it up, so that you are not tempted to put anything else on it... Larger loan typically required some kind of supporting documentation, though this varied from business cards, to an accountant's letter, to a self-assessment tax form, to three years' audited accounts... http://www.loans-company-4-all.co.uk/loans
There may be insufficient awareness of the existence and availability of free services... The distress situation is one where the consumer is not meeting current payments or there is a strong likelihood that they will not meet payments in the near future (eg because they have just been made redundant)... Brokers and lenders are under a legal duty to keep all the information they hold accurate and up to date... http://www.loans-company-uk.co.uk/loans