Personal insolvencies stabilising official figures show
The number of people and businesses going bust has been stabilising, official figures show.The Insolvency Service said personal insolvencies in England and Wales rose 1% in the second quarter of the year. Although they went up by 368 to 30,513, personal insolvencies have effectively been flat for the last nine months. Meanwhile, the number of [...]
August 12, 2011
Tags: bad debts, bankers, Bankrupcy, banks, borrowing, Credit Crunch, refinancing rates Posted in: Bankrupcy, Banks, Credit Crunch, Debt Management, UK Loans Rates, Uncategorized 
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Holidaymakers’ compensation plan as another tour operator goes bust
Holidaymakers whose plans were wrecked when a tour firm collapsed may have to wait up to eight months for compensation.Brighton-based Holidays 4 UK went into administration – forcing the cancellation of 20,000 bookings. The firm, which offered package deals mostly to Turkey, was covered under the Air Travel Organisers’ Licensing (Atol) rescue scheme. But some [...]
August 10, 2011
Tags: bad debts, Bankrupcy, Credit Crunch, debt management plans Posted in: Bankrupcy, Credit Crunch, Finance, Sovereign Debt, Uncategorized No Comments
Workers facing a bleak old age warns pension review
Millions of people face a “bleak old age” because they are falling through the cracks of private sector pension provision, a review warns.The Workplace Retirement Income Commission says 14 million people are not saving into a workplace pension scheme at all. And those who are in a scheme often get charged too much for a [...]
August 3, 2011
Tags: Bankrupcy, Credit Crunch, Interest Rates, personal loans, UK loans rates, uk recession Posted in: Bankers, Credit Crunch, Finance, Independent Finance, Loans Calculators, Uncategorized No Comments
Number of Scottish people going bankrupt rises by 25%
The number of people going bankrupt in Scotland rose by a quarter in the first few months of this year, according to official figures.The Accountant in Bankruptcy said more than 5,000 people were declared insolvent between April and June. That figure was up 25% on the previous quarter, but down 1% on the same period [...]
July 21, 2011
Tags: Bankrupcy, banks, consolidate debt loans, Credit Crunch, Loan calculator, UK loans rates Posted in: Bankrupcy, Banks, Borrowing Costs, Credit Crunch, Debt Management, Lenders, Loans Calculators, UK Loans Rates, Uncategorized No Comments
Spain’s borrowing costs increase on debt fears
Spain has had to pay higher interest rates to borrow £3.9 billion on the financial markets. In a bond auction on Tuesday the yield on loans repayable in 12 months was 3.702%, up from 2.695% paid on a fund-raising in June. For 18-month bonds, the yield was 3.912%, up from 3.26%. The rise reflects greater [...]
July 13, 2011
Tags: Bankrupcy, banks, borrowing, Credit Crunch, sovereign debt, sub prime loans Posted in: Bankers, Bankrupcy, Banks, Borrowing Costs, Credit Crunch, Lenders, Loans Calculators, Sovereign Debt, Uncategorized No Comments
Loans interest rates must rise claims top bankers
The Bank for International Settlements (BIS) has warned that low interest rates across the globe are a threat to world financial stability. The BIS has warned that the low cost of borrowing had resulted in a credit and property price boom which was fuelling inflation, especially in emerging economies. Central banks across the globe have [...]
July 6, 2011
Tags: Bankrupcy, banks, borrowing, Credit Crunch, finances, Interest Rates, Lenders, Loan calculator, loans, refinancing rates Posted in: Bankers, Banks, Business Finance, Credit Crunch, Finance, Interest Rates, Lenders, Loans Calculators, Uncategorized, inflation No Comments
Desperate ECB shoots messenger over Greek debts
In a desperate attempt to preserve German and French banks’ from having to write off huge Greek debts at eu taxpayers’ expense the ECB has announced that they will disregard credit ratings default analysis.Plans to allow Greece to defer the repayment of its debt have been dealt a blow after Standard & Poor’s said the [...]
July 5, 2011
Tags: bank lending, Bankrupcy, banks, Credit Crunch, ECB, euro, refinancing rates, sovereign debt Posted in: Bankers, Bankrupcy, Banks, Borrowing Costs, Credit Crunch, Debt Management, Lenders, Loans Calculators, Sovereign Debt, Uncategorized No Comments
Bank of England warns on eurozone crisis risk
The Bank of England’s new financial policy committee (FPC) has warned on UK banks’ exposure to the eurozone debt crisis. The Bank’s governor Sir Mervyn King said the debt problems of Greece and other countries posed “the most serious and immediate risk” to UK banks. The FPC also called for banks to divert their profits [...]
June 28, 2011
Tags: Bank of England, Bankrupcy, borrowing, Credit Crunch, euro, eurozone, Mervyn King, sovereign debt, uk recession Posted in: Bank of England, Bankers, Bankrupcy, Banks, Credit Crunch, Sovereign Debt, Uncategorized No Comments
Public should be given nationalised banks’ shares
Plans to give the public shares in the nationalised banks RBS and Lloyds have been backed by Nick Clegg. The idea is that individual taxpayers would benefit from any long term gains when shares in the banks are sold. The deputy prime minister said it was important British people were not overlooked after their money [...]
June 27, 2011
Tags: Bankrupcy, borrowing, Credit Crunch, debt management plans, Loan calculator, nationalisation, sub prime loans, uk recession Posted in: Bankers, Bankrupcy, Banks, Business Finance, Credit Crunch, Loans Calculators, Uncategorized, nationalisation No Comments
Banks must ring fence retail operations George Osborne demands
The Chancellor George Osborne is demanding new rules to force banks to ring fence retail from risky investment banking. In a speech to the City on Wednesday he said that banks must be set up so that their High Street branches and savings and loans would not be damaged if their trading arms ran into [...]
June 17, 2011
Tags: Bankrupcy, consolidate debt loans, Credit Crunch, nationalisation, sub prime loans, UK loans rates Posted in: Bankers, Banks, Borrowing Costs, Credit Crunch, Lenders, Loans Calculators, Uncategorized, nationalisation One Comment
