Blackhorse Finance - Gone?

Sad news today that Blackhorse Finance may have disappeared from the UK Loan market.

The Unsecured Loan arm of Lloyds TSB will be closing it's doors on the UK Unsecured Loan market and lending no more. A sad day, it true, for the industry and the many people that could well lose their jobs.

Unsecured Loans from Blackhorse Finance were the preferred route in the UK loans market since Welcome disappeared.

It could have a massive knock-on effect to loans brokers across the UK although at the time of going to press it is uncertain if they will continue to lend from head office and stop the in-store lending.

I will... of course... keep you updated on any developements.