Archive for the ‘Credit Crunch’ Category
Cancer charity loses income as bank ends credit card deals
Halifax and Bank of Scotland charity credit cards will be withdrawn from the end of February.The nationalised Lloyds Banking Group which manages the card schemes says they are no longer a cost-effective way of donating to charity. In 2009 the cards raised around £1.1 million for Cancer Research UK, the NSPCC and the Scottish SPCA. [...]
March 7, 2012
Tags: credit cards, Credit Companies, Credit Crunch, Loan calculator, nationalisation, UK loans rates Posted in: Bankers, Banks, Credit Cards, Credit Companies, Credit Crunch, Finance, Lenders, Uncategorized, nationalisation 
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Credit companies who send text messages may be fined
Credit companies face raids and fines of up to £500,000 for sending unsolicited text messages about credit or compensation.The Information Commissioner’s Office (ICO) said tackling the issue was a “high priority”. Typical messages claim recipients are entitled to money, promise to write off debts or find a loan, or suggest accident compensation can be claimed. [...]
March 5, 2012
Tags: borrowing, Credit Companies, Credit Crunch, Loan calculator, loans rates, sub prime loans Posted in: Borrowing Costs, Credit Cards, Credit Companies, Credit Crunch, Finance, Lenders, Sub Prime Loans, Uncategorized No Comments
Outlook for global labour market worsens officials warn
The outlook for the global labour market has worsened from last year the International Labour Organization (ILO) warn.It called the situation an “urgent challenge” and said governments needed to create 600 million jobs over the next decade. The ILO said it was more pessimistic because of the weaker global economy. It added that globally some [...]
March 1, 2012
Tags: bad debts, Credit Crunch, debt management plans, Interest Rates, Loan calculator, uk recession, unemployment Posted in: Credit Crunch, Finance, Loans Calculators, Payday Loans, Uncategorized, Unemployment No Comments
Farepak- MP urges quicker compensation
An MP has urged the government to speed up the compensation process for Farepak families after it emerged 200 customers have died before receiving money.Around 122,000 customers made claims worth £38 million when the Christmas hamper firm went into administration in 2006. The information came in a letter from Farepak’s liquidators to Mike Weir, the [...]
February 28, 2012
Tags: bad debts, Bankrupcy, Credit Crunch, Loan calculator, UK loans rates Posted in: Bankrupcy, Credit Crunch, Debt Consolidation, Financial Services, Loans Calculators, Uncategorized No Comments
Scottish child poverty hotspots revealed
The worst areas for child poverty in Scotland have been mapped for the first time. Action is needed to tackle “shameful” levels of child poverty in parts of Scotland, campaigners have urged. It comes as figures suggest 13 Scottish councils have wards where more than 30% of children live in pockets of severe poverty. The [...]
February 13, 2012
Tags: bad debts, borrowing, Credit Crunch, debt management plans, Loan calculator, sub prime loans Posted in: Bankrupcy, Credit Crunch, Debt Management, Finance, Interest Rates, Loans Calculators, Sub Prime Loans, Uncategorized No Comments
Consumers still looking to cut debts say bankers
People are continuing to pay down their debts- despite High Street stores offering discounts to tempt shoppers, according to figures from the British Bankers’ Association (BBA).Retail sales grew last year but there was little demand for loans and overdrafts, the BBA said. Credit card borrowing slightly increased, but mainly as a result of the interest [...]
February 10, 2012
Tags: bank lending, bankers, Credit Crunch, Debt Consolidation, home loans, Loan calculator, sub prime loans Posted in: Bank Lending, Bankers, Business Finance, Credit Crunch, Finance, Lenders, Loans Calculators, Uncategorized No Comments
PPI payouts in 2011 top £1 billion finds FSA
More than £1 billion was paid in compensation in the first 10 months of last year to people who were mis-sold payment protection insurance (PPI) the financial services watchdog show.PPI was supposed to repay people’s loans if their income dropped because they fell ill or lost their jobs, but thousands were mis-sold the policies. The [...]
February 6, 2012
Tags: borrowing, consolidate debt loans, credit cards, Credit Crunch, Loan calculator, personal loans, refinancing rates, sub prime loans Posted in: Banks, Credit Crunch, Finance, Financial Services, Sub Prime Loans, Uncategorized No Comments
Government borrowing falls for third month in a row
The government borrowed less in November than it had in the same month last year, official figures show.The Office for National Statistics said public sector net borrowing excluding financial interventions was £18.1 billion, down from £20.4 billion in November 2010. It is the third month in a row that public borrowing has fallen. It means [...]
February 3, 2012
Tags: borrowing, Credit Crunch, Loan calculator, recession, refinancing rates, sovereign debt, UK loans rates Posted in: Borrowing Costs, Credit Crunch, Finance, Loans Calculators, Sovereign Debt, Uncategorized No Comments
Northern Rock sale investigated by National Audit Office
The £747 million sale of Northern Rock to Virgin Money is to be investigated by the National Audit Office (NAO).NAO head Amyas Morse confirmed the audit in a letter to shadow financial secretary Chris Leslie, but added that he had no power to intervene. The sale of the state-owned bank is likely to mean a [...]
February 1, 2012
Tags: Bankrupcy, banks, borrowing, Credit Crunch, debt management plans, Loan calculator, nationalisation, refinancing rates, sub prime loans, uk recession Posted in: Bankers, Bankrupcy, Credit Crunch, Debt Consolidation, Finance, Financial Services, Lenders, Loans Calculators, Uncategorized, nationalisation No Comments
Bank of Dad and Mum keeps subsidising youngsters
Bank of Dad and Mum keeps lending to children.Tradition has it that the keys to the family home are handed over to a young man or woman when they reach the age of 21. But the tradition has become obsolete. Nowadays, it may be more appropriate for sons and daughters to give the keys to [...]
January 30, 2012
Tags: bank lending, banks, borrowing, Credit Crunch, Loan calculator, personal loans, refinancing rates, sub prime loans, uk recession Posted in: Bankers, Borrowing Costs, Credit Crunch, Finance, Home Loans, Lenders, Sub Prime Loans, Uncategorized No Comments
