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 
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Christmas takes three months to pay off on average
Britons are taking twice as long to repay their Christmas debts having spent an average of £435 on presents than a decade ago. Credit card holders are taking an average of 90 days to pay off the debt they built up over Christmas, more than a month longer than a decade ago, according to the [...]
January 12, 2010
Tags: Aussie loans rates, consolidate debt loans, Credit Crunch, recession, UK loans rates Posted in: Uncategorized No Comments
Bank of England freeze on UK interest rates continues
UK interest rates have been left at 0.5% following the Bank of England’s latest meeting. The cost of borrowing has been at a record low since March 2009 and economists do not expect the central bank to raise rates in the near term. The Bank’s Monetary Policy Committee (MPC) also maintained the quantitative easing (QE), [...]
January 8, 2010
Tags: Aussie loans rates, Bank of England, Credit Crunch, home loans-rates-UK, Interest Rates, Loan calculator, MPC, Quantitative Easing, uk recession Posted in: Uncategorized No Comments
UK consumers repay record levels of debt
Consumers repaid a record level of unsecured loans and credit card debt during October as they continued to focus on improving their finances in the face of the recession. The figures will reinforce suggestions that Britain will be slow to emerge from its worst recession in decades as the cost of repaying multi-billion bank bailouts [...]
December 1, 2009
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Australia raises loans rates from 49 year low
The Reserve Bank of Australia signalled its confidence in the country’s economic recovery yesterday when it became the first G20 central bank to raise interest rates since the global downturn. The move comes amid growing concern that the emergency rate cuts and liquidity operations put in place around the world over the last year may [...]
October 7, 2009
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Greenspan says financial crisis will reoccur
Alan Greenspan, the former US Federal Reserve chairman blamed in some quarters for not doing enough to prevent the financial crisis, has predicted that more crashes are inevitable. Speaking a year after the collapse of Lehman Brothers, the US investment bank, Mr Greenspan said: “The crisis will happen again but it will be different. They [...]
September 9, 2009
Tags: Aussie loans rates, Credit Crunch, Greenspan, Loan calculator, recession, sub prime loans, uk recession Posted in: Uncategorized No Comments
UK data weak- but above consensus
UK manufacturing and Industrial production data has been released this morning- both slightly better numbers than expected but that still does not hide the fact that it is grim reading. The year on year drop in industrial production is the biggest drop since the series began in 1968. The year on year drop in manufacturing [...]
April 7, 2009
Tags: Aussie loans rates, Bank of Japan, ECB, falling interest rates, UK loans rates, uk recession Posted in: Uncategorized No Comments
Equities tumble as AIG losses shock the markets
AIG yesterday announced the biggest corporate quarterly loss in history as 4th quarter 2008 figures showed a $61.7bn loss. The troubled insurance company is integral to insuring households and financial risk globally and would pose a systemic risk to the global economy if allowed to fall. AIG has already received support of $150bn and will [...]
March 3, 2009
Tags: Aussie loans rates, Credit Crunch, falling interest rates, recession, refinancing rates Posted in: Uncategorized No Comments
RBA kept Aussie rates on hold at 6.25%.
The RBA kept Aussie rates on hold last night at 6.25%. Today we see the release of UK and German industrial production, across the water all eyes will be on non-farm productivity and consumer credit data. The Japanese yen traded at 3 week highs against the dollar and the Euro yesterday amid concerns that the [...]
February 7, 2007
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