Articles in the Credit Category
The Sub-Prime Mess Comically Explained
May 7th, 2008
If you’re wondering how we ended up with the credit crunch, following the problems with sub-prime mortgage lending in the US, then this funny set of slides might help you understand. Beware, there is some adult language, but it’s worth going through the full 40-odd images for a …
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Egg Cracks
February 3rd, 2008
As a current (although soon to be ex) Egg customer, I’m interested to see the fallout from their decision to cancel the credit cards of 161,000 customers.
According to Egg, they are no longer willing to give credit to those who they say now pose an unacceptibly high risk.
To be …
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The Credit Crunch Explained
November 22nd, 2007
Kirsten at the Simple Pound found an animation on FT.com which explains why the current “credit crunch” has occured.
I love these sorts of things - they can make understanding a complex problem much simpler.
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Get A Free Annual Credit Report
September 27th, 2007
A few days ago I posted some tips for improving your credit rating, one of which was to ensure you monitor your credit rating.
Generally, you have to pay a company such as Experian or Equifax a couple of quid for your report, but I’ve just been reminded of a …
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Tips For Improving Your Credit Rating
September 20th, 2007
Out of curiosity, I recently checked my own credit rating, just to make sure there was nothing nasty on there (and why should there be?!). What it did tell me was that having moved house within the past year could cause me problems if I applied to get more credt.
If …
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This Is Money: Crackdown On IVA Sellers
January 17th, 2007
More than a dozen firms promoting IVAs to people unable to cope with their debts have been ordered to stop using misleading adverts
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MoneyExpert: ‘Switch Cards To Help Debts’
January 17th, 2007
January is a good opportunity to compare credit cards and take advantage of zero per cent interest offers, it has been claimed.
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MoneyExpert: Loans ‘could Help With Home Improvements’
January 13th, 2007
Those who are planning to compare loans and find the best rate to suit their financial situation could benefit from advice regarding the possible uses for credit taken out this way.
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MoneyExpert: ‘Over Half’ Of Homeowner Loans Protected From Rate Rise
January 12th, 2007
Some 53 per cent of homeowner loans held with building societies will not be affected by the Bank of England’s (BoE’s) recent base rate rise, it has been claimed.
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MoneyExpert: Banks Waive Balance Transfer Fees
January 12th, 2007
Consumers looking to compare credit cards and transfer an outstanding balance are being alerted to news from Yorkshire Bank and Clydesdale Bank.
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