How fit are your finances?
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Applying for a new loan or credit card is a competitive business, with the best deals going to the people who have the fittest credit history. If you want to be in the running, you need to remember the old [...]
Learn MoreHow to trash your credit rating and how to avoid it
The Money Saving Expert has discovered that in the last five years, most people’s attitude to their credit status was, “It must be OK - I’m always being offered cards and loans.”
Today, things couldn’t be more different. Banks facing the combined effects of the credit crash and recession have tightened their lending criteria so that [...]
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- Tags: banks, credit card, debt, Experian credit report, Mortgage
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 [...]
Should I overpay my mortgage or save my money?
The question of whether to over pay your mortgage or accept a low return on your money invested is an importance issue in today’s economic climate. As a money saving expert, I will explain how you can save thousands of pounds by over paying your mortgage and why it is more tax efficient than saving [...]
Payment protection Insurance (PPI) claims are up 118%
News Update
The Association of British Insurers (ABI) announced that the number people claiming unemployment had risen sharply from 8,772 in November 2007 to 19,105 in January this year. The effects of this recession are now starting to have a direct impact on ordinary people who are now losing their jobs. Losing your job can be [...]
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- Tags: banks, compensation claim for mis-selling, compensation claim for mis-selling PPI, compensation for mis-selling, credit card, e-book, ebook, guide, Guide to Mis-selling PPI, guide to PPI, How to, how to reclaim Payment Protection Insurance, How to reclaim PPI, insurance, mis-sold Payment Protection Insurance, mis-sold PPI, missold PPI, Mortgage, Payment Protection Insurance, Payment Protection Insurance compensation, personal loan, PPI, PPI compensation, PPI e-book, PPI ebook, reclaim, reclaim compensation, reclaim PPI, redundancy, redundant, unemployment
The Governments Great Bank Bailout has not worked!
What’s the alternative?
The problem we face now is not the cost of money but the availability of money. We need the interbank base rate to ease up to make it possible for banks to get money from the markets to allow them to lend again properly. The low interest rates at present do not allow [...]
Can small businesses survive this recession?
Tougher times are expected for small and medium sized business. Business failures are expected to rise by a staggering 50% which means that failed businesses could peak around 32,400 in 2010; this would be the highest level recorded since 1992. The Federation of small businesses said that they had recorded a dramatic increase of 214% [...]
Confidence is the key to recovery from this recession
Trying to find anything to be confident about with regards to our economy is extremely difficult at present. Earlier this week, we saw the American’s being full of confidence and optimism for the future as they heralded in their 44th President Barack Obama. We are constantly bombarded with information by the media. Today the media [...]
Payment Premium Insurance (PPI) to be axed by the big banks
The Financial services Authority (FSA) has fined banks and lenders for the mis-selling of Payment Premium Insurance (PPI) and for failing to treat their customers fairly. Payment Protection Insurance cover (PPI) is sold to borrowers to cover them against the risk that they may not be able to pay their monthly payment on a credit [...]
Homeowners 2-year Mortgage holiday debt nightmare?
Gordon Brown could not wait to upstage the Queens’ Speech by releasing his governments’ latest initiative to the MPs in the House of Commons. He announced that mortgage borrowers who suffered from a drop in income would be able to defer their mortgage interest payments for up to two years.
This initiative was agreed by the [...]
Chancellor Alistair Darling announced ‘The Savings Gateway Scheme which will be introduced in 2010. It is a state-funded saving scheme to help lower income families to start saving. It is part of the Governments long-term plan to support individual savings, it originally started with the launch of the Isas, Child Trust Funds.
This scheme is primarily [...]
