Huge debts being accrued by women in their twenties and thirties
March 18, 2009
According to data in a recent report many women in their twenties and thirties are running up huge debts, with many trying to cope with much higher loan costs since the latter part of last year. Many women in this age group as said to be turning to expensive forms of borrowing such as store [...]
Launch of the new Banking Act
March 18, 2009
Earlier this month it was announced that the new Banking Act is due to come into effect in the UK. Officials have said that the new Act will provide the Bank of England, the central bank, with greater powers of intervention. It means that the central bank will be able to act more quickly when [...]
Homebuyers being affected by phantom mortgages
March 17, 2009
A recent report has shown how many would be borrowers looking for mortgage loans are being adversely affected because of phantom mortgages that are being offered by lenders only to then be pulled from the shelves before the borrower can actually get the mortgage deal. Some officials have claimed that a number of lenders have [...]
Deputy BoE governor speaks about crisis
March 17, 2009
The deputy governor of the Bank of England, Sir John Gieve, has recently commented on the financial crisis in the UK, and has slammed both the financial regulator, the Financial Services Authority, and the Prime Minister, Gordon Brown, over their handling of the situation.
Sir John attacked the tripartite system that was set up by Gordon [...]
Save Money On Your Holiday This Year
March 17, 2009
Now that the shock of paying for your Christmas and New Year’s purchases has worn off, you can turn your thoughts to holiday time with Easter just around the corner. You may be thinking of taking a holiday when the children have time off from school or you may be waiting until the summer to [...]
Rent our your drive or garage
March 16, 2009
Rent out your drive or garage to earn extra money. You can use the Park Let website to find out how much you can earn. Check out www.parklet.co.uk. Parking spaces in Edinburgh are currently going for between £80 and £100 a month!!!
Consumers raid savings after drop in interest rates
March 6, 2009
A recent report has shown how panic hit the banking industry after consumers tried to withdraw billions of pounds worth of savings from many financial institutions because of the slide in interest rates that were being paid on savings account. The interest rate cuts came after the base interest rate was cut to its lowest [...]
How the Credit Crunch is Affecting the Workforce in the UK
March 6, 2009
Every day the news reports another company that is laying off thousands of workers or one that is shutting its doors permanently. There are very few news reports that do not have some mention of the “global credit crunch” and while we are getting tired of the phrase, it is one that is likely [...]
Concerns over credit card payments amongst Brits
March 6, 2009
Many Brits are lacking in confidence when it comes to being able to meet their credit card repayments in the current financial climate. The data comes from a report that was complied following research that was carried out by Virgin Money. The results of the study showed that there are many people that are concerned [...]
Clear your debt ads could be misleading
March 5, 2009
A number of debt management firms are being warned by the government over their advertisements, which some government officials have said could be highly misleading for consumers with regards to the extent to which these firms can clear the debts of the consumer. These firms have now been told that they need to stop misleading [...]
