Barclays Bank basic current account customers face fee rise
Basic current account holders at Barclays Bank face more frequent charges if they fail to keep sufficient funds in their accounts.Basic accounts, often opened by those with a chequered credit history, do not offer cheque books or overdrafts. At present, there is a maximum charge of £8 a day if direct debit or standing order [...]
January 5, 2012
Tags: bank lending, bankers, finances, Loan calculator, personal loans, sub prime loans Posted in: Bankers, Banks, Borrowing Costs, Credit Crunch, Finance, Lenders, Loans Calculators, Uncategorized 
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One in four households face fuel poverty warns Consumer Focus
The proportion of homes in fuel poverty in England and Wales has risen from 18% to 24% in two years estimates suggest.Consumer Focus calculated that nearly 5.7 million households are in fuel poverty – when more than 10% of their disposable income is spent on fuel. The watchdog said the issue was particularly acute in [...]
December 22, 2011
Tags: bad debts, borrowing, finances, Loan calculator, recession, uk recession Posted in: Credit Crunch, Debt Management, Finance, Loans Calculators, Uncategorized No Comments
Smallest businesses need more support warn MPs
Britain’s smallest businesses should be treated differently from other small and medium sized firms warn a group of MPs.The very smallest companies are the UK’s job creators, but many are stifled by red tape and regulations aimed at much bigger companies, they said. The All Party Group for Micro Businesses said the definition of a [...]
December 7, 2011
Tags: banks, borrowing, business finance, business loans, Credit Crunch, finances, recession, sub prime loans Posted in: Bank Lending, Bankers, Banks, Business Finance, Credit Crunch, Finance, Financial Services, Lenders, Uncategorized No Comments
Cheque guarantee cards could return
The abolition of cheque guarantee cards is being reviewed and could lead to a welcome return of the scheme.The system, which ensured that some cheques up to £50 or £100 were honoured, ended at the end of June- to save the bank’s money. But the Payments Council, which oversees payments strategy, said it was looking [...]
December 1, 2011
Tags: bankers, banks, business finance, finances, Loan calculator, refinancing rates Posted in: Bankers, Banks, Business Finance, Finance, Financial Services, Loans Calculators, Uncategorized No Comments
Business forced to look for finance away from banks
Businesses are having to become more creative with finance raising as the banks are limiting funding.Even existing business are met with tight lending conditions when trying to secure loans or overdrafts – in spite of the government’s efforts to help. Project Merlin is one of the government’s magic wands designed to make banks lend more [...]
November 11, 2011
Tags: bank lending, banks, business finance, business loans, Credit Crunch, finances, sub prime loans Posted in: Bank Lending, Business Finance, Credit Crunch, Finance, Financial Services, Lenders, Loans Calculators, Uncategorized No Comments
Packaged bank accounts face FSA sanctions
Packaged accounts usually charge a monthly fee for added benefits such as insurance or ticket discounts bundled with a standard current account.Customers will now be assessed to see if they are eligible for the insurance element of packaged bank accounts before any sale, under planned rules. The Financial Services Authority (FSA) says one in five [...]
November 2, 2011
Tags: bank lending, bankers, banks, borrowing, finances, Loan calculator Posted in: Bankers, Banks, Credit Crunch, Finance, Financial Services, Lenders, Loans Calculators, Uncategorized No Comments
Mervyn King- quantitative easing will not guarantee rise in bank lending
Bank of England governor Mervyn King has admitted that the central bank’s pumping more money into the economy will not guarantee an increase in lending by commercial banks.Earlier this month, the Bank injected a further £75 billion into the economy in a bid to bolster the UK’s recovery. But Mr King told MPs he thought [...]
October 31, 2011
Tags: bank lending, Bank of England, bankers, Credit Crunch, finances, loans rates, Mervyn King Posted in: Bank Lending, Bank of England, Business Finance, Credit Crunch, Finance, Financial Services, Loans Calculators, Loans Rates, Quantitative Easing, Sub Prime Loans, Uncategorized No Comments
One in 10 students could be deterred by university tuition fees
Higher university fees are putting off one in 10 potential students new research has found.The survey of 1,009 A-Level students in England found most would probably still go to university despite higher fees. But about half said they would consider selecting a university closer to home to cut living costs, or one abroad with cheaper [...]
October 28, 2011
Tags: Credit Crunch, finances, independent finance, student loans Posted in: Borrowing Costs, Credit Crunch, Debt Management, Finance, Loans Calculators, Uncategorized, Unemployment No Comments
Trading Standards confiscates cash after complaints from loan firm
Trading Standards is taking consultancy payments from a firm which is also the subject of customer complaints.West Yorkshire Trading Standards (WYTS) received payments from online loans broker SGE Loans in exchange for regulatory advice. But some customers claim that SGE Loans has debited their bank accounts without consent – a claim SGE Loans denies. WYTS [...]
October 10, 2011
Tags: bad debts, borrowing, consolidate debt loans, Credit Crunch, finances, Interest Rates, Loan calculator, loans, refinancing rates, sub prime loans Posted in: Borrowing Costs, Business Finance, Credit Crunch, Debt Management, Finance, Financial Services, Lenders, Loans Calculators, UK Loans Rates, Uncategorized No Comments
Central banks act as economy hits dangerous new phase
Five central banks have announced a co-ordinated move to try to help the financial system, as the boss of the International Monetary Fund warns of a “dangerous” new economic phase.The central banks are to provide commercial banks with three additional tranches of loans to help ease funding pressures. Banking stocks rose sharply, with BNP Paribas [...]
October 7, 2011
Tags: bank lending, Bank of England, bankers, finances, IMF, Loan calculator, nationalisation, sovereign debt, sub prime loans Posted in: Bankers, Banks, Borrowing Costs, Business Finance, Credit Crunch, Finance, Financial Services, Loans Calculators, Sovereign Debt, Uncategorized No Comments
