All Things Finance
Survey shows 3.9% Brits in perpetual Christmas debt
Posted 2007-12-12
A Your Money Matters Show survey states one-tenth of festive shoppers will continue paying off their purchases until next September while 3.9% of holiday spending spree die-hards will not have paid off their debts until December 2008. Further research shows one in five Brits will still be paying off Christmas until next June. ...
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Abbey survey reveals widespread financial obesity
Posted 2007-12-11
Alarmingly, only 1% of Britons wield the muscle to state they are completely financially fit, according to a recent Abbey survey. Abbey’s research of financial fitness was tracked using a scale from zero to one-hundred; zero equalling a “financially fit...
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Banks continue discrimination against elder consumers
Posted 2007-12-10
Older folks will continue to sustain age discrimination by well-heeled banks when seeking credit, the BBC reports. Banking institutions maintain they should retain executive licence over deciding factors of whether borrows can carry on in a financially sound life -...
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LIBOR growth rate pressurizes interest rate cut
Posted 2007-12-6
The London Interbank Offered Rate (LIBOR) - the rate at which banks lend unsecured funds to one another - has shown sharp growth. Experts say this is one of the key factors behind a probable cut but which has also led to a return of the critical situation in the credit industry seen during the summer. ...
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New standards set for Individual Voluntary Arrangements
Posted 2007-12-5
Angela Knight, the British Bankers’ Association (BBA) Chief Executive explained, “People in debt and their creditors need to know that when an Individual Voluntary Arrangement (IVA) is proposed, it is the most appropriate solution.” ...
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Citizens Advice offers remedy to holiday “hangover”
Posted 2007-12-3
Citizens Advice is now urging Brits to buy wisely and plan spending as its bureaux prepares for a rush of debt enquiries in 2008. ...
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Post-Christmas queue for credit seekers forecasted
Posted 2007-11-30
Weathering the current credit storm for individuals seeking personal loans or mortgages may hinge on their swiftness to act before Christmas. ...
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PricewaterhouseCoopers sites credit changes in store for Christmas
Posted 2007-11-26
In its Precious Plastic 2008 report, PricewaterhouseCoopers (PwC) states that credit card providers are realizing declines in profits due to the increasing number of consumers being unable to make repayments, as well as increased competition in the saturated business sector....
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US sub-prime fallout cuts credit limits across UK
Posted 2007-11-20
The ongoing global financial crisis is tightening the limits on the amount consumers are being allowed to charge on their credit cards. Borrowing limits for historically good paying customers aren’t being spared either, and many are being “slashed” by providers,...
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Research indicates fewer Britons using credit for holiday season
Posted 2007-11-8
In direct response to the ongoing credit crises and according to debt consultancy Thomas Charles in conjunction with pollsters YouGov, one in four Britons now intend to “avoid” using their credit cards this Christmas season. The crunch in global financial...
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