May 2009 Archive

Cash for bangers boosts motor sales

New orders were up by more than 35,000 cars

The government scrappage scheme has kick started the motor industry, with new orders up by more than 35,000.

Borrowers warned of fee-for-loan firms

Loan warning

Moneysupermarket.com has taken an unusual step of warning consumers about two specific loans companies.

Debt Britain: Now debts greater than salary

Britain's got debts

Brits now owe more on average than their annual salary, according to new research.

HBOS accused of high risk loans

HBOS has been accused of risky loans

High risk loans to a handful of businesses from HBOS led to losses of £250 million at the bank, according to a BBC investigation.

Loans less than 8% at Sainsbury's

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Sainsbury's is offering interest rates of 7.9 per cent on unsecured loans to customers applying online with a Nectar card.

Loan sharks 'thrive in recession'

More Brits may be turning to loan sharks in downturn

The recession is putting 200,000 people in Britain at risk from loan sharks, according to a report.

OFT warns debt management firms over cold calls

The OFT has warned debt management firms not to cold call

The Office of Fair Trading (OFT) has warned six debt management firms to stop cold-calling consumers or face enforcement action.

Debt advice charities see 100% rise in cases

Debt advice charities are struggling with soaring demand

Debt advice charities have seen a 100 per cent rise in demand for help over the first quarter and are overwhelmed, the Money Advice Trust has warned.

Borrow £2,000 at 0% and get paid £100

Loans, credit cards and overdrafts stack up

Brits looking for credit could receive £2,000 interest free for a year and be paid £100, according to analysis of unsecured lending in the UK.

Tesco credit card offers 0% for 12 months

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Tesco is now offering zero per cent interest on purchases for 12 months on its Clubcard credit card.

How to make holiday money go further

Searching for the perfect holiday and keeping to a budget

Currency swings of the last year are set to make many holidaymakers aghast when they prepare for their summer break or a half-term holiday.

VAT worries stop car scrappage scheme

Car scrappage scheme was manufacturers looking back

Ford and Honda are delaying their involvement in the car scrappage scheme - following concerns about VAT.

Should we scrap the car scrappage scheme? - 18/05/2009 12:38

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Today the government's £2,000 car scrappage scheme goes live.

Guide to £2,000 car scrappage scheme

£2,000 scrappage scheme could see bangers in garages disappear

From May 18th, a £2,000 discount on new cars will be offered for those scrapping their old car - as long as it is over ten years old.

Car scrappage scheme launched

Car scrappage scheme goes live

The car scrappage scheme, announced in Alistair Darling's Budget, is launched on today.

Abbey: School holiday premiums soar by 40%

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Families are paying premiums of up to 40 per cent on holidays during the summer break, new research by Abbey credit cards has revealed.

OFT warns debt collectors

The OFT warns debt collectors not to quiz neighbours

Debt collectors must stop using neighbours to trace people who are in debt, the Office of Fair Trading (OFT) has today warned

Dealing with debt collectors

How to deal with debt collectors

The recession has seen a growth in the number of people facing the knock on the door or letters from debt collectors.

Barclaycard cuts Platinum card fee

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Barclaycard is slashing the balance transfer fee on its Platinum credit card from three per cent to 2.5 per cent.

Student loan interest rates under 0%

Interest rates on student loans will be negative or 0%

The interest rate on student loans taken out before 1998 will be negative for the coming year.

M&S unveils new credit card reward scheme

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M&S is to launch a new loyalty scheme for credit card customers, which gives them access to a range of exclusive perks.

Credit card with keypad trialled

Barclaycard and Emue's keypad card could help stop fraud

Barclaycard is trialling a Visa credit card with its own keypad that generates a passcode for transactions over the internet to help fight fraud.

Nationwide cuts loan rate to 7.9%

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Nationwide has slashed the interest rate on its personal loans to 7.9 per cent, it has announced.

Abbey relaunches Zero card

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Abbey is today relaunching its Zero credit card, which has no foreign exchange fee and no cash advance fee.

Debt claims put on hold for test case

Consumers may have to wait longer to take their debt claims to court

Thousands of consumers attempting to reclaim money from unenforceable loans through the courts will have to wait until a number of test cases are resolved in London.

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