credit

Healthy companies will struggle to survive unless the Government takes urgent action to deal with the intensifying credit crunch, the Confederation of British Industry (CBI) has warned.

The Office of Fair Trading (OFT) is to investigate irresponsible lending practices in the UK, including the roles of lenders, brokers and intermediaries.

Experian has acquired N4 Solutions, a provider of specialist software for the mortgage and financial planning sectors, which will become part of Experian's consumer business it was announced today.

The number of mortgage approvals rose in May despite rising interest rates and house prices, according to the Bank of England.

The FSA could force sub-prime mortgage lenders to shut out the very people they were set up to help, according to Reynolds Porter Chamberlain.

The number of loan applications now done online has led to an increase in rejections and is harming applicants' credit rating, according to research.

Proposals for a national financial advice service would boost all aspects of consumer savings, suggests a study published today.

Higher interest rates have not had the expected impact on mortgage borrowing, according to the British Bankers' Association (BBA).

Figures published by the British Bankers' Association suggest there was no letup in lending levels during November.

Teenage students will receive financial education in schools with the help of an interactive CD Rom package financed by a life insurer and developed by teachers.