THE row about bank charges escalated last week with the publication of a report claiming they have risen by 20% over the past three years.
Category: Banks
MoneyExpert: MasterCard Reveals Complex Credit Card Relationships
New pan-European research conducted by MasterCard has offered an unusual insight into our complex relationships with seemingly unremarkable credit cards.
MoneyExpert: More Than One In Four Pensioners Happy To Carry Debts To Their Grave
More than a quarter of all pensioners say that they are counting on death to catch up with them faster than their bank managers.
This Is Money: Banker Joins Billionaires Club
Investment banker Mark Coombs will join the exclusive dollar billionaire club when his finance company floats next month
Read the full article at ThisIsMoney.com
MoneyExpert: Debt Free Direct Profit Explosion Raises Iva Anxiety
Insolvency advisor Debt Free Direct has highlighted the ongoing burden of debt in the UK with a prediction that it will beat profit forecasts by more than ten per cent this year.
This Is Money: March Of The Fee-pay Machines
Four out of five cash machines installed since 1999 charges a fee to withdraw money, but Brits are rejecting them in their droves
Read the full article at ThisIsMoney.com
MoneyExpert: Bank Charges Up By Fifth In Three Years Warns Report
Bank charges have increased by a fifth in the last three years, research conducted by Defaqto has found.
Motley Fool: Rip-off Savings Rates Revealed!
According to the Bank of England, UK residents had over £580 billion on deposit at the end of June 2006. Shared equally among the UK’s 48 million adults, this comes to over £12,000 per head. Alas, much of this cash mountain is owned by just a few million wealthy individuals.
Motley Fool: Are We Deliberately Driven To Bankruptcy?
Oooh conspiracy! Is it possible that the government has a deliberate policy of encouraging people to spend more than they earn? The signs could certainly be explained in that way. They’ve allowed mortgage companies to gradually relax their lending criteria in all sorts of ways, they don’t force lenders to assess income before they provide unsecured loans or credit cards and, in 2004, they relaxed the bankruptcy laws so that people can wipe clean their debts and be discharged from bankruptcy in just three to twelve months. You could even argue that the government’s failure to educate people about saving, investing and the dangers of debt is all part of the master plan.
MoneyExpert: Further Interest Rate Rise Looms
The odds on a further rise in interest rates sooner rather than later have shortened following new figures from the Office for National Statistics (ONS).