Archive for April, 2011
Elderly people are struggling with living costs warns charity
Elderly people and pensioners are finding it hard to cope with rising living costs- with 47% saying they are “just getting by” new research finds. In a study for Age UK a further 11% described themselves as finding it difficult or “really struggling” to cope. The face-to-face survey of 1,258 people suggested 19% cut back [...]
April 28, 2011
Tags: banks, borrowing, Credit Crunch, debt management plans, personal loans, UK loans rates Posted in: Bankrupcy, Borrowing Costs, Credit Crunch, Lenders, Loans Calculators, Uncategorized 
No Comments
Icelandic voters reject bankrupt banks repayment deal
Icelanders have rejected the latest plan to repay the UK and Netherlands some 4bn euros lost when the country’s banking system collapsed in 2008. The partial referendum results show 58% voting no, and 42% supporting the plan. Johanna Sigurdardottir, Iceland’s Prime Minister, said the rejection meant “the worst option was chosen”. UK Treasury minister Danny [...]
April 26, 2011
Tags: Bankrupcy, banks, borrowing, Credit Crunch, Loan calculator, loans Posted in: Bankers, Bankrupcy, Borrowing Costs, Credit Crunch, Lenders, Loans Calculators, Uncategorized, nationalisation One Comment
Office of Fair Trading shuts down bogus loan websites
19 websites claiming to offer loans have been closed down by the Office of Fair Trading (OFT). The websites did not have Consumer Credit Licences to operate as credit brokers. However, the OFT said they were really aimed at garnering people’s personal data, which was then sold to other businesses. The websites were all run [...]
April 20, 2011
Tags: borrowing, consolidate debt loans, Credit Crunch, debt management plans, Loan calculator, loans Posted in: Bankers, Borrowing Costs, Credit Crunch, Debt Management, Lenders, Loans Calculators, Uncategorized No Comments
Eurozone interest rates raised to 1.25% by ECB
Eurozone interest rates have been raised to 1.25% from the record low of 1% by the European Central Bank (ECB). Interest rates had been held at 1% for just under two years following the financial crisis and global recession. ECB president Jean-Claude Trichet said that the rate rise was in response to the risk of [...]
April 18, 2011
Tags: borrowing, ECB, euro, finances, Interest Rates, sovereign debt Posted in: Borrowing Costs, Credit Crunch, Interest Rates, Loans Calculators, Sovereign Debt, Uncategorized No Comments
UK interest rates held at record low of 0.5%
The Bank of England’s Monetary Policy Committee has kept UK interest rates once more at a record low of 0.5%. There has been no change to the Bank rate for 25 months, despite the fact that inflation is currently more than twice the Bank’s 2% target rate. No new quantitative easing measures were unveiled. Last [...]
April 15, 2011
Tags: Bank of England, borrowing, Credit Crunch, Interest Rates, Quantitative Easing, UK loans rates Posted in: Bank of England, Credit Crunch, Interest Rates, Lenders, Loans Calculators, Uncategorized No Comments
Money worries during credit crunch linked to rise in depression
The UK’s economic problems may be fuelling a rise in health depression in England, it has been suggested. Prescriptions for anti-depressant drugs such as Prozac rose by more than 40% over the past four years new data shows. GPs and charities said they were being contacted increasingly by people struggling with debt and job worries. [...]
April 13, 2011
Tags: borrowing, consolidate debt loans, credit cards, Credit Crunch, financial services, home loans, loans rates, refinancing rates Posted in: Bankrupcy, Credit Crunch, Debt Consolidation, Debt Management, Loans Calculators, Uncategorized No Comments
University degree can add £12,000 to salary official figures show
People with university degrees earned an average of £12,000 a year more than non-graduates over the past decade new official statistics show. The mid-point salary of graduates aged 22 to 64 was £29,900, compared with £17,800 for non-degree holders the Office for National Statistics found. Earnings for those aged 22 averaged £15,000, regardless of degree [...]
April 11, 2011
Tags: Credit Crunch, financial services, independent finance, personal loans, student loans Posted in: Bankers, Debt Management, Independent Finance, Loans Calculators, Uncategorized No Comments
UK financial advice service launched
A new independent service offering financial advice to UK families has been launched. The Money Advice Service will offer guidance over the telephone, through a website or during face-to-face appointments. It has been funded by a levy on the financial services industry which is collected by the City watchdog. The scheme replaces the Money Made [...]
April 8, 2011
Tags: borrowing, Credit Crunch, independent finance, Lenders, personal loans, refinancing rates Posted in: Borrowing Costs, Credit Crunch, Debt Consolidation, Debt Management, Independent Finance, Lenders, Loans Calculators, Uncategorized No Comments
UK banks introduce lending appeals process
UK banks have introduced a new system that allows small businesses to appeal against decisions to turn down their loan applications. The process was one of a number of new initiatives being introduced by the industry, the British Bankers’ Association (BBA) said. The system will allow a small business to appeal to a more senior [...]
April 6, 2011
Tags: bank lending, banks, borrowing, business finance, business loans, Lenders, Loan calculator, loans Posted in: Bankers, Borrowing Costs, Credit Crunch, Lenders, Loans Calculators, Uncategorized No Comments
Retail banks not competitive say Treasury committee MPs
Retail banking in the UK is not competitive enough a Commons Treasury committee report has decided. The cross-party group of MPs said there was a lack of price transparency between current accounts at different banks and it was too difficult for customers to move their accounts. The committee said similar barriers existed for small business [...]
April 4, 2011
Tags: bank lending, bankers, banks, Credit Crunch, debt management plans, refinancing rates Posted in: Bankers, Borrowing Costs, Credit Crunch, Debt Management, Lenders, Loans Calculators, Uncategorized 2 Comments
