Archive | Credit Crunch

Unemployment is still rising what are your views? – Recession News

Unemployment has now risen to 2.38 million in the last three months, the Office for National Statistics reported. Unemployment figures do not indicate the depth of the recession or when we are nearing the end. Businesses are still fighting for their survival and they continue to cut jobs as a way of saving money in […]

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New Negative Equity Mortgage offered by Nationwide – Mortgage Advice

At a time when all mortgage lenders have shown us they do not have an appetite to lend money, along comes the Nationwide with a pioneering new niche mortgage product for their existing borrowers. Last month they introduced their ground-breaking negative equity mortgage to their clients. This will allow their borrowers to borrow up to […]

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CreditExpert – The first timer’s guide to surviving the recession

Surviving The Recession With CreditExpert Recessions come and recessions eventually go but if you were born in the 1980s or 1990s, you may not know what to expect or how to cope during a period of financial uncertainty. This guide gives all you first-timers a few pointers to surviving until the next boom comes around. […]

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How to cut back without losing out – Debt Advice

We all need to be careful with money at the moment and money saving tips and expert advice is always welcome  – but we’re used to enjoying a high standard of living and regular indulgences. From the big things, such as a wedding or holiday, to everyday necessities, like electricity and food, these tips could help you […]

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Facts about Prepaid Credit Cards – Credit Card Advice

Britain struggles under the weight of historic debt caused in part by the banks irresponsible lending policies and the public’s belief that they could control their high mortgage costs, credit card debts and loan repayments. Credit card providers in the past have issued new credit card agreements to anyone and everyone without conducting proper financial […]

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The do’s and don’ts for Financial Success – Money Expert

Now more than ever it pays to be savvy when it comes to getting the right credit you need to run your life. Luckily, you don’t have to be an expert to stay on the money. These simple steps could help you find financial success and help you to find the right debt solution if […]

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Credit Ratings Can Be Improved Within Six months

Your Credit Ratings Can be Improved If you believe everything in the news these days, it’s almost impossible to get a good deal on credit. Luckily, that’s just not true. If you have  good credit ratings, you can still qualify for some great deals – whether you want a card, loan, mortgage or simply the […]

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Money Saving advice for Mortgage Borrowers facing Negative Equity

During the 1993 housing recession it was estimated that one and a half million homeowners had negative equity. The Council of Mortgage Lenders has announced that approximately 900,000 homeowners currently have some degree of negative equity.  They believe around 600,000 of these homeowners have seen modest shortfalls of around 10%. When compared with the previous […]

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The Mortgage interest rate looks to have bottomed out

Money saving Expert says, surely the Bank of England base rate cannot drop any further? They could drop another half a percentage point to zero but there seems little point in reducing interest rates further. The government and the Bank of England have now introduced and started the process of Quantative Easing. They will spend […]

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Rescued Banks charge extortionate rates for personal loans

As a provider of  money saving advice , I can understand banks and finance institutes charging high interest rates to clients that have a less than perfect credit report where they have missed payments, fallen into arrears, been issued with defaults and county court judgements. But it looks like these banks were charging these interest […]

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Cost of Living has increased by 18% in the last year

  The cost of living is believed to have increased by 18% over the past year. Much of the increase in our supermarkets is due to the decline of our currency on the exchange rate market against other major currencies. Goods and services are today more expensive than twelve months ago. Household budgets look to […]

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Quit Smoking and Save Money today!

Health cost The single greatest cause of preventable illnesses and early death is caused by tobacco consumption or better known as smoking. Cancer Research UK estimates that 114,000 people die each year from smoking related diseases including cancer. Smokers find it extremely difficult to give up smoking due to the highly addictive nature of nicotine […]

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Are your debts out of control? Don’t ignore the warning signs

If you developed a strange rash that just wouldn’t go away, you’d visit your doctor – but it’s amazing how many people who listen to health warnings don’t do the same when it comes to wealth warnings. Now more than ever, it’s crucial to monitor your debt levels to prevent a slide into the financial […]

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Cheltenham & Gloucester Tracker Rate Mortgage comes up trumps!

A few weeks ago I was talking with another client who had a tracker rate mortgage with the Cheltenham & Gloucester.  She told me that her tracker mortgage which I had arranged for her on a 1.01% below the base rate had reduced her monthly payments down to 25pence a month on a fairly substantial […]

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Mortgage Borrower buy’s Schnoodle with money saved on low interest rates

Buying a Schnoodle I was talking with some clients last night and they happened to mention how they had more money at the end of each month since the interest rate had dropped from 5% to ½ %.  As a money saving expert I wanted to know what they were doing with their new found […]

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