Did you know that the longer side of a credit card measures about 85mm? This means that if you lined up the UK’s 74 million credit cards end to end, they would stretch 6,290 kilometres, or roughly 3,930 miles, which is close to the distance from London to Chicago!
Category: Banks
Family Finance: Getting A Mortgage For Your First Home
So you’re serious about buying a home and you think you have enough money together to take the plunge into the property market?
MoneyExpert: Monthly Mortgage Figures Continue To Break Records
Overall mortgage lending reached £30.4 billion during July, down six per cent from the all-time record of £32.4 billion in June, says Council of Mortgage Lenders (CML) figures.
MoneyExpert: Government Accused Of Debt Complacency
The government has been accused of complacency over rising levels of personal insolvency after a report claimed that Whitehall was “making progress” in fighting debt.
Motley Fool: Lenders Sneak In Extra Rate Rises
As always, the banks have been swift to pass on the Bank of England’s recent 0.25% rate rise to those with mortgages but haven’t been quite as quick to hand it on to savers. Quelle surprise!
Motley Fool: High-Interest Current Accounts
Most current accounts pay a rather paltry rate of interest when you’re in credit. It makes you wonder why banks even bother paying it when the best they can do is 0.1%!
Motley Fool: The Lowest Of The Low
What’s the cheapest share in the FTSE 100 on a forecast P/E basis? Don’t check it out, guess. Yes I know, I hate these silly games too. If you weren’t fully aware of the state of major shares you might think a housebuilder, or a bank perhaps. Both of those sectors are rated pretty cheaply […]
Motley Fool: Students! Don’t Bank On Bankruptcy
School leavers about to go off to university appear to have mugged up on the bankruptcy laws before they’ve even arrived on campus. I’m not sure if I sympathise with them or whether I find it rather cheeky! According to the latest survey of soon-to-be students, the credit reference agency, Equifax, found that 11% of […]
Motley Fool: Nigeria’s New Scam
Anyone with an email address is highly unlikely to have escaped being contacted by someone trying out the infamous Nigerian ‘419’ scam. This is probably the most well-known of all the email scams and invariably comes from someone related to a dead Nigerian dictator who desperately needs your help in smuggling the family’s millions out […]
MoneyExpert: July Inflation Down But Bank May Be Forced To Raise Rates Say Analysts
July inflation figures are down on recent months, City analysts have claimed, but warned that this was not likely to be sustained or ward off the risk of a further rate rise.