Archive for the ‘Debt Consolidation’ Category
Debt management firms closed down by finance watchdog
The Office of Fair Trading has cancelled the licences of 62 debt management firms in the past year, after a crackdown on rogue operators.Some fee charging firms have been criticised for misleading customers about their charges and for giving incompetent advice. Others have been told to stop cold calling customers, or stop pretending to be [...]
October 5, 2011
Tags: bad debts, bank lending, bankers, consolidate debt loans, Debt Consolidation, debt management plans, finances, Loan calculator, Office Fair Trading, sub prime loans, UK loans rates Posted in: Borrowing Costs, Business Finance, Credit Crunch, Debt Consolidation, Debt Management, Finance, Financial Services, Lenders, Loans Calculators, Loans Rates, Online Banking, UK Loans Rates, Uncategorized 
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Stricter red tape for debt management firms warns OFT
Debt management companies helping people in financial difficulty will have to abide by much stricter rules or face being closed down. The Office of Fair Trading (OFT) is consulting on the new rules to make such firms treat their clients fairly. The companies will have to make it absolutely clear what services they offer and [...]
June 15, 2011
Tags: Bankrupcy, consolidate debt loans, Credit Crunch, debt management plans, sub prime loans, UK loans rates Posted in: Bankrupcy, Banks, Credit Crunch, Debt Consolidation, Debt Management, Lenders, Loans Calculators, Uncategorized One Comment
Debt experts warn about rising bankruptcy costs
The latest rise in the cost of going bankrupt could discourage people with financial problems from seeking a solution debt experts warn. The fee for petitioning for bankruptcy rose by £75 to £525 at the beginning of June. With the court fee added on, the total upfront cost is £700. The Insolvency Service said the [...]
June 10, 2011
Tags: bad debts, Bankrupcy, banks, borrowing, consolidate debt loans, Credit Crunch, debt management plans, personal loans, sub prime loans Posted in: Bankrupcy, Borrowing Costs, Credit Crunch, Debt Consolidation, Debt Management, Lenders, Loans Calculators, Sovereign Debt, Uncategorized No Comments
How to claim your PPI compensation
Three million people are in line to receive compensation after high street banks surrendered in the long battle over mis-sold payment protection insurance (PPI). Credit card and loan providers and the four main banks – Lloyds-HBOS, HSBC, Barclays and RBS – are expected to pay out up to £9 billion compensation for PPI, making it [...]
May 16, 2011
Tags: banks, borrowing, Credit Crunch, Loan calculator, loans, personal loans Posted in: Bankers, Banks, Borrowing Costs, Credit Crunch, Debt Consolidation, Debt Management, Interest Rates, Lenders, 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
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 workers’ take home pay down 5% in real terms since 2009
The average employee takes home £1,088 a year less than two years ago when the sum is adjusted for inflation research finds.The sharp drop, in real terms, highlights the effect of stagnant wages and above-target inflation on incomes. The average British worker earned £20,149 at the start of 2011 – a real terms fall of [...]
March 25, 2011
Tags: Credit Crunch, falling interest rates, inflation, Loan calculator, refinancing rates, uk recession Posted in: Credit Crunch, Debt Consolidation, Loans Calculators, Uncategorized No Comments
Sir Fred the Shred Goodwin wins censorship ban
Sir Fred “the shred” Goodwin, the former chief executive of the nationalised Royal Bank of Scotland, has obtained a secret super injunction banning the publication of information about him, an MP has disclosed. The existence of the injunction was revealed by John Hemming, a back-bench Liberal Democrat MP, during a business debate in the House [...]
March 10, 2011
Tags: Bankrupcy, banks, borrowing, consolidate debt loans, Credit Crunch, nationalisation Posted in: Bankrupcy, Credit Crunch, Debt Consolidation, Debt Management, Uncategorized, nationalisation No Comments
Credit card defaults rise to more than £1 billion according to the Bank of England
Credit card holders are struggling to keep up with their debts as figures show defaults rose to more than £1 billion. Coincidence on not compared to the Loans Calculator’s story yesterday: Credit cards do not count as spending young adults surveyed apparently UK banks wrote off £1.18 billion worth of credit card debt during the [...]
March 8, 2011
Tags: bad debts, borrowing, consolidate debt loans, credit cards, Credit Crunch, debt management plans, personal loans Posted in: Borrowing Costs, Credit Cards, Credit Crunch, Debt Consolidation, Debt Management, Interest Rates, Lenders, Loans Calculators, Uncategorized No Comments
Personal insolvencies at new high in England and Wales
A record number of people were declared insolvent in England and Wales in 2010 although the number of new cases fell in the last three months of the year. There were 135,089 people declared insolvent last year, the Insolvency Service said, up 0.7% on 2009 and the highest since records began in 1960. However, there [...]
February 11, 2011
Tags: Bankrupcy, borrowing, Credit Crunch, debt management plans, Loan calculator, refinancing rates, sub prime loans Posted in: Bankrupcy, Borrowing Costs, Credit Crunch, Debt Consolidation, Debt Management, Lenders, Loans Calculators, Uncategorized 2 Comments
