Rising insolvency due to a number of factors
February 19, 2008
A recent report has suggested that many industry officials expect insolvency levels to rise over the coming year, despite the fact that there was a drop in the number of people becoming insolvent in the last quarter of 2007.
This drop, which equated to around 16.4% compared to the same quarter in the previous year, has [...]
Lost savings and prizes can be traced more easily
February 19, 2008
Consumers in the UK may be able to trace any lost savings or financial winnings more easily as the result of a website that has been set up by banks, building societies, and National Savings and Investments. The website is a joint venture, and consumers can try and trace their money through www.mylostaccount.org.uk.
Reports claim that [...]
London embraced tap and go cards
February 18, 2008
Last year the tap and go payment card was launched in London, where it was to be trialled in order to gauge popularity and effectiveness before being rolled out to other parts of the UK.
A recent report has shown that the tap and go card is proving popular amongst consumers and businesses in London, so [...]
Act quickly to find a cheaper deal
February 18, 2008
Homeowners that are looking to remortgage to a cheaper deal in order to save money are being urged to take action earlier rather than later, with experts stating that many competitive mortgage deals are only staying on the market for a short space of time, putting the consumer at risk of missing out altogether.
Lenders have [...]
Increased powers for FSA
February 15, 2008
The UK’s financial regulator, the Financial Services Authority, is set to get increased powers in a bid to try and avoid another crisis similar to the Northern Rock one taking place.
The additional powers are to be granted by the Chancellor of the Exchequer, Alistair Darling.
As part of the additional powers the Chancellor plans to enable [...]
Lower rate fixed rates may become more accessible
February 15, 2008
According to a recent report some consumers may be able to enjoy easier access to lower rate fixed rate mortgages, with some deals now available with interest rates of below the 5% mark.
Fixed rate deals with interest rates of around 5% or under seemed to have disappeared for a while recently following the series of [...]
Mortgage Next offer low rate buy to let deal
February 15, 2008
A lower rate buy to let mortgage deal has been launched by Mortgage Next, enabling qualifying applicants that want to get on to the buy to let bandwagon to get a mortgage with an interest rate of 6.29%.
The rate is set for a two year period, and reflects a 0.96% discount.
The interest rates on buy [...]
Britons come top of league of plastic card owners in Europe
February 14, 2008
A recent report has put Britons top of a league of plastic card owners. British consumers have proven to have more plastic cards in their wallets than any other country in the whole of Western Europe.
Independent market analyst Datamonitor’s information show the average British adult carrying 2.8cards about with them. This figure is practically [...]
Fraud against deceased could be reduced
February 14, 2008
Fraud against people that have recently passed away is set to be reduced with the introduction of a new scheme that will make it easier for agencies and firms to identify when someone has recently died, enabling them to update their records more quickly and reduce the chances of fraudulent activity.
In the past fraudsters have [...]
Don’t waste money on pointless insurance cover
February 14, 2008
Consumers are being warned by a UK consumer watchdog group not to waste their money on pointless insurance cover that will either never benefit them or that is unnecessary because the consumer is already protected via another means.
The warning comes from the consumer group Which?, with officials from the group claiming that every year a [...]
