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 
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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
Debt management firms closed down by finance watchdog
The Office of Fair Trading has cancelled the licences of 62 debt management firms in the past year, after a crackdown on rogue operators.Some fee charging firms have been criticised for misleading customers about their charges and for giving incompetent advice. Others have been told to stop cold calling customers, or stop pretending to be [...]
October 5, 2011
Tags: bad debts, bank lending, bankers, consolidate debt loans, Debt Consolidation, debt management plans, finances, Loan calculator, Office Fair Trading, sub prime loans, UK loans rates Posted in: Borrowing Costs, Business Finance, Credit Crunch, Debt Consolidation, Debt Management, Finance, Financial Services, Lenders, Loans Calculators, Loans Rates, Online Banking, UK Loans Rates, Uncategorized No Comments
Compulsory retirement age at 65 fully abolished today
The default retirement age in the UK has been fully abolished today after being phased out from April this year.New legislation stops employers from compulsorily retiring workers once they reach the age of 65. However, research by law firm Norton Rose suggests one in 10 firms plans to offer financial incentives to encourage workers to [...]
October 3, 2011
Tags: Credit Crunch, finances, independent finance, uk recession, unemployment Posted in: Credit Crunch, Finance, Independent Finance, Uncategorized, Unemployment No Comments
Number of workless households fall slightly official figures show
The number of households where no adult aged 16 to 64 is in work has fallen slightly in the past year.The Office for National Statistics (ONS) said there were 3.88 million such households between April and June this year. That was 18.8% of all households and represented a fall of 0.3%, or 38,000, in the [...]
September 19, 2011
Tags: borrowing, Credit Crunch, finances, Loan calculator, unemployment Posted in: Bankrupcy, Credit Crunch, Finance, Loans Calculators, Uncategorized, Unemployment No Comments
Pocket money up after seven years bank finds
Pocket money for children has risen for the first time in eight years but only by 36 pence a week, the Halifax has found.The bank’s annual survey suggests that the average amount received by eight to 15-year-olds now averages £6.25 a week. That meant a 6% increase in the past year, but it was still [...]
September 9, 2011
Tags: bad debts, Credit Crunch, debt management plans, finances, recession, uk recession Posted in: Credit Crunch, Finance, Financial Services, Uncategorized No Comments
Cheques- fight still on to prevent demise says Age UK
The future of cheques remains in jeopardy with specific plans needed to restore faith in the payment option, according to Age UK.The charity was forthright in opposing previous plans to replace cheques by 2018 – a proposal which has now been discarded. But it said there was still a chance that cheques would “wither away”. [...]
August 24, 2011
Tags: bankers, banks, finances, financial services, Loan calculator Posted in: Bankers, Banks, Credit Crunch, Finance, Financial Services, Uncategorized No Comments
Finance watchdogs hindered by flawed information sources
Trading standards departments are continuing to be hindered by two separate and incompatible intelligence databases.Questions have been raised about whether investigations into scams across local authority borders are made less efficient by two twin track systems. Attempts are being made to allow the computer systems to operate together. The National Audit Office recently described the [...]
August 22, 2011
Tags: borrowing, Credit Crunch, finances, financial services, recession, UK loans rates Posted in: Credit Crunch, Debt Management, Finance, Independent Finance, Lenders, Loans Calculators, UK Loans Rates, Uncategorized No Comments
Taxman apologises for poor performances at HMRC
The chairman of HM Revenue & Customs has apologised for the treatment of taxpayers after the service was attacked by a committee of MPs.Mike Clasper said: “We are not happy with our performance in 2010.” The Treasury select committee said dissatisfaction risked undermining public confidence in the tax system. The worst problems were in getting [...]
July 29, 2011
Tags: Credit Crunch, finances, recession, UK loans rates Posted in: Borrowing Costs, Credit Crunch, Finance, Online Banking, Uncategorized No Comments
Hidden credit card charges for travel tickets to be banned
Travel companies have been ordered to end the use of hidden surcharges for passengers paying by credit and debit cards.Potential airline, ferry and rail passengers typically have to click through four to six pages of an online booking before the charge is added to the price. Now the Office of Fair Trading (OFT) has ordered [...]
July 8, 2011
Tags: banks, borrowing, credit cards, finances, Loan calculator Posted in: Borrowing Costs, Credit Cards, Credit Crunch, Finance, Loans Calculators, Uncategorized No Comments
