In what can only be described as “back to basics” – it looks like a new banking revolution is upon us.
Is the credit card dead?
A report by leading accountants Price Waterhouse Coopers (PWC) certainly thinks so.
Posted in Bankruptcy, Debt, Finance, IVA, Legal Services, Life Assurance, Loan, Mortgage, Pay Day Loans
Does the Government actually understand the financial pressures facing families in 2012?
We have to ask some serious questions regarding the financial competence of certain members of the coalition Government.
Posted in Finance, Legal Services
With credit cards being max’d out what help is available?
Over the last few weeks we have experienced a dramatic rise in enquiries from people looking for help and advice with their finances. The worrying trend is that people are looking to increase their level of personal debt either by looking for a new credit card or a new loan.
Posted in Credit Cards, Debt, Finance, IVA
Xmas has come early for buy-to-let BOOM 2012.
In the last few days the lenders have set their stall out for 2012. What they want for Christmas is a million buy-to-let landlords!
Is the Euro Turkey bad for UK Xmas?
The television screens have been dominated over the last few day’s by our Prime Minister showing two Churchill fingers to the rest of Europe. A good thing or a bad thing? You decide.
Innovative new lenders and small banks plug the lending gap.
I was pleased to read this morning that innovative new bank Shawbrook have announced that they are about to enter the short term lending market, better known as Bridging Loans, with a headline low interest rate of 0.7% per month. Continue reading
Posted in Bankruptcy, Credit Cards, Debt, Finance, IVA, Loan, Mortgage, Pay Day Loans
Rip-off merchants who charge up front fees for loans.
In recent months the Office of Fair Trading (OFT) have been clamping down on rogue credit brokers. In a worrying report, the OFT say that many hundreds of thousands of people have been hoodwinked into parting with £50 to £60 on the premise of obtaining a low interest rate loan that’s guaranteed to be granted if they pay the administration fee over the phone. Continue reading
Posted in Bankruptcy, Credit Cards, Debt, Finance, IVA, Loan, Mortgage, Pay Day Loans
Why an IVA can save your home.
One of the biggest worries for people that are struggling with their finances and considering the debt consolidation options available to them is maintaining the family home.
Posted in Bankruptcy, Credit Cards, Debt, Finance, IVA, Loan, Mortgage, Pay Day Loans
In plain english, the good news and the bad news from the Chancellor
The Bad News
- He admits Europe is heading into recession.
- We will do whatever it takes to protect us from the fallout of Europe.
- It may prove hard to avoid recession in the UK. (I would say we are already there).
- We will be building roads and homes to build our infrastructure.
- We will experience slower growth and borrow more as a nation.
- Set public sector pay awards at an average of 1 per cent for each of the two years after the current pay freeze comes to an end.
- Raise the State Pension age to 67 between April 2026 and April 2028
- We will not increase the child element of the Child Tax Credit by more than inflation and not up-rate the couple and lone parent elements of the Working Tax Credit by inflation next year. Continue reading