Monthly Archives: March 2011

Payment Protection Insurance too Expensive for Women

Women cannot afford to take out insurance to cover their financial obligations should they become seriously ill and unable to work, new research reveals. Those who have loans and credit cards should

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The UK’s Personal Debt Hotspots Revealed

London and Northern Ireland have been identified as personal debt hotspots, according to a recent study. Those who have taken out loans or credit cards to help manage their debts are urged to check

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Which Banks Do You Think Offer the Worst Service?

Barclays received more than 205,000 complaints regarding its banking services in the last six months of 2010, making it the most complained about UK financial institution, new research shows.

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Payment Protection Insurance Complaints Rise by 63 Per Cent

New figures released by the Financial Services Authority (FSA) show that the total number of complaints made in the second half of 2010 about payment protection insurance increased by a staggering 63%. In

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Did the Banks Make the Credit Crunch Worse?

Industry regulators in the US and the UK are investigating a number of banks over allegedly ‘rigging’ the rate at which banks lend to each other in a bid to make lending conditions seem healthier than

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Unemployment Will Increase Claims for Missold Insurance

The Budget has left the nation increasingly worried about their financial situation, new research reveals. With unemployment set to rise, claiming for missold insurance is undoubtedly set to increase, too. As many as 41 per cent of the total population are worried about their finances and what the future holds for their wallets. Research from […]

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Unpredictable Careers Highlights the Scandal of Missold PPI

New research from America shows that younger workers readily assume that their working lives will be far less predictable than their parents’ career paths. With the chances of being made redundant at some point during your career increasingly likely, being mis-sold payment protection insurance is something no one should sit back and take on the […]

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Growing Unemployed to Claim on Mortgage Payment Insurance

The Chancellor’s Budget has outlined measures to help families meet the high cost of living, stating that the previous model was based on providing a stable base for the economy to grow. The measures that were announced by George Osborne include funding for first time buyers to help get them onto the property ladder, a […]

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Mortgage Affordability Criteria Slackened by FSA

The Financial Services Authority (FSA) has back-tracked on its tough mortgage lending criteria, which would have seen lenders carry out affordability assessments. The FSA had previously stated that

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Mis-Selling of Insurance Products Needs Regulation

New research from an insurance industry body suggests that the mis-selling of insurance products by brokers should be regulated thoroughly, but the current cost of regulation are too high. Claim money back now if you think you were mis-sold insurance by an insurance broker. Research from the British Insurance Brokers Association (Biba) claims

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Salary Freezes Place Pressure on Finances

Brits’ salaries are not increasing in-line with inflation new research shows, with many experiencing pay freezes. For those with loans and debts to repay, the high cost of living is making it harder

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Number of People in Mortgage Arrears Increases

The total number of new mortgage arrears in the fourth quarter of 2010 was six percent higher than the previous quarter, new research shows. This rise in the number of cases of new arrears is suspected

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Mortgage Lending Flat in February

Mortgage lending in February remained flat, new figures reveal, indicating a lack of confidence in the mortgage market as the nation struggles with unemployment and inflation. February saw an estimated £9.5 billion lent in mortgages, almost identical to January’s gross figure of £9.475 billion, the Council of Mortgage Lenders (CML)  research shows. The data suggested […]

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House Shortage for Economic Bounce-Back

A new report warns England faces a housing shortage of 750,000 by 2025 when the economy bounces back. The gap between supply and demand, at the moment is low on both fronts, however, when home buyers

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Unemployment May Highlight More Cases of Mis-Sold PPI

Latest unemployment figures paint a bleak picture for the state of the economy as 2.53 million were revealed to be out of work in the UK. For many with financial commitments, now may be the time after being made redundant that they claim on their Payment Protection Insurance (PPI), however, cases of mis-sold PPI may […]

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