Report shows families under financial strain
Archive for July, 2008
Report shows families under financial strain
By admin | July 30th, 2008 | GeneralA recent study that was conducted by the Centre for Policy Studies has shown that many families in the UK are still under considerable financial strain. Taxes, bills, and living costs have risen far more quickly than wages, and this has made it difficult for consumers to stretch their monthly income as far as it [...]
No joy from Griffiths’ meeting with Egg
By admin | July 21st, 2008 | Credit CardsFollowing Egg’s announcement that 161,000 credit cards were to be withdrawn from customers there has been outrage amongst consumers and some industry professional in the UK. Egg, owner by Citibank, reviewed over 2 million credit card accounts, and contacted 161,000 customers to state that their credit card facility was being withdrawn because they posed a [...]
Competition Commission to crackdown on PPI
By admin | July 18th, 2008 | FeaturedPayment Protection Insurance, otherwise simply known as PPI, has been at the centre of controversy for some time now. Over recent years there has been much evidence of this type of insurance being mis-sold, and the past couple of years has seen the Financial Services Authority really cracking down on the lenders and providers that [...]
Banks hassling struggling consumers
By admin | July 16th, 2008 | GeneralStruggling consumers in debt in the UK are being targeted and hassled by some High Street banks, in a bid to try and get the consumer to ‘deal’ with their debt issues by taking out a more expensive loan. In many cases the banks are leaving the consumer in an even worse situation, with more [...]
Is Britain the most expensive place to live in the Western world?
By admin | July 16th, 2008 | FeaturedIs Britain now the most expensive place to live in the Western world? This is what many people may well have been asking themselves over recent months, with house prices that are out of this world after a ten year boom, rapidly rising bills, increased petrol and food costs, below inflation pay rises, and blundering [...]
Make sure you try and repay your credit card balance in full
By admin | July 15th, 2008 | Balance Transfers, FeaturedMost consumers these days have some idea of the importance of repaying their credit card balance in full, but based on a recent report it seems that many people may not be aware of the full extent of the cost of failing to repay the balance in full. Credit card companies are well known for [...]
More people spend more money on their credit cards on Saturdays
By admin | July 14th, 2008 | Credit CardsA recent report has highlighted how many people spend far more money on their credit cards on Saturdays compared to any other day of the week. In fact, the research indicated that over our lifetimes the average cardholder will spend in excess of half a million on a credit card just on Saturdays, reflecting the [...]
Credit card costs still spiralling says expert
By admin | July 12th, 2008 | Credit CardsInterest rates in the UK have been cut three times since December of last year, with the base rate falling to 5% from 5.75%. Since April the base rate has been held at 5%. However, whilst the base rate is now the same as it was in 2006 following the recent cuts, industry officials are [...]
Consumers not careful enough over plastic card security
By admin | July 8th, 2008 | Credit CardsWith plastic card fraud on the increase, and fraudster finding increasingly sophisticated methods through which to rip people off, it has become increasingly important for cardholders to exercise caution and take steps to protect themselves against card fraud. However, officials from one consumer campaign group have stated that they are concerned over the slack attitudes [...]
Rise in insolvency levels fuelled by various factors
By admin | July 7th, 2008 | GeneralDespite a small drop in the level of insolvencies in the latter part of last year, many industry experts have predicted that insolvency levels over this coming year will rocket, branding last year’s drop as simply ‘the calm before the storm’. Many had predicted that there would be a mass influx of people becoming insolvent [...]
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By admin | March 5, 2010 | Read More
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By admin | March 3, 2010 | Read More
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By admin | March 1, 2010 | Read More