Finance, Loans and PPI News- CPP Group fears collapseCPP Group Plc, which provides credit card and identity protection, claims that a mis-selling investigation by the Financial Services of Authority (FSA) could put it out of business. The FSA has been reviewing the firm for a year following complaints over the way it sold card protection and identity protection products. The regulator has now […]
- Government on track to beat borrowing targetThe government expects to either achieve or exceed its target of borrowing no more than £127bn this year, after recording its biggest surplus for four years in January. In the tax year to date the government has borrowed £93.5bn and in January it made a net repayment of £7.75bn, excluding financial interventions. Although a surplus […]
- FSA fines Santander £1.5m over compensation schemeThe Financial Services Authority (FSA) has fined Santander £1.5m for failing to explain to customers that some of its investment products were not covered by the Financial Services Compensation Scheme (FSCS). The FSCS is a financial safety net which pays compensation to customers of financial services firms authorised by the FSA, if the firm itself […]
- Mortgage lending 12% lower in JanuaryGross mortgage lending fell to £10.5bn in January, 12 per cent lower than the total for December. However the figures represent a year-on-year increase of 10 per cent, the Council of Mortgage Lenders (CML) said. January was the sixth consecutive month of higher lending compared with the previous year. Home loan approvals also increased in […]
- Rents continued to rise in JanuaryThe average rent increased by 0.1% from December to January, a traditionally quiet period for the rental market. It was the first January increase in rents ever recorded by LSL Property Services, which said that tenants were trying to take advantage of the quiet period. With many potential first-time buyers unable to afford to buy […]
- CPP Group fears collapse
Monthly Archives: February 2011
What are Loans and PPI
What are loans? Loans, as most people know loans are essentially a lendor passing you money, cash, investment to spend as part of a substantial acquisition like a home improvement, car or other type of acquisition. Lendors generally add a … Continue reading
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