Zopa, which was the world’s first peer-to-peer lender, has announced their intention to launch a “next-generation” bank.
Pariti will aggregate your accounts, analyse the data & if there’s a potential saving to be made, will recommend a suitable consolidation loan via Zopa.
Payday loan company Wonga caused quite a stir this afternoon when we were made aware of an article on their site which appeared to suggest they were actively targeting students to take out their loans.
The Student Loans Company has taken the unusual step of telephoning some of its customers to warn them they may be the victim of fraud.
The BBC has designed a simple calculator to give students repaying loans under the new system an idea of how much it may cost them to pay off their student loans.
According to GigaOM, short-term lender Wonga might be in the early stages of planning to launch on the stock market.
A brief look at the emerging industry of peer-to-peer lending in the UK
lendwithcare.org offers an alternative to traditional charity, giving microloans to businesses in developing countries to help people out of poverty.
Kevin Mountford, head of banking at price comparison website moneysupermarket.com, gives his personal finance predictions for 2010.
TXTLoan is offering loans of £100 which you’ll receive in to your bank account “within minutes”. The amount you’ll have to pay back is £110, which must be paid back within 7 days. Because of the short pay back period, the APR works out to be whopping 994%.