The Financial Services Authority today given people more time to take their PPI claims to the Financial Ombudsman. Presently, anyone seeking to make a PPI claim has 6 months from the time their clami is dealt with by their bank or provider, to then refer it to the Financial Ombudsman. However, this temporary extension for [...]
The latest Council of Mortgage Lenders figures indicate that mortgage lending his £9.2 billion for the month of February 2010. The figures include both secured loans for residential property purchase and remortgages as well. £9.2 billion marks a 6% increase on January’s figure of £8.7 billion.
The Council of Mortgage Lenders acknowledges that an increase in [...]
The Financial Services Authority, which last week announced further consultation on the PPI claims fiasco and how consumers should be compensated, estimates that the widespead misselling of PPI will end up costing the industry £4 billion.
The cost, it estimates, will be broken down roughly as £3 billion in compensation to consumers who have not yet [...]
A CCJ, or County Court Judgement is an order issued by a county court, which tells you how much you should pay and you should pay money owed to a creditor.
But how does a CCJ affect your credit record?
There is a nationally held register of all CCJs that is known as the Register of Judgements, [...]
CCJ stands for County Court Judgement. But exactly what is a CCJ?
It is essentially a judgement issued by a county court, when a debtor fails to pay money they owe to a creditor. If you have failed to pay what you owe to a creditor, the creditor applies to the county court for them to [...]
There are so many different types of cards available now, that it can be almost impossible to keep on top of which one does what and how much they’re costing you! Credit card, store card, debit card, pre-pay card… So what are they all?
Debit Cards
Quite simply, the card associated with your bank account. They are [...]
Consumer driven Britain means more of us than ever are now turning to credit. We borrow money for all sorts of reasons, in the form of mortgages, credit cards, store cards and loans. But before you sign on the dotted line, there are a number of things you really should be absolutely sure to check. [...]
Why Access Your Credit Record?
With ever growing concern about identity theft and fraud and the ease with which credit is available, checking your credit record should be something you do frequently. However, most of us don’t think to even check unless we’re turned down for credit somewhere and we’re not sure why.
One thing worth keeping [...]
Wondering why you always seem to be creeping dangerously low on funds two weeks before the next payday? Ever sit and wonder just where on Earth your money goes? Maybe this is why you’re skint!
Spending at Work
Assuming you work Monday – Friday, have 20 days annual holiday per year plus bank holidays, you will go [...]
The nationalised Northern Rock bank’s charitable arm, the Northern Rock Foundation is to fund personal debt advisers in a bid to help those badly affected by the recent recession.
While the recession is at a formal end, its effects are still being felt and it’s hoped that debt advisors could help those who have been adversely [...]