Clydesdale and Yorkshire banks focus on bad debts
The Clydesdale and Yorkshire banks have warned that the credit crunch is making bad and doubtful debts a key focus.A trading update from the lenders said UK operations would retain a “conservative and prudent” approach in response to renewed economic turmoil. They also said they had achieved a two year target for gross lending of [...]
August 30, 2011
Tags: bad debts, bank lending, bankers, banks, consolidate debt loans, Credit Crunch, Loan calculator, UK loans rates Posted in: Bankers, Banks, Credit Crunch, Financial Services, Lenders, Loans Calculators, UK Loans Rates, Uncategorized 
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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
Chinese local government’s massive debts revealed
The first ever audit of China’s local government debt reveals it at a massive £1 trillion. A comprehensive review of regional spending uncovered the borrowing, equivalent to £750 per person. The Chinese audit office said future borrowing will be restricted. Although China is one of the world’s fastest-growing economies, with a huge currency reserve and [...]
June 29, 2011
Tags: borrowing, consolidate debt loans, Credit Crunch, Lenders, Loan calculator, loans, refinancing rates Posted in: Bankers, Borrowing Costs, Business Finance, Credit Crunch, Debt Management, Lenders, Loans Calculators, Uncategorized 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
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
Office of Fair Trading shuts down bogus loan websites
19 websites claiming to offer loans have been closed down by the Office of Fair Trading (OFT). The websites did not have Consumer Credit Licences to operate as credit brokers. However, the OFT said they were really aimed at garnering people’s personal data, which was then sold to other businesses. The websites were all run [...]
April 20, 2011
Tags: borrowing, consolidate debt loans, Credit Crunch, debt management plans, Loan calculator, loans Posted in: Bankers, Borrowing Costs, Credit Crunch, Debt Management, Lenders, Loans Calculators, 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
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 borrower tortured by MBNA lender says judge
The MBNA bank has been accused by a High Court judge of “torturing” a customer with repeated phone calls demanding he repay his credit card. Keith Harrison had his debt of £20,270 written off by the judge, Nicholas Chambers QC, at Mold in North Wales. The judge denounced the tactics that MBNA and its debt [...]
March 9, 2011
Tags: bank lending, borrowing, consolidate debt loans, credit cards, Credit Crunch, debt management plans, Lenders Posted in: Bankrupcy, Borrowing Costs, Credit Cards, Credit Crunch, Debt Management, Interest Rates, Lenders, Loans Calculators, Uncategorized One Comment
