According to the consumers association Which? Credit card companies are continuing to increase their fees.
According to the consumers association Which? Credit card companies are continuing to increase their fees.
It says that since the Office of Fair Trading ordered a cut in default fees to £12 last year ingenious methods have been used by creditors to [...]
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Monthly Archives: October 2007
Which? Attacks credit card fees
Men 20% deeper in debt than women
Men seeking help to manage their finances have 20 per cent more debt than their female counterparts
Men seeking help to manage their finances have 20 per cent more debt than their female counterparts and can afford to repay less to their creditors each month as a percentage of their contractual debt repayments according to Chiltern.
The [...]
Mortgage costs highest in over 26 years
In October mortgages became the most expensive to repay since 1991…
In October mortgages became the most expensive to repay since 1991 due to higher rates of interest and rising house prices, the Council of Mortgage Lenders declared.
The CML said that interest repayments took up 20.6 per cent of a first-time buyers’ monthly income, up from [...]
Millions still paying for last Christmas
Over four million people are still paying for last Christmas…
Over four million people are still paying for last Christmas according to research from Money Expert.
Their study found that approximately one in ten consumers admit that they are still repaying debts they ran up in December last year.
These figures were backed up by further research carried [...]
Writing cheques may soon come at a price
Borrowers who use their cheque books to delay payments from leaving their accounts until after payday are set to have to pay for the privilege, according to research from financial research company Defaqto.
It’s research showed this form of payment is becoming more unpopular, over half of all 16-24 year olds questioned never write a cheque [...]
60% more mortgage rejections
As lending conditions have tightened, over 738,000 mortgage applicants have had their mortgages rejected, research from internet financial site MoneyExpert.com has revealed.
Their findings showed that, since March, the number of mortgage applications that were rejected has risen by 60% – from 463,000 in the six months up to March, to 738,000 from March to October [...]
More people set to be turned down for mortgages
Sub-prime mortgage borrowers will see their applications turned down following lender’s new restrictions
Sub-prime mortgage borrowers will see their applications turned down following lender’s new restrictions, according to internet mortgage specialists, The Mortgage Broker.
Its research found that a quarter of all specialist and sub-prime mortgages that were accepted in August, would now be refused if following [...]