What the experts are expecting this year

There is no doubt that last year was a very turbulent one in terms of finances, and a combination of the effects of the global credit crunch, the recession, and the housing slump have all had a profound impact on the economy. Whilst many were hoping that the New Year would bring new hope of [...]

Using a Structured Plan Will Help You Become Debt Free

When you find yourself drowning in debt, you do need to sit down and make a plan for how you can keep your head above water and finally get out of the water completely. More and more UK residents are feeling the pinch of the credit crunch with rising prices that does not leave [...]

Record losses for RBS

According to a recent report the Royal Bank of Scotland is set to receive a further £13 billion worth of taxpayers’ money after reporting record losses under the leadership of disgraced boss Sir Fred Goodwin, who himself is at the centre of controversy and faces a legal battle with the government over the £693 million [...]

Sale of PPI with credit agreements to be stopped

Many campaigners and PPI critics have welcomed recent news from the Competition Commission with regards to the sale of payment protection insurance alongside credit agreements. The Competition Commission has stated that from 2010 the sale of single premium PPI alongside credit agreements such as loans and credit cards will be banned.
As part of the new [...]

The Importance of Finding the Right Credit Card for Your Needs

Most people put most of their purchases for Christmas and New Year’s on their credit card and then dread for the statement to arrive in the mail in January. This has been the case for several years, but the 2009 year is expected to be far worse than previous years because of the economic crisis [...]

RBS boss plans to keep huge pension

The former boss of ailing bank RBS has told the Treasury that he plans to hang on to his £700,000 a year pension despite government threats of legal action. Sir Fred Goodwin will receive a massive pension of £693,000 a year, even though the Royal Bank of Scotland has reported record losses of over £24 [...]

Parents still have to help many young adults

The results of a recent survey have shown that whilst many young adults like to think of themselves as being financially independent, a large number of them are still reliant on their parents to bail them out financially whenever the need arises, with many unable to cut their financial ties with their parents.
Research was [...]

Only a small number of homeowners will benefit from repossession schemes

A number of industry officials have expressed concern over the various government initiatives that have been launched recently in order to help struggling homeowners and keep the rising number of repossessions at a minimum. Some officials believe that only a very small number of households will benefit from these schemes, which means that many homeowners [...]

Millions of pounds worth of premium bond prizes gone unclaimed

In the current economic and financial crisis it would be natural to think that most people would be desperate to get their hands on any cash that they were entitled to. However, according to a recent report millions of pounds worth of premium bond prizes has been left unclaimed by just over half a million [...]

The Higher Cost of Repaying Your Credit Card Debt

With the rough economic times facing all of us, many consumers have been shocked to find that credit card companies and lenders have increased the cost of borrowing by charging higher interest rates. In October, 2008, for example, customers of Alliance and Leicester found that the repayment terms for their credit cards from this lender [...]

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