Debt-fuelled Brits risk holiday hangover
One in three Brits risk a financial holiday hangover by paying for their holiday using debt, according to new research. Research by Bright Grey found 32% of holidaymakers will pay for this summer’s break using a credit card, travel agent payment plan, or by borrowing money from family and friends. Sun-seekers will borrow an average [...]
Publ.Date : Tue, 13 Jul 2010 14:10:45 +0000

Triodos and Charity Bank on track for record lending
Mid-year figures from Charity Bank and Triodos Bank show both lenders are on track for a record year of lending. During the first six months of this year, Charity bank agreed £20.9 million of new loans. This is compared to a total of £22.9 million for the whole of 2009. Figures from Triodos show new [...]
Publ.Date : Tue, 20 Jul 2010 15:46:10 +0000

Research shows 1.2m taking out payday loan each year
According to research by watchdog Consumer Focus, the number of people taking out a payday loan has quadrupled in the last 4 years. The consumer group said 1.2 million people are now taking out a payday loan every year – borrowing more than £1 billion. Payday loans are becoming more popular and are seen as [...]
Publ.Date : Sun, 15 Aug 2010 17:01:33 +0000

PPI rarely provides adequate cover
“Onerous clauses” on payment protection insurance (PPI) mean that borrowers unable to pay back their loans rarely receive an insurance payout, a finance expert has claimed. David Kuo, director of Motley Fool, said consumers are being duped into believing PPI will cover them if they have legitimate reasons for failing to make loan repayments. “Borrowers [...]
Publ.Date : Fri, 21 May 2010 07:59:52 +0000

Competition Commission step nearer to banning PPI
The Competition Commission is pressing ahead with its proposal to ban the sale of the controversial payment protection insurance (PPI). Under a PPI policy, an agreed sum of money is paid out each month to fully cover, or cover a percentage of the payment due on your mortgage or loan if you are unable to [...]
Publ.Date : Sun, 16 May 2010 17:15:27 +0000

Debt-fuelled Brits risk holiday hangover
One in three Brits risk a financial holiday hangover by paying for their holiday using debt, according to new research. Research by Bright Grey found 32% of holidaymakers will pay for this summer’s break using a credit card, travel agent payment plan, or by borrowing money from family and friends. Sun-seekers will borrow an average [...]
Publ.Date : Tue, 13 Jul 2010 14:10:45 +0000

FOS sees rise in PPI complaints
The Financial Ombudsman Service (FOS) said it dealt with a total of 925,095 queries from consumers in the last financial year – a 46% increase on the previous financial year. However, it said it resolved a record number of disputes (166,321) and in 50% of these cases, consumers were awarded compensation. It did highlight, though, [...]
Publ.Date : Wed, 19 May 2010 08:41:26 +0000

Triodos and Charity Bank on track for record lending
Mid-year figures from Charity Bank and Triodos Bank show both lenders are on track for a record year of lending. During the first six months of this year, Charity bank agreed £20.9 million of new loans. This is compared to a total of £22.9 million for the whole of 2009. Figures from Triodos show new [...]
Publ.Date : Tue, 20 Jul 2010 15:46:10 +0000

Competition Commission step nearer to banning PPI
The Competition Commission is pressing ahead with its proposal to ban the sale of the controversial payment protection insurance (PPI). Under a PPI policy, an agreed sum of money is paid out each month to fully cover, or cover a percentage of the payment due on your mortgage or loan if you are unable to [...]
Publ.Date : Sun, 16 May 2010 17:15:27 +0000

Lloyds confirms it will cease selling PPI
Banking giant Lloyds has confirmed it will no longer sell the controversial payment protection insurance (PPI). Lloyds Banking Group, which is 41% owned by the taxpayer, is the first bank to drop PPI sales and the decision will apply to customers of all its brands including the Halifax, Bank of Scotland and the Cheltenham & [...]
Publ.Date : Tue, 27 Jul 2010 11:58:48 +0000

Anti-poverty banker to star in The Simpsons
The Bangladeshi anti-poverty banker Muhammad Yunus is to feature in an episode of hit TV cartoon The Simpsons. Yunus, whose pioneering work on micro-finance earned him the Nobel Peace Prize in 2006, will appear in the TV show as a cartoon version of himself. The episode will focus on his micro-credit work in Bangladesh, which [...]
Publ.Date : Tue, 27 Jul 2010 15:32:38 +0000

Debt-fuelled Brits risk holiday hangover
One in three Brits risk a financial holiday hangover by paying for their holiday using debt, according to new research. Research by Bright Grey found 32% of holidaymakers will pay for this summer’s break using a credit card, travel agent payment plan, or by borrowing money from family and friends. Sun-seekers will borrow an average [...]
Publ.Date : Tue, 13 Jul 2010 14:10:45 +0000

