More mortgages withdrawn-no let up for borrowers

Last week sadly saw another 240 fixed and variable rate mortgage products withdrawn from the market, piling more misery and even less choice onto borrowers. According to financial analysts Moneyfacts, this now brings the total number available to 5,485.
What a difference a year can make (or rather 6months) since it was only last summer there [...]

Credit cards are being used for everyday purchases

A new study shows that many people in Britain are using their credit cards for simple everyday purchases as an alternate means to carrying cash.
Fool.co.uk’s figures show that 32% of consumers admit to regularly paying for regular, everyday items with their card, with only 29% saying they actively carry cash to cover any expenditure they [...]

Using the internet to find finance

In days gone by getting any sort of finance, whether it was a credit card, mortgage, or loan, could prove to be a troublesome and time consuming process, and many people found that it could take a long time – and prove very frustrating – to get the finance that they needed.

Boost in retail spending for February

Although the government has expressed concern over the low level of consumer confidence and the knock on effect that this has been having on the economy over recent months, February figures showed that there was a surprise boost in retail spending in the UK, indicating that despite strained household finance many consumers are continuing to [...]

First time buyers hit by extortionate rates

A recent report has shown that many fist time buyers are continuing to have problems when it comes to securing a mortgage, with many being hit by extortionate interest rates on mortgage loans.
With lenders increasingly wary over lending to higher risk customers, and with first time buyers having little by way of deposit to put [...]

Egg boss resigned but not over credit card fiasco

Following the resignation of the boss of Internet financial giant, Egg, the financial firm has announced that his resignation was nothing to do with the fiasco that occurred in relation to credit card accounts earlier this year.
Some weeks ago, Egg announced that it was cancelling the credit cards of 161,000 customers, and this caused outrage [...]

Who is most at risk from identity theft?

According to a recent report based on statistical data those most at risk of becoming a victim of identity theft in the UK are young professional males that live in the London area.
Identity theft has become a topic of real concern over recent years, with recent data loss incidents by banks and government agencies adding [...]

Is your credit holding you back?

The state of your credit profile has always been important, but these days your credit file and history can make more of a difference than ever when it comes to your financial future.

Shopping for your home insurance cover

It is important that you take care when shopping around for home insurance cover, as this form of protective cover can be very important and could provide you with valuable financial protection in the future.

Halifax increase their credit card rates

Last week, Halifax informed their customers of a rate increase by as much as 5%. Some customers appealed against this decision and succeeded in getting it overturned due to their long-standing custom with the building society.
Others, have had Halifax Classic cards raised from 10.9% to 15.9% and the One cards nearly doubling from 5.9% to [...]

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