How Does Your State Stack Up for Small Business Loan Approval? Study Reveals More

If you’re based in New Jersey, you’re most likely to be approved for a small business loan. That’s according to a new report by Biz2Credit, which has identified New Jersey as the top state for small business loan approval rates. The report found nearly one-quarter (23.4 percent) of funding requests made by […]

LOAN WARNING Is your mortgage a ‘ticking time bomb?’ Millions of households warned about interest-only home loans

INTEREST-only mortgages are a “ticking time bomb” for hundreds of thousands of homeowners in the UK who may have no way of paying off the money they owe, experts have warned. Borrowers on this type of loans are allowed to only pay the interest on their mortgage each month, meaning […]

HOME TIME Grab a cheap mortgage while you can! Lenders warn home loan rates may be about to rise

HOMEOWNERS should considering nabbing a record low mortgage rate while they can, with lenders warning rates may not go lower. Households are currently benefiting from the cheapest home loans on record but the Council of Mortgage lenders has suggested that the era of low rates may be coming to an […]

LOW-COST LOAN AA launches new best-buy fixed five-year mortgage – here’s how you could switch to a cheaper home loan

GETTY IMAGES 1 The AA five-year fix offers a market-leading rate It means that someone with a £200,000 mortgage will pay £664 a month in repayments, over a 25-year period. After five years, the interest rate will rise to 4.24 per cent, but the initial 3.99 per cent rate makes […]

Small Business Loan Approval Rates at Big Banks Decline, Biz2Credit Index Finds

Turbulence in global markets has made big banks wary of approving small business loans. That’s what the latest Biz2Credit Small Business Lending Index (PDF), the monthly analysis of more than 1,000 small business loan applications on Biz2Credit.com has revealed. Details from the July 2016 Biz2Credit Small Business Lending Index According […]

FTC Charges Brokers for Selling Personal Data Collected from PayDay Loan Companies

The U.S. Federal Trade Commission (FTC) has cracked down on data brokers for allegedly hawking sensitive personal details of unsuspecting consumers to scammers. In a lawsuit (PDF) against LeapLab filed in U.S. District Court for the District of Arizona in 2014, the FTC charged the data broker with buying payday loan […]

Can’t Get a Loan from a Bank? Here are Alternative Funding Options

Securing funds to either start or grow business was once every entrepreneur’s worst nightmare. In the past, big banks and credit unions often rejected loan applications, leaving business owners with the only option of borrowing from friends and family or borrowing against receivables. A lot has, of course, changed mainly […]

Can’t Get a Loan from a Bank? Here are Alternative Funding Options

Securing funds to either start or grow business was once every entrepreneur’s worst nightmare. In the past, big banks and credit unions often rejected loan applications, leaving business owners with the only option of borrowing from friends and family or borrowing against receivables. A lot has, of course, changed mainly […]