It has been revealed that credit card companies are continuing their practice of increasing interest rates on borrowers who have never made a late payment.
Some of the worst cases are examples of credit card companies putting up rates on borrowers who have never made a late payment by as much as 100%. That could mean […]

With banks and credit card companies tightening their belts when it comes to lending an increasing number of us are finding it more and more difficult to secure credit, however there are a few steps you can take in order to avoid becoming a victim of the credit crunch as well.
One of the easiest ways […]

You know that feeling when you go to do something at your bank and feel like you’re being rude for asking them? The clerks don’t know who you are and for the most part don’t really care. Well there is an alternative type of bank out there. This is called a credit union and you […]

It has been revealed that mortgage lending in the month of January fell by 12% and confirms reports that there has been a slowdown in the house sector.
The total value of mortgages granted in the month of February fell to £29.96bn, which is more that £4bn less than January. The figures which were released were […]

There has been a massive increase in irresponsible lending by lenders in recent years according to the Chancellor and this irresponsible lending has led to houses being massively over-valued.
The Financial Services Authority has found that one in ten house buyers opt for interest only home loans these days. Interest only mortgages are popular among many […]

Credit card companies have begun to target borrowers who don’t have a blemish on their credit records as they tighten up on credit lending. It has been reported that some credit card companies have begun to impose punishing interest rate rises on borrowers who they believe are on the verge of struggling.
Credit card companies’ look […]

As homebuyers face a market with soaring house prices as well as increased mortgage prices is it worth forgetting about purchasing a house and opting to rent a home instead?
The average house price is currently close to £200,000, base interest rates are at 5.25% and banks are turning away borrowers in droves. With these kind […]

The average Briton owes £33,000 in debt, this is almost twice as much as debt was only seven years ago when the average amount of debt was £17,000.
The large rise in debt is mainly a direct result of increases in house prices in the past decade and things are expected to get even worse in […]

British Gas is sending out strong signals that bills could go up over the year after releasing a statement in which it stated that it is expecting a ‘difficult environment’ for energy in the coming year.
British Gas was the first major UK energy firm to cut prices earlier in 2007, however in recent months the […]

According to new research there are many young homeowners that are now taking out hefty mortgages without protection, which may be a high risk for some.  The survey found that around fifteen percent of adults under 35 were willing to borrow more than four times the amount of their annual salary for a home loan, […]