With the credit crunch continuing to bite nearly 8 years after it first hit, many loan sharks are cashing-in on the financial vulnerabilities of those most in need. The law states that anyone wishing to operate as a professional money-lender has to be authorised to do so by the FCA – the Financial Conduct Authority.
Whether you’re looking to make a large expensive purchase or want to pay off a few smaller debts creating just one payment, a loan may be the right solution for you. Here are some facts about loans and borrowing money. Can I apply for a loan? If you are over the age of 18, have