Posts Tagged ‘secured lending’

Good credit? Goodbye. It’s all about the profit.

Good credit? Goodbye. It’s all about the profit.
Thousands of Egg credit card customers have had their credit cards cancelled following an extensive one-off credit review. Egg wrote to around 160,000 customers last week, informing them that their Egg credit cards were being cancelled. Affected customers will no longer have access to credit through Egg, but are able to continue repaying their debts as usual. Egg, owned by Citibank, claims the move was in ...
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Bank of England leaves interest rates unchanged

Bank of England leaves interest rates unchanged
Yesterday the Bank of England’s Monetary Policy Committee voted to maintain interest rates at 5.5%, to the surprise of many economists who had been predicting a further drop following that made in December. Until the minutes of the meeting are published later in the month it remains to be seen how close the vote was, but the general consensus is that it may have been ...
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