Consumers cautious on debt warn bankers
Consumers adopted a cautious approach to borrowing through loans, overdrafts and on credit cards in August according to the major bankers.Repayments on unsecured lending outstripped new borrowing in August by around £100m, figures from the British Bankers’ Association (BBA) showed. The data does reveal a lift in lending in home loans. However, lending remains subdued [...]
September 28, 2011
Tags: bank lending, bankers, banks, home loans, Loan calculator, loans rates Posted in: Bankers, Banks, Finance, Financial Services, Home Loans, Lenders, Loans Calculators, Loans Rates, UK Loans Rates, Uncategorized 
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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
Builders server £120 million writ on bank
Two men behind one of the biggest companies to go bust in the property crash have filed a civil suit against Ulster Bank at the Belfast High Court. Michael and John Taggart ran house builders Taggart Holdings which went into administration in October 2008. Michael Taggart has estimated that the company had debts of about [...]
February 10, 2011
Tags: Bankrupcy, banks, borrowing, Credit Crunch, home loans, Loan calculator, new home sales Posted in: Bankrupcy, Borrowing Costs, Credit Crunch, Lenders, Loans Calculators, Uncategorized 3 Comments
Office of Fair Trading warns against using loan sharks
The Office of Fair Trading is warning people not to go to loan sharks to raise cash for presents and festivities. More than a quarter of a million people may be vulnerable. “There’s a real danger this Christmas because of the financial situation people are in,” said the OFT’s director of credit, Ray Watson. Loan [...]
December 29, 2010
Tags: borrowing, consolidate debt loans, Credit Crunch, home loans, Interest Rates, Loan calculator, loans sharks, sub prime loans Posted in: Bankrupcy, Credit Crunch, Debt Management, Interest Rates, Lenders, Loans Calculators, Uncategorized 4 Comments
UK house prices fall again in November Nationwide finds
UK house prices fell again in November the Nationwide building society finds. The average price dropped by another 0.3% to leave it just 0.4% higher than a year ago, at just over £163,398. The continued fall in house prices as measured by the Nationwide was the fourth drop in the past five months. Prices in [...]
December 6, 2010
Tags: home loans, house prices, Interest Rates, personal loans Posted in: Borrowing Costs, Uncategorized 2 Comments
Credit card write offs fall says Bank of England
The amount of money written off by banks on credit cards fell sharply in the third quarter of the year new Bank of England figures show.A total of £740m was written off, the lowest figure since the first quarter of 2008. This is a 35% fall compared to the record £2.1 billion write off in [...]
December 1, 2010
Tags: Bank of England, borrowing, credit cards, Credit Crunch, home loans, Loan calculator, mortgage calculator Posted in: Bank of England, Borrowing Costs, Credit Crunch, Lenders, Loans Calculators, Uncategorized 2 Comments
British households face second credit crisis, official survey warns
UK households must brace themselves for another credit squeeze, with mortgages far harder to get in the coming months, new Bank of England research has shown. Banks and building societies expect to lend less next quarter – the first time they have predicted a contraction of credit supply since the height of the financial crisis. [...]
July 8, 2010
Tags: Bank of England, BoE, Credit Crunch, home loans, loans Posted in: Uncategorized No Comments
Middle class finances hardest hit by recession
Middle class finances were hit hardest by the recession, new figures indicate, as the value of savings and investments were eroded. The number of professional families, retired couples with good incomes, and young City workers who were declared insolvent surged last year. The findings by credit agency Experian suggested the middle classes saw personal insolvencies [...]
May 27, 2010
Tags: Bankrupcy, borrowing, Credit Crunch, finances, home loans, sub prime loans, uk recession Posted in: Uncategorized No Comments
Unfair bank charges to be banned new government proposes
An end to “unfair” bank and other financial transaction charges are among the new policies that have been set out by the new coalition government. Last year, the Office of Fair Trading suffered a high profile legal defeat in its attempts to regulate bank charges. The government’s plans also include powers to ban “excessive” interest [...]
May 21, 2010
Tags: borrowing, Conservatives, consolidate debt loans, credit cards, Credit Crunch, home loans, loans, OFT Posted in: Uncategorized No Comments
£55 billion of debts are hidden by UK borrowers
Britons owe £55 billion in hidden debts, according to the Post Office research. Nearly a third of people (31%) hide the true extent of debt from family members, according to the research by OnePoll for the Post Office. One in six women (16%) and more than a quarter of men (28%) do not tell their [...]
April 26, 2010
Tags: borrowing, credit cards, Credit Crunch, home loans, Loan calculator, loans, loans rates, personal loans, refinancing rates Posted in: Uncategorized No Comments
