Misleading debt advice sites targeted by watchdog
May 5, 2009
The UK consumer watchdog, the Office of Fair Trading, has been targeting misleading debt advice sites that are supposed to deal with debt management programmed for consumers but have apparently ended up misleading troubled consumers that are trying hard to get themselves out of debt.
A total of thirteen companies is being targeted by the OFT, [...]
Many seek safety with National Savings & investments
May 5, 2009
Many worried savers that no longer want to trust their hard earned cash with regular High Street banks seem to be turning to safe havens such as National Savings & Investments, according to a recent report, with an increasing number of people opting to put their money into NS&I rather than continue putting their trust [...]
Mandelson wants banks to be given a break
May 4, 2009
There is no doubt that banks have been given a hard time of late, both by consumers and by politicians, and they have been slated for irresponsible lending, huge bonuses for executives, and more. However, Business Secretary, Lord Mandelson, has now decided that it is time to cut the banks a break.
Mandelson said that it [...]
Many pensioners having to sell their homes
May 4, 2009
A recent report has suggested that an increasing number of elderly homeowners in the UK are being forced to sell their homes every year in order to get the money together to get a place in a care home. It is estimated by one leading charity that around sixty thousand homeowners are having to sell [...]
Low base rate could mean end to free banking
May 1, 2009
For many years people in the UK have enjoyed free banking services, although some would argue that the various charges and fees that are imposed under certain circumstances counteract the offer of free banking. However, banking services have essentially been free other than for those that have decided to upgrade to a paid premium account.
However, [...]
Lower interest rates improved consumer confidence in March
May 1, 2009
According to a recent report there was an increase in consumer confidence in the UK for the months of March, with consumers being more optimists as further cuts in the interest rate left many with more money in their pockets due to lower repayments. This is despite the gloom that is being created by job [...]
