Archive for July, 2006

TweetShareMaria Eagle, the enterprise minister, announced the funding of £800,000 over two years to place advisers across the province to support advice in towns and cities. “Debt in Northern Ireland is having an adverse economic, social and personal impact on the lives of many people here,” said Ms Eagle. “This new debt advice contract will [...]

TweetShareNot only can bad debt add to a bad credit rating, but so can being rejected for a loan. Neil Munroe of Equifax is urging people to check their record first. “Every time you apply for any kind of credit the lender will search your records. You’ll also be marked down for a large number [...]

TweetShareSecretary of state for work and pensions, John Hutton, said that this will be the best way to stop people from under-saving, particularly the low earners. “We need to tackle the culture of under-saving, particularly among lower earners,” said the minister. “We believe the best way to get more people saving is to automatically enrol [...]

TweetShareWhile this may suit the England football team’s wives and girlfriends (Wags) who have rich partners to support them, a survey found that 80 per cent of women were spending more than they brought in. According to the More magazine survey, women are spending rather than saving for things such as mortgages and top of [...]

TweetShareThe Association of British Credit Unions Ltd (ABCUL) research says that it was helping low-income families save, with nearly half saying that credit unions were their only method of saving. “This report shows how credit unions are reaching a wide range of people in their communities and provides an invaluable baseline from which credit unions [...]

TweetShareNew figures show that only a quarter of potential borrowers were approved straight away, with a further 17 per cent being offered a higher rate than they hoped for. Stuart Glendinning, managing director of moneysupermarket.com which carried out the research, said: “Most customers will be shocked to discover how high the immediate decline rate is. [...]