Research shows 1.2m taking out payday loan each year
According to research by watchdog Consumer Focus, the number of people taking out a payday loan has quadrupled in the last 4 years. The consumer group said 1.2 million people are now taking out a payday loan every year – borrowing more than £1 billion. Payday loans are becoming more popular and are seen as [...]
Publ.Date : Sun, 15 Aug 2010 17:01:33 +0000

?Era of debt-fuelled consumerism over?
The era of debt-fuelled consumer spending is over, a financial expert has claimed, pointing out Britain’s consumer debts of nearly £1.5 trillion. Tim Moss, head of loans at moneysupermarket.com, seemed to be talking himself out of a job by claiming consumers can no longer afford to fund purchases on borrowed money. Consumers must face up [...]
Publ.Date : Wed, 14 Jul 2010 07:48:01 +0000

FOS sees rise in PPI complaints
The Financial Ombudsman Service (FOS) said it dealt with a total of 925,095 queries from consumers in the last financial year – a 46% increase on the previous financial year. However, it said it resolved a record number of disputes (166,321) and in 50% of these cases, consumers were awarded compensation. It did highlight, though, [...]
Publ.Date : Wed, 19 May 2010 08:41:26 +0000

Competition Commission step nearer to banning PPI
The Competition Commission is pressing ahead with its proposal to ban the sale of the controversial payment protection insurance (PPI). Under a PPI policy, an agreed sum of money is paid out each month to fully cover, or cover a percentage of the payment due on your mortgage or loan if you are unable to [...]
Publ.Date : Sun, 16 May 2010 17:15:27 +0000

FOS sees rise in PPI complaints
The Financial Ombudsman Service (FOS) said it dealt with a total of 925,095 queries from consumers in the last financial year – a 46% increase on the previous financial year. However, it said it resolved a record number of disputes (166,321) and in 50% of these cases, consumers were awarded compensation. It did highlight, though, [...]
Publ.Date : Wed, 19 May 2010 08:41:26 +0000

Triodos and Charity Bank on track for record lending
Mid-year figures from Charity Bank and Triodos Bank show both lenders are on track for a record year of lending. During the first six months of this year, Charity bank agreed £20.9 million of new loans. This is compared to a total of £22.9 million for the whole of 2009. Figures from Triodos show new [...]
Publ.Date : Tue, 20 Jul 2010 15:46:10 +0000

Anti-poverty banker to star in The Simpsons
The Bangladeshi anti-poverty banker Muhammad Yunus is to feature in an episode of hit TV cartoon The Simpsons. Yunus, whose pioneering work on micro-finance earned him the Nobel Peace Prize in 2006, will appear in the TV show as a cartoon version of himself. The episode will focus on his micro-credit work in Bangladesh, which [...]
Publ.Date : Tue, 27 Jul 2010 15:32:38 +0000

PPI rarely provides adequate cover
“Onerous clauses” on payment protection insurance (PPI) mean that borrowers unable to pay back their loans rarely receive an insurance payout, a finance expert has claimed. David Kuo, director of Motley Fool, said consumers are being duped into believing PPI will cover them if they have legitimate reasons for failing to make loan repayments. “Borrowers [...]
Publ.Date : Fri, 21 May 2010 07:59:52 +0000

PPI rarely provides adequate cover
“Onerous clauses” on payment protection insurance (PPI) mean that borrowers unable to pay back their loans rarely receive an insurance payout, a finance expert has claimed. David Kuo, director of Motley Fool, said consumers are being duped into believing PPI will cover them if they have legitimate reasons for failing to make loan repayments. “Borrowers [...]
Publ.Date : Fri, 21 May 2010 07:59:52 +0000

Triodos and Charity Bank on track for record lending
Mid-year figures from Charity Bank and Triodos Bank show both lenders are on track for a record year of lending. During the first six months of this year, Charity bank agreed £20.9 million of new loans. This is compared to a total of £22.9 million for the whole of 2009. Figures from Triodos show new [...]
Publ.Date : Tue, 20 Jul 2010 15:46:10 +0000

FOS sees rise in PPI complaints
The Financial Ombudsman Service (FOS) said it dealt with a total of 925,095 queries from consumers in the last financial year – a 46% increase on the previous financial year. However, it said it resolved a record number of disputes (166,321) and in 50% of these cases, consumers were awarded compensation. It did highlight, though, [...]
Publ.Date : Wed, 19 May 2010 08:41:26 +0000

Research shows 1.2m taking out payday loan each year
According to research by watchdog Consumer Focus, the number of people taking out a payday loan has quadrupled in the last 4 years. The consumer group said 1.2 million people are now taking out a payday loan every year – borrowing more than £1 billion. Payday loans are becoming more popular and are seen as [...]
Publ.Date : Sun, 15 Aug 2010 17:01:33 +0000