Is a 2.5% fall in VAT really going to help you? Topic: Debt News In January 2008 the Office for National Statistics published what they believe the average household expenditure figures were. The figure they came up with was £456 per week.
Posted: 6 weeks 2 days
Repossession – Well done RBS! Topic: Debt News RBS has announced that it will guarantee not to repossess homes of customers who are in arrears for at least 6 months. The RBS account for 7% of the UK mortgage market, which leaves the other 93%, but let’s not dwell on the negative, this is a great start.
Posted: 5 weeks 2 days
Desperate times call for desperate measures Topic: Debt News M & S is doing a one day sale where they will reduce prices by 20% and some stores staying open to midnight. If you’re looking for a bargain then go online at 12.01am and you’ll get the same level of discount. Debenhams has started a 3 day sale with similar levels of discounting from today and others will certainly follow.
Individual Insolvencies (Bankruptcies & IVA’s) Up 8.8% Topic: Debt News There were a massive 27,087 people either becoming Bankrupt or having an IVA agreed by their creditors during the third quarter of 2008. This is a massive increase of 8.8% on the previous quarter.
Posted: 8 weeks 4 days
Two missed payments and you could lose your home Topic: Debt News A high court hearing last month rules reinforced a law that allows lenders to sell someone homes if they are in arrears by 2 months. This means that a lender can effectively sell a property without the need for a court order.
Mortgage deposits up to 20% Topic: Debt News Buyers lucky enough to secure a mortgage today will still be expected to put up a deposit of 20%, according to BBC programme tonight on the Credit Crunch.
Posted: 8 weeks 5 days
Charity mawls credit card applicants with poor history Topic: Debt News The World WildLife Fund which uses its own credit card advertising cuddly pictures of endangered animals like pandas and polar bears to raise money is fleecing people with poor credit histories by offering them an alternative card with an APR rate of a whopping 39.9%.
