Credit card providers have upped their interest rates, some by more than 12%, after the Office of Fair Trading made them reduce their default fees
Tag: Interest Rates
Motley Fool: Credit Card Rates Rocket!
Bad news for borrowers: interest rates are going up — and that’s official.
Scotsman: Financial Soapbox
AS A homeowner, it is gratifying to see house prices continue to rise year on year. We have yet to experience any real dip, despite the recent interest rate rise.
Motley Fool: CCJs And Charging Orders
County Court Judgments (CCJs) are made when a creditor takes you to court in order to retrieve the money you owe. If a CCJ is granted against you it is entered on the Register of Judgments, Orders and Fines (for England & Wales) and on your credit file. Unless you pay off the debt within one month of the CCJ being granted, it remains there for six years even if you pay off what you owe during that time
Motley Fool: The Seven Best Savings Accounts
Choosing the right savings vehicle can be tricky. The main things to consider are the interest rate, whether the interest rate has any guarantees, and what the maximum and minimum balances are. Other considerations might be how quickly you can access the money, when the interest is paid (i.e. monthly or once a year) and whether you want to make regular contributions, as opposed to depositing a lump sum. Here are the best accounts in their categories.
MoneyExpert: Homeowners Unruffled By Rate Rise Says Survey
Despite shrill complaints from lobbyists and fevered media speculation on the next move, most Britons say that they are entirely unaffected by the recent interest rate rise.
Motley Fool: The Dangers Of Debt Consolidation
Some companies offer personal loans that are specifically designed for debt consolidation. These often have relatively low interest rates, which means lower monthly payments. However, they’re usually dragged out over so many years that you end up paying a fortune in interest.
This Is Money: Return Of The Rate Hike
Britons are bracing themselves for further rate hikes after chancellor Gordon Brown hinted he would lift his growth forecasts.
This Is Money: Rates Must Rise Warns IMF
Interest rates must rise to cool the overheated housing market, international financial watchdogs have warned