The FSA headquarters in Canary Wharf, London. Photograph: Alex Segre /Alamy Nearly three million people who took out payment protection insurance (PPI) sold by banks and other lenders could be in line for compensation totalling more than £2bn after the Financial Services Authority today issued new rules on how firms should handle the flood of [...]

What are Secured Loans? A secured loan is basically a loan wherein you – the borrower – will offer a sizeable value of property as collateral to be allowed to take out the loan from the lender. Hence, you are securing your loan so that the creditor feels secure in lending money to you. The [...]

A secured loan is essentially a loan that is taken out against your home or other collateral. In the context of this guide, when talking about secured loans and secured lending, reference is being made to that of a lender placing a legal charge over a property. The most common type of secured loan is [...]

A drilling platform in the Gulf of Mexico, as BP continued efforts to stop its leaking well. Photograph: Dave Martin/AP BP has suffered yet another setback in its efforts to stem the flow of oil into the Gulf of Mexico, announcing it has been forced to postpone planned tests on turning off...