Archive for January, 2010

Moneysupermarket: Good credit scores are essential for 2010

by News Team on January 27th, 2010

TweetShareBritons have been advised to monitor their credit ratings, as this will help them ascertain the likelihood of being accepted for financial products. Head of loans and debt at moneysupermarket.com Tim Moss described credit scores as “the must-have item for 2010″, noting that there are ways for people to make sure these are “as attractive [...]

Posted in Creditor Behaviour | No Comments »

Cost of living on the rise, survey shows

by Nazma Noor on January 27th, 2010

TweetShareThose in debt may find their problems exacerbated by the rising cost of living, with big climbs being seen in petrol and food. According to the Daily Mail’s latest index, these hikes are taking place despite the fact that supermarkets pledged to make price cuts in January. The survey revealed that a shopping basket with [...]

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Recession altered shopping habits, survey shows

by News Team on January 26th, 2010

TweetShareBritons are exercising more caution about their spending habits as a result of the recession, it has been claimed. Findings from PayPal’s latest report – Online Retail: The New Consumer Demands – conducted by The Future Laboratory, revealed that 19 per cent plan to monitor expenditure, while 54 per cent are more interested in bargain [...]

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Brits at risk of “scorpion’s tail of debt”

by News Team on January 26th, 2010

TweetShareUK adults have been warned by an industry expert to beware of a “scorpion’s tail of debt”, even as the country lifts itself out of the recession. The Consumer Credit Counselling Service’s (CCCS’s) chairman Malcolm Hurlston noted that, although the growth being seen in gross domestic product signifies that Britain has “turned a corner”, the [...]

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FSA to help debtors

by News Team on January 26th, 2010

TweetShareThe Financial Services Authority (FSA) has announced that a strengthened set of measures to help those with mortgage-related debt is to be implemented, meaning that advisers will be accountable to the body. Under the plans, it will be made clear that firms are not permitted to demand monthly arrears charges when an agreement has been [...]

Posted in Houses and Mortgages | No Comments »

Older debtors helped by CCCS?

by News Team on January 25th, 2010

TweetShareRetired Britons who are experiencing debt management difficulties may benefit from contacting the Consumer Credit Counselling Service (CCCS), which has just launched a new equity release programme. The initiative will be fee-free and is aimed at helping people improve their quality of life while avoiding repossession, with the organisation noting that there has been a [...]

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