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Almost half of Zopa personal loans repaid early

Peer-to-peer lending site Zopa has announced that 45 per cent of a personal loans given out by a lenders so distant have been repaid early but a borrower incurring any additional fees. Unlike normal banks, where no lenders offer a personal loan but early amends charges, Zopa borrowers can repay whenever they wish but incurring [...]

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Mobile payments to turn as easy as texting

The Payments Council has pronounced that a plan it is operative on should meant that creation payments around mobiles will shortly be as easy as promulgation a text. The legislature is in a routine of formulating a executive database that links consumers’ mobile phone numbers to their bank comment details, no matter that bank or [...]

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Inquiry launched into payday loans

The Office of Fair Trading (OFT) has launched an review into payday loans. The OFT will demeanour into allegations that payday personal loan lenders chase on those who are vulnerable, such as jobseekers and those contingent on benefits. The watchdog will examine claims that these loan companies are lending irresponsibly by not carrying out adequate [...]

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Call for banks to be clearer on abroad fees

Consumer organisation Which? is job for clarity from banks after anticipating that some assign “exorbitant fees” for exchange carried out abroad. In addition, it found that these fees are mostly not clearly signposted by banks and can come as a outrageous startle to consumers. It says sum of a fees are mostly dark divided on [...]

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Personal damage claims pulling adult automobile word costs

Legal fees caused by personal damage and whiplash claims are costing UK motorists adult to £2.4 million a day in arrogant automobile word costs, according to a new report. According to a investigate from a Association of British Insurers (ABI), £876 million per year is paid in authorised fees relating to highway accidents. This, they [...]

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ISA deadline approaching

UK savers are being warned that this year’s ISA deadline is coming so they need to act fast. There is usually over a month to take advantage of a tax-free assets stipend by putting income into an ISA. Consumers are being warned that if they skip this year’s deadline, they won’t be means to make [...]

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RBS and Natwest launch business banking app

RBS and NatWest have this week launched a new business banking app. The app is accessible for iPads, iPhones and iPod Touches and can be downloaded from a iTunes App Store. The record allows business banking business to lane and guard countless bank accounts and perspective their comment portfolio during a glance. They can check [...]

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