Despite Blackhorse Finance announcing that they will be closing their local branches acorss the UK the lender, owned by Lloyds TSB Group, will still be trading and offering Unsecured Loans.
The rumour mill yesterday (21/01/2010) suggested that they may cease trading the Blackhorse Unsecured Loan altogther but our sources say this is not true.
Blackhorse Finance have always been a big part of the UK unsecured loans market and became even more so when Welcome Finance, owner by the Cattles Group, left the market in 2009.
Naturally, in the wake of the Credit Crunch, Blackhorse did make their criteria more strict which made it more difficult for customers to be approved and they also withdrew from tenant loans.
News that their local branches are closing is, of course, disappointing but it is great news that they will continue to offer their quality products in the UK.
