TweetShareChanges to the benefits system may provide much needed help to those debtors with young families. This is according to Citizens Advice, which noted that – as of Monday (November 2nd) – those who rent their homes and receive child benefits may be entitled to further payments. Liz Phelps, social policy officer with the organisation, [...]
Archive for October, 2009
Benefits alterations ‘may help’ debtors
by News Team on October 30th, 2009
Lending code will better protect debtors, expert says
by News Team on October 30th, 2009
TweetShareThe implementation of a new lending code, which is due to come into effect on November 1st, will better protect consumers in their borrowing activities. This is the opinion of Robert Skinner, chief executive of the Lending Standards Board (LSB), which is overseeing the introduction of the reformed industry standards. He observed that the LSB [...]
Credit unions “well-trusted”
by News Team on October 30th, 2009
TweetShareAn increasing number of Britons are turning to credit unions to help them save funds for Christmas expenses because they “offer local people a well-trusted financial solution”. This is the opinion of Mark Lyonette, chief executive of The Association of British Credit Unions (Abcul), who observed that such options are helpful as borrowers can avoid [...]
Northern Rock sell-off branded good news by expert
by News Team on October 29th, 2009
TweetShareThe sell-off of Northern Rock, which looks set to occur following acceptance of restructuring plans by the European Commission, has been applauded as being “good for consumers”. So the head of personal finance at lovemoney.com Ed Bowsher has said, observing that the building society “has actually been offering some very good deals to consumers” and [...]
Moneysupermarket: Lifetime debt sentences to be reduced
by News Team on October 29th, 2009
TweetShareBritons’ lifetime sentences of debt stand to be reduced as a result of changes to credit and store card regulations suggested by the government. This is the opinion of price comparison website Moneysupermarket.com, which found following an analysis of the proposals that almost 14 years and £2,400 could be stripped from the amount owed by [...]
John Charcol: Debtors view fixed rates as too expensive
by News Team on October 28th, 2009
TweetShareBorrowers are turning away from fixed-rate mortgages because they think they are too expensive, it has been suggested. Responding to figures from John Charcol revealing that such products declined in popularity in September – with variable rates covering almost two-thirds of the market – Ray Boulger of the company observed that “most fixed rates still [...]
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