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Money Links For 13th Sep 2006
Links to other interesting money articles on 13th Sep 2006.
Motley Fool: Coping With Financial Crisis
Last week, I wrote How To Master Disaster in an attempt to explain how to deflect the slings and arrows of outrageous fortune, including the financial problems caused by death, serious illness, unemployment, accident and so on.
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: When Mortgage Arrears Loom
In the last year, more than three quarters of a million people have missed one or more mortgage payments. So says the national charity, Citizens Advice which is concerned that rising inflation is likely to lead to further rate increases thus exacerbating the situation. After all, missed mortgage payments ultimately lead to repossession.
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.
Motley Fool: Next’s Buyback Boo Boo
The high street is suffering. Retailer after retailer is struggling to maintain profits; Britain’s over-indebted consumers just don’t seem to be able to spend any more. Some retailers are doing better than others, however.
Motley Fool: Safer Online Gamers
Online gaming companies were thrown into turmoil last week after US authorities arrested Peter Dicks, the chairman of online gaming site Sportingbet (LSE: SBT). He was arrested for allegedly violating Louisiana State laws relating to gambling by computer. His arrest followed the arrest of BETonSPORTS (LSE: BSS) boss David Carruthers, who faces charges of racketeering and tax evasion in the State of Missouri.
MoneyExpert: Premium Bonds Celebrates 50th Year With Multiple-million Giveaway
Premium Bond’s operator National Savings & Investment (NSI) has announced that it is to make ten people millionaires to celebrate its 50th birthday.
MoneyExpert: Desperate Renters Gang Together To Bridge Affordability Gap
Desperate first-time buyers are increasingly clubbing together to get the financial clout to get onto the property ladder, claims a new HSBC report.