Loans

The proposal raised by Financial Services Authority to ban Liars' loans is being opposed by the banks.

With UK facing big challenges in reducing the debt burden, the International Monetary Fund is doubting over the economic growth of the country.

With the prices remaining constant in the market, credit card users are seeing big financial support through debt consolidation loans.

The government has recently stated that the Department of Work and Pensions is improving its functioning but, the process has to be speedy to improve more.

Recent reports issued from Consumer Credit Counselling Services have indicated towards the increasing debt problems. So, whats the way out of this?

A penalty is always applied over the early or overpayment of debts but, with the changing economic scenario, Lloyds Bank has come up in favour of early repayment for mortgages.

UK gets a solid backing by one of the leading groups, the Goldman Sachs group, reviving the diminished hopes of speedy economic recovery.

It may be surprising but tough financial phases are significant as well. There are cities in the UK, which have succeeded even in the midst of an economic recession.

Although there are positive signs emerging from the UK market, some concerns are becoming bothersome as well. Manufacturing sector has registered a stagnant growth rate for a second successive month negating the process of recovery.

Despite witnessing some growth in 2009, some research bodies are expecting a negative growth in the new year.