Loan insurance complaints rise

According to a recent report the level of complaints being submitted with regards to loan insurance cover has been rising, and eight hundred complaints each week have been pouring in from consumers with regards to this type of controversial cover. The data has come from the Financial Ombudsman Service.
The FOS has also said that the [...]

Lenders to stop selling single premium PPI by end of May

UK authorities have said that lenders in the UK must stop selling single premium PPI by the end of next month, otherwise they could face serious penalties. Single premium PPI is a type of payment protection insurance that has been under fire for some time because of the costs involved for consumers, as well as [...]

Interest rates could go back up

A member of the powerful Monetary Policy Committee, which votes on base rate changes each month, has recently said that whilst the base rate in the UK has declined rapidly over recent months, falling from 5 percent in October to just 0.5 percent by March, there could also be a rapid climb in the base [...]

Insurance firm refuses to insure musicians despite leading ad man

One insurance company, Swiftcover.com, has taken on rock legend Iggy Pop to head its television marketing campaigns and try and entice consumers into contacting them for insurance cover. However, despite using a well known musician to head its campaigns it has emerged that the insurance firm has refused insurance to musicians, which has outraged many [...]

Industry professionals think that quantitative easing will work

According to a number of industry experts the quantitative easing programme that the government has brought in to try and get the economy back on its feet will work. This month the Bank of England decided to keep rates on hold following the April Monetary Policy Committee meeting in favour of ploughing money into the [...]

Government measures could mean higher insurance premiums

According to a recent report measures that are being taken by the government could result in consumers being charged higher premiums for certain types of insurance cover. It is thought that the types of insurance cover that could be affected by higher premiums include vehicle insurance and travel insurance.
The higher costs are likely to come [...]

Further restrictions for credit card providers

Credit card providers are face further restrictions on their lending regulations, as the government tries to curb the level of credit card debt in the UK. A number of measures are to be brought in by the government to try and curb credit card debt, and also to reduce the level of temptation faced by [...]

Further house prices and possible bankruptcy in store for UK

A leading forecaster in the UK has said that the UK could be in for not only further house prices falls of a significant level but could also be in store for bankruptcy, which was not ruled out of the question. The date came from a report that was recently leaked from Numis Securities. It [...]

Drop in the cost of renting a home

Industry officials have recently released a report showing that due to the influx of private rental properties coming onto the UK market, the cost of renting a home has actually been falling in the UK. The influx of properties onto the market comes about as an increasing number of people have either failed to sell [...]

Credit card limits cut for millions

The credit card limits for millions of cardholders in the UK have been cut recently, taking away an essential financial lifeline for many people that have become increasingly reliant on their credit cards. Many credit card firms have cut their customers’ credit limits, as they try and claw back more money in the current financial [...]

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