More than a quarter of all pensioners say that they are counting on death to catch up with them faster than their bank managers.
Tag: Loans
This Is Money: Debt Firm Boosted By Borrowers’ Woes
Debt firm ClearDebt has cashed in on ‘phenomenal’ rise in the number of people unable to pay off loans and credit card bills
Read the full article at ThisIsMoney.com
This Is Money: First-time Buyers In Record Debt
First-time home buyers are risking financial meltdown by taking on record loans averaging £110,500
MoneyExpert: Almost 750,000 Homeowners Missing Mortgage Payments Warns Report
Nearly three quarters of a million people have missed one or more mortgage payment over the past year, new research from Citizens Advice has shown.
Motley Fool: Find The True Cost Of Your Mortgage
In so many ways, comparing financial products online is easy. Not so with mortgages. When we compare mortgages, it may seem simple to glance down over the interest rates for the best one. Most mortgage comparison tables also show such things as the early redemption charge amount and period.
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: HSBC Announces Clampdown On Overdraft Borrowing
HSBC has announced that it is to launch an “annual review” of all customers’ overdrafts to clampdown on customers routinely borrowing over their limit.
Motley Fool: The Student Credit Card Guide
Hear ye all students! Use your student loan wisely. Try reigning in your spending and get a part-time job. Look for interest-free overdrafts and borrow from your parents. This is the Foolish way. If, however, you have absolutely no alternative but to get a credit card, you’ll need to understand which is the best for your needs. Don’t just go to your bank, as they probably won’t have the right deal for you. You should compare credit cards, or, as we more truthfully prefer to call them, debt cards. Here are some ideas:
MoneyExpert: Mortgage 2000 Announces Two-year Tracker For Remortgagers
The Mortgage 2000 club has announced the launch of a two-year tracker rate mortgage tailored to meet the needs of remortgagers, particularly those hoping to raise capital.