For sometime now we have heard the rumours about credit card debts and loans being written off by their various providers. Then last week BBC One showed a Panorama television programme called “Can’t Pay, Won’t Pay” We heard Sir Roy Good an eminent Solicitor who was involved with the drawing up of the Consumer...
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BBC Panorama – “Won’t Pay, Can’t Pay” Last night the BBC One showed a Panorama programme called “Won’t Pay, Can’t Pay” where they investigated openly about finance agreements being flawed and unenforceable and how a couple had exploited loopholes in the law to have thousands of pounds worth of debt written off legally. They showed...
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The money saving tips discovered that the current growth of UK debt is £1million every 8 minutes and we all contribute a Stonking £263 million in interest a day. There is currently 27.4million credit cards transactions made a day with a total value of £1.56billion. The total credit card debt in the UK for...
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It’s astounding, time is fleeting and still they are bleating about the mis-management of the banks. Yesterday the Prime Minister Gordon Brown and his Chancellor Alistair Darling agreed to the £37billion requested by the Royal Bank of Scotland (RBS), Lloyds TSB and the Halifax. We are told repeatedly that they have not nationalised these banks,...
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Breaking news from the Halifax Bank who are reporting a 13% drop in house prices for the last year. They claim that the current house price drop is the fastest and the largest house price drop they have ever recorded. The Halifax says that the monthly house price drop of 1.3% per month is...
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No, that’s not a misprint. Even though falling interest rates are good when you want to get a loan, they are bad for people with savings accounts. In this economy your best investment- the best place to put your money – is into paying off debts. Think of it as investing in your debt...
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We are getting a raw deal. It seems that the banks have succeeded in socialising their bad debt and poor management ability on the backs of ordinary working people and in the process they have now thrown us head long into spiralling unemployment, rising food and utility costs, along with a future of uncertainty,...
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