In the last recession in the early 1990s many unsuspecting adults were caught out, and found themselves racking up serious debt as they relied on finances such as credit cards to get them through the difficult time.
Internet financial giant Egg has found itself at the receiving end of a huge fine relating to the mis-selling of Payment Protection Insurance, after regulators identified serious failings with regards to the sale of this cover. PPI is usually sold alongside loans and credit cards, as well as other types of finance, to protect repayments [...]
Over recent months there has been a change in the trend of shoppers in the UK. Many households have been faced with a surge in the cost of bills, borrowing costs, and other living costs. One of the living costs that has gone up hugely over the past year is the price of food, and [...]
Since the onset of the global credit crunch in the UK last summer many households and individuals have suffered in a number of ways. Credit conditions have become very tight, borrowing has become more expensive, and the economy has been heading downhill fast. On top of this households have had to cope with rocketing inflation [...]
According to a recent report the 25 million victims of the data that was lost by HM Revenue and Customs could be entitled to free credit checks from the country’s major credit reference agencies. Although the government has been in talks with credit reference agencies over the provision of free credit reports for those affected [...]
A recent report has shown that the global credit squeeze that has had a hold on the UK since last summer could still get worse, which could spell increased misery for households. Lenders have said that both consumers and businesses could suffer, and that they are bracing themselves for an increase in the level of [...]
A recent report has suggested that many Brits may not be all that worried about the ongoing global credit crunch, with many stating that the credit crunch is unlikely to affect them or their lifestyles. A survey was carried out by insurance company Zurich, and showed that around 36% of Brits were not concerned as [...]
A 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 [...]
Struggling 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 [...]
According to a recent report a greater number of users are getting access to contactless credit cards, which are plastic...
By admin | July 3, 2009 | Read More
It has recently been claimed that credit cards that are designed to repair the credit of users could actually end...
By admin | July 1, 2009 | Read More
It has been shown in a recent report how credit card interest rates in the UK are soaring, with the...
By admin | June 30, 2009 | Read More
Recent figures released by the Bank of England have indicated that the level of credit card debt in April of...
By admin | June 25, 2009 | Read More
Fraudsters that steal your identity lurk in places where you would never expect to find them. These thieves can’t be...
By admin | June 23, 2009 | Read More