Archive for November, 2009
Record fall in consumer borrowing says Bank of England
Consumer borrowing – excluding mortgages – recorded its biggest month on month fall since Bank of England records began in 1993.This adds further evidence to the likely trend of people paying off loans rather than saving more during a time of low interest rates. Unsecured loans fell by £713m in October compared with September. But [...]
November 30, 2009
Tags: Credit Crunch, loans, refinancing rates, sub prime loans Posted in: Uncategorized 
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Credit card debts are a major problem in the UK
Everyone has a credit card and many carry a large balance. The interest rate on a credit card balance is usually between 20-30% APR. These high interest rates make it difficult for people to pay down their debt when only making the minimum payment. Credit Card Consolidation Many factors which results in high credit card [...]
November 27, 2009
Tags: consolidate debt loans, Credit Crunch, home loans, refinancing rates, sub prime loans Posted in: Uncategorized No Comments
Overdraft charges- consumers back Supreme Court ruling
The majority of UK consumers are pleased that the banks won a surprise court victory in their battle over unauthorised overdraft charges, it has emerged. The Supreme Court ruled yesterday that the charges are not subject to regulation by the Office of Fair Trading (OFT) under unfair contract rules. The ruling means that millions of [...]
November 26, 2009
Tags: home loans, Interest Rates, loans rates, UK loans rates Posted in: Uncategorized No Comments
British banks win landmark overdraft ruling
Britain’s Supreme Court has ruled in favour of the High Street banks in a row over overdraft fees, delivering a blow for thousands who had hoped to recoup charges. Seven major banks and a building society had challenged High Court and Court of Appeal decisions that the charges come under “unfair contract” rules and are [...]
November 25, 2009
Tags: consolidate debt loans, home loans Posted in: Uncategorized No Comments
Credit repairs scams- how to avoid them
With the credit crunch it’s easy to make mistakes balancing finances- but the effects could be even worse. Pressing credit cards bills, mortgage payments and direct debits all combine too frequently whilst the income payments seem to get lower or take longer than needed. We are all aware of the cliche “desperate times call [...]
November 24, 2009
Tags: consolidate debt loans, home loans, loans, sub prime loans Posted in: Uncategorized No Comments
Loans- choosing a debt consolidation loan
Nearly anyone is susceptible to get behind on their monthly payments and obligations to lenders, which is when a fresh start loan can be of the maximum benefit for most borrowers. Perhaps you have experienced a recent illness, injury, or even death in the family and have gotten behind on your bills. No matter what [...]
November 23, 2009
Tags: consolidate debt loans, Credit Crunch, home loans, Loan calculator, loans, sub prime loans, UK loans rates Posted in: Uncategorized No Comments
Banks are charging sneaky fees claims Which?
UK banks are still finding “sneaky ways” to make money out of people, the consumers’ association Which? has found. It claims the rate on authorised overdrafts is at its highest level since records began in the mid-1990s. According to the latest Bank of England statistics, the average overdraft rate is 18.96%, although many of the [...]
November 20, 2009
Tags: Bank of England, UK loans rates, uk recession Posted in: Uncategorized No Comments
ECB slows emergency cash support
The European Central Bank (ECB) will scale back its liquidity measures for fear of fuelling inflation- despite rising unemployment. ECB President Jean-Claude Trichet said some fiscal stimulus measures were no longer needed to the same extent. He said any measures that pose “a threat to the achievement of price stability must be undone promptly and [...]
November 19, 2009
Tags: ECB, home loans, Quantitative Easing, recession, refinancing rates Posted in: Uncategorized No Comments
Loans comparison websites failing to win over consumers
UK consumers lack trust in loans comparison websites with one in four people saying they have been able to find better value financial products elsewhere, a survey has found. Only three out of 10 people said they trusted the sites, which give quotes on products such as insurance, credit cards and mortgages, to find the [...]
November 18, 2009
Tags: Loan calculator, loans, loans rates, UK loans rates Posted in: Uncategorized No Comments
Student loans delay- universities have to bail out students
Three quarters of universities in England have been forced to bail out students following huge delays to loans and grants. On average, institutions have paid £44,000 each in emergency funding to students left without money for rent, books and food. Tens of thousands are still waiting for their first maintenance payments as the Student Loans [...]
November 17, 2009
Tags: Credit Crunch, loans, sub prime loans Posted in: Uncategorized No Comments
