‘Figures released today by the British Bankers Association (BBA) show that personal loans and consumer credit fell during October.
The BBA found that consumer borrowing was down across a wide range of financial products, including mortgages, credit cards and personal loans.
Although total credit card borrowing totalled just over £7 billion in October, this figure was actually […]
‘The City watchdog yesterday warned Britain’s banks that they face heavy fines and tough new regulations if they fail to improve the treatment of their customers.
In a speech at the British Bankers’ Association’s annual retail banking conference, Clive Briault, the Financial Services Authority’s managing director retail markets, said that “tougher enforcement action or detailed regulation” […]
‘Two leading analysts at Deutsche Bank have warned that house prices may slump by up to 15 per cent in 2005.
In a note distributed to investors, Ciaran Barr and George Buckley argued that the Bank of England would have to start lowering interest rates next year to avoid further price drops.
Commenting on the prediction, Mr […]
‘City watchdog, the FSA (Financial Services Authority), has told the banks not to force its hand when it comes to treating customers fairly. In a speech to the British Bankers’ Association, Tuesday, Clive Briault, Managing Director of Retail Markets, said that tougher enforcement or detailed regulation are the two options open to the FSA if […]
‘One late payment on your credit card can pack a pretty hard punch. Not only with fees and rate hikes on the card in question, but also with penalties on your other credit cards.
Almost half of all credit cards have so-called universal default penalties, which allow the credit-card company to increase your interest rate if […]
‘Analysts believe that taxes will be increased during the next economic cycle in an attempt to plug a perceived budget deficit, a new poll has found.
A study by the TaxPayers’ Alliance (TPA), published ahead of the December 2nd Pre-Budget Report, also found that key figures in the City of London anticipate a deficit in 2005/06.
TPA […]
‘Unbeknownst to you, while you innocently trot your respectable credit score around to lenders as you shop for a mortgage or car loan, your credit card companies may be mucking things up. Here’s what’s going on: A study by the Federal Reserve Board has found that some credit card companies are failing to report your […]
‘With lots of holiday shopping coming up, do have questions about the fine print on your credit card bills?Andrea Lepoint uses her credit card to pay for the necessitiesof life, b ut the middle-class working mother struggles to make theminimum payments every month.
Andrea Lepoint: “My husband and I tried to pay off all those bills […]
The Consumer Federation of America and the Credit Union National Association have compiled a basic list of tips to help consumers avoid getting into debt this holiday season. Here are the first three tips they give:
‘Budget Holiday Spending: Before you start shopping, decide how much you can afford to spend and stay within that budget.
Make […]
‘The ability to manage finances and credit card debt at an early age is becoming a key focus of education. The financial decisions teenagers make now can impact the rest of their life, but as WAVE 3’s David McArthur reports, a new program is on the way to help.
Even on our campuses for high learning, […]