Archive for January, 2010
Britain may be out of recession at last – but are you?
While the UK’s output of goods and services grew in the final quarter of 2009, according to the latest official statistics, many people are wondering whether their own finances are actually in any better shape. Recovery can bring its own problems; for a start, rising demand tends to stoke inflation, which could prompt the Bank [...]
January 29, 2010
Tags: consolidate debt loans, Credit Crunch, home loans, sub prime loans, UK loans rates, uk recession Posted in: Uncategorized 
No Comments
Office of Fair Trading (OFT) offers debt case guidance
Lenders and borrowers have been issued with draft guidance about when their loans may, or may not be enforced by the OFT. The Office of Fair Trading (OFT) said it was worried that some debtors were being misled about their ability to get their debts written off. Thousands of claims have been launched in the [...]
January 28, 2010
Tags: Credit Crunch, home loans, loans, sub prime loans Posted in: Uncategorized No Comments
UK mortgage approvals on the rise
The number of UK mortgages approved for house purchases rose at the end of 2009. But overall, mortgage approvals in 2009 were 27% lower than the previous year and the lowest since British Bankers’ Association records started in 1997. Some 45,897 home loans were approved for house purchases last month. This showed the extent of [...]
January 26, 2010
Tags: home loans, mortgage calculator Posted in: Uncategorized No Comments
Concern over pre paid card costs
People in some of the poorest parts of the country are having benefits paid onto pre paid cards, but many are not aware of the costs involved.An internal e-mail from the Department for Work and Pensions expresses concern at the lack of customer awareness. One benefit office has received requests to pay benefits for almost [...]
January 25, 2010
Tags: Credit Crunch, home loans, sub prime loans Posted in: Uncategorized No Comments
UK debit card spending to overtake cash spending in 2010
UK debit card spending will overtake spending with cash as a method of payment this year. Debit card transactions rose by 10 per cent last year, according to Visa Europe, which is owned by the banks for which it processes payments. It means that 77 per cent of its business was now done with debit [...]
January 21, 2010
Tags: consolidate debt loans, Credit Crunch Posted in: Uncategorized No Comments
Debit card users could have same protection as UK credit cards
UK Consumers who buy goods and services with a debit card could be offered the same protection as those who use a credit card. Some shoppers are losing out on hundreds of pounds each year because they have been caught out by unscrupulous internet retailers, companies going bust or just plain poor service. Consumer Focus, [...]
January 20, 2010
Tags: Credit Crunch, Loan calculator, loans, sub prime loans Posted in: Uncategorized No Comments
Credit card lenders battle new lending rules
UK credit card lenders are attempting to dilute plans to curb lenders’ activities. Government proposals include stopping card firms changing interest rates on existing debts and ensuring the most expensive debts are paid off first. But now a trade body, the UK Cards Association, has claimed that the changes would push more people into financial [...]
January 19, 2010
Tags: consolidate debt loans, Credit Crunch, Loan calculator, UK loans rates Posted in: Uncategorized No Comments
How to cut your credit card debts
Paying off any credit card debts should be your top financial priority for 2010. If you’ve got a lot of debt sitting on your credit card following Christmas, and it’s racking up a lot of interest, the first step you should take is to transfer that debt onto a 0% balance transfer credit card. The [...]
January 18, 2010
Tags: consolidate debt loans, Credit Crunch, home loans, Loan calculator, uk recession Posted in: Uncategorized No Comments
Illegal UK loans sharks profit from Christmas
Some of the UK’s poorest people are starting 2010 in severe debt after borrowing from loans sharks to pay for Christmas. The Financial Inclusion Centre said 100,000 families had borrowed a total of £29m from illegal money lenders. The think tank said on average it would take a year to pay the money back as [...]
January 15, 2010
Tags: consolidate debt loans, Credit Crunch, home loans, refinancing rates, sub prime loans Posted in: Uncategorized No Comments
Inaccurate data files restricts borrowers access to credit
Inaccurate information on credit files is preventing consumers from gaining access to loans and credit, the Information Commissioner’s Office (ICO) has said. The ICO is urging people in the UK to check their file so the information accessed by lenders is accurate. Banks, shops and catalogue companies all use these files to decide whether to [...]
January 14, 2010
Tags: Aussie loans rates, Credit Crunch, home loans, Loan calculator, sub prime loans, UK loans rates Posted in: Uncategorized No Comments
