"Mortgage Refusals Go Through The Roof Sky News Updated: 10:45, Monday October 15, 2007
The number of people having their mortgage applications turned down has jumped by some 60% in the past six months.
This follows the much stricter lending conditions brought in and enforced by the UK's banks and building societies."
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Also, figures from MoneyExpert.com show that nearly 1.91 million adults applying for a loan in the past six months have been rejected, a rise of 37% on the 1.39 million that were rejected in the six months previously.
- Personal loans certainly make up the biggest portion of debt in the UK. There are an estimated 12 million adults with £66 billion worth of personal loans outstanding in the UK - that's twice the amount of debt on credit cards, and 6 times that on overdrafts.
- 2 out of every 3 personal loans thought to be taken out to consolidate other debts
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