Finance and Credit Professional

The availability of cheap secured loans is beginning to fall, it has been suggested.According to Samantha Owens, head of personal finance for Moneyfacts, rates on some 27 personal loans products have been modified over the course of this year - with the majority of these changes shown to be increasing the amount of interest charged. [...]

The consumer credit sector is on track for a downturn over the course of 2007, new figures indicate.According to research conducted by Datamonitor, the amount of money the public borrows - whether this is through secured loans, overdrafts or credit cards - is set to continue to fall over the remainder of this year. The [...]

The availability of loans and other types of borrowing may be set to diminish, a new Bank of England report shows.In the Bank's latest Credit Conditions Survey, a number of loan lenders have stated that they have had to become stricter about to whom they issue borrowing. And with many Britons finding that mortgages are [...]