Unsecured loan brokers whose primary business model is to charge clients an upfront fee, may face an investigation by the OFT.
The rise in complaints from consumers who have paid a credit broker a fee only to find that they have not been accepted for a loan or in some cases, not even been referred for [...]

Credit brokers who charge upfront fees to clients looking for an unsecured loan have been warned about their conduct.
The OFT have moved to revoke the credit licences of two associated loan and finance businesses; NIZ Financial (UK) Ltd and First Money Direct Ltd after uncovering unfair business practices.
The full story is here.

TFS Money, the newly formed packaging arm of TFS Loans, have announced plans to launch into the intermediary market.
More to follow shortly…

There is yet another entrant into the already crowded unsecured loan market with the news that a new online loan broker has launched which sets itself apart as a ‘no frills, no fuss’ online loan provider.
www.alltypesofloans.co.uk has been launched as an alternative to those firms that confuse visitors when they reach their website because of [...]

US equities trader Gregory Facinelli has confirmed that he is leading a consortium that is entering the UK unsecured loans sector.
Rumours have been rife for many months that a number of new entrants were planning to make their mark in the UK but initial reports centred on the secured loans sector as this appeared to [...]

Here at anytypeofloan.co.uk we get asked lots of questions about Guarantor Loans and whether any individual can obtain finance, even though their financial situation may dictate that they can’t or rather they cannot through the old traditional means.
A guarantor loan is much like any other loan in that it is a sum [...]

The recent announcement by the Bank of England revealed that interest rates will remain at 0.5% for the month of June. Statistics have revealed that, whilst the base rates have remained the same for the 15th straight month, the average APR rates on personal loans have been on the increase.
Research carried out by moneysupermarket.com revealed [...]

Guarantor loans company Any Type of Loan have completed their move to larger premises due to bigger than expected demand for their loan services making their previous office inadequate for their ongoing needs.
Their new offices in Wirral offer free customer parking and training facilities which will be used to increase the skills, knowledge and efficiency [...]

Cattles, the beleagured financial services group and owner of Welcome Finance has appointed Paul Felton-Smith as finance director following the resignation of James Drummond Smith.
Felton Smith has worked in the financial services sector for over 25 years and will join Cattles on 7 June, subject to the approval of the Financial Services Authority. His most [...]

Well known financial services entrepreneur Paul Naden has temporarily shelved plans to buyout Churchwood Financial, the Stockport based debt management business.
Churchwood is owned by Mike Noblett who owns 70% of the company whilst Naden has 13% which he purchased last year. Naden’s plan was to buyout Noblett’s majority shareholding via a private equity deal, however [...]

Any Type of Loan have announced a major new commission iniative which they believe to be the first of a kind in the UK intermediary market.
Guarantor loans offer consumers an alternative to a secured loan and have risen in popularity over the last 18 months with lots of new entrants trying to get a share [...]

Troubled subprime lender Cattles today warned it could be sold in a restructuring deal which would leave shareholders with just a fraction of their investment but could allow the company to be delisted from the stock market.
Cattles, which has been in talks with its own banks for months in a bid to restructure its [...]

David Fisher has been appointed to the position of CEO for Sainsbury’s Finance after five months in the role of interim CEO.
Fisher is to oversee plans for sustainable growth of the financial services arm of Sainsbury’s and will be based between Edinburgh and London.
He said: “We have ambitious plans for growth, and know there [...]

TFS Loans, the unsecured and gurantor loan provider based in Southend on Sea, are looking to launch their new unsecured loans portal in June.