We all know that the unwise use of credit cards can severely damage your wealth. With most cards boasting APRs of 11% or more, they’re an expensive way to borrow and with many finance companies offering ridiculous levels of credit, it’s perfectly possible to achieve a quite scary level of debt, even for those on relatively meagre salaries. It’s therefore perhaps not surprising that personal debt (including mortgages) in the UK is currently over £1.1 trillion, and growing fast.
Motley Fool: Buy-To-Let Insurance Tips
If you get a rental income from a property, you may not be covered under your regular home insurance policy, or the cover may be limited. That’s why it usually makes sense to get landlord’s insurance, which is also known as buy-to-let insurance.
Motley Fool: Ten Tips To Prevent Financial Chaos!
As it is National Identity Fraud Prevention Week (check out the Stop ID Fraud website), I thought I’d take the opportunity to warn you about this financial scam.
This Is Money: 160,000 Hit By Broadband Cut
Around 160,000 people across the UK have lost their internet broadband service after a network equipment failure
Motley Fool: Bright Ideas From The Boards
The Motley Fool’s discussion boards are a great source of investment ideas. Snag is, it can take a long time to dig up the best tips. So, to save you time, here are three of my favourite share suggestions currently circulating in the Fool community.
Motley Fool: Macquarie Swallows Thames Water
Australia’s Macquarie Bank, together with a group of unnamed investors, has bought Thames Water for £4.8b plus £3.2b in debt. The water utility, which is owned by Germany’s RWE, supplies water to about 13 million people in London and the Thames Valley. It came into existence in 1974 when ten regional water companies were created through the Water Act of 1973. It was subsequently privatised by the then Conservative Government in 1989, and later bought by the German multi-utility firm RWE in 2001.
Motley Fool: Investing In Entrepreneurs
I like entrepreneurs. They are the innovators and risk takers who push civilisation forward. But I’m talking about the true entrepreneurs, those who genuinely strive to create profitable enterprises for the benefit of themselves, their investors, and society.
Scotsman: Bank’s £91m Balance Gaffe
A WOMAN was mistakenly told by her bank her balance had reached a staggering £91 million.
This Is Money: Adviser Firm Punished For Pensions Advice
A Peterborough financial adviser has been censured by the FSA for the advice it gave to people to withdraw their pensions early
This Is Money: Equitable Swaps Gags For Cash
Equitable Life is slapping ‘gagging orders’ on customers pursuing mis-selling cases in return for compensation, it has been claimed