Archive for the ‘Finance’ Category
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 
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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
Credit union reforms introduced to help borrowers
New rules have come into force which will free up credit unions to compete more effectively with banks.The changes, under a Legislative Reform Order (LRO), mean the financial co-operatives can now pay interest on savings for the first time and expand beyond their traditional customer base. Credit unions are not-for-profit organisations owned by their members. [...]
January 25, 2012
Tags: borrowing, Credit Crunch, home loans, Lenders, UK loans rates Posted in: Borrowing Costs, Credit Crunch, Finance, Interest Rates, Lenders, Uncategorized No Comments
The financial cost of divorce
January is commonly acknowledged as the busiest month for those starting divorce proceedings- but as well as emotional there are financial costs of a divorce.Following an the festive period with extended family and in-laws, it is the time of year when couples with marriage difficulties decide to make a fresh start. It may also be [...]
January 20, 2012
Tags: Bankrupcy, borrowing, Credit Crunch, Loan calculator, personal loans Posted in: Bankrupcy, Borrowing Costs, Credit Crunch, Finance, Home Loans, Loans Calculators, Uncategorized No Comments
Payday loans lenders face OFT penalties
Action is being taken against payday lenders who flouted rules on online advertising in the run up to Christmas.The Office of Fair Trading (OFT) found some were not checking whether customers could afford to borrow or outlining charges for going into arrears. A number were unclear about the loan terms and failed to explain the [...]
January 16, 2012
Tags: bad debts, bank lending, borrowing, consolidate debt loans, Credit Crunch, Debt Consolidation, debt management plans, sub prime loans, UK loans rates Posted in: Borrowing Costs, Credit Crunch, Debt Consolidation, Debt Management, Finance, Interest Rates, Lenders, Online Banking, Payday Loans, Sub Prime Loans, UK Loans Rates, Uncategorized No Comments
RBS failures caused by poor decisions, says FSA
The Royal Bank of Scotland (RBS) nearly collapsed in 2008 because of poor management decisions, inadequate regulation and a flawed supervisory system, a Financial Services Authority report says.The FSA admits that its own supervision was “flawed” and “provided insufficient challenge” to RBS. And it says RBS had too weak a capital position to proceed with [...]
January 13, 2012
Tags: bad debts, bank lending, bankers, Bankrupcy, Credit Crunch, Loan calculator, nationalisation, sub prime loans, UK loans rates Posted in: Bankers, Bankrupcy, Banks, Finance, Sub Prime Loans, Uncategorized, nationalisation No Comments
