‘Credit Crunch’ Category

Ideas For Jobs To Augment Your Retirement

Posted in Credit Crunch, General on Tuesday, September 15th, 2009 at 10:01 by Jessica Haynes.

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The recession has created a situation where many people who are approaching retirement age fear they will have to continue working in order to maintain an equitable lifestyle. Among those already retired, the situation is not very different. With losses sustained on investments that supported pensions and other retirement plans, some retirees are looking for work to supplement what remains of their retirement nest egg.

Consumer Confidence Continues to Increase

Posted in Business, Credit Crunch, General, Money Saving on Wednesday, August 26th, 2009 at 09:59 by Martyn Shaw.

The Institute of Chartered Accountants in England and Wales indicates that consumer confidence is at its highest point since the summer of 2007. Businesses as well as individuals continue to see better days on the way in larger numbers, with the confidence measure used by the ICAEW indicating that renewed hope in a better economy was significantly higher as the third quarter of the calendar year got underway, even in comparison to the general feeling of the populace as recently as March 2009.

Protecting Yourself From Phishing Expeditions

Posted in Credit Crunch, General, Loans on Monday, August 24th, 2009 at 09:45 by Martyn Shaw.

It’s no secret that the rate of credit card and identity theft has increased since the onset of the recession. One of the ways that unscrupulous types obtain your private data and hijack your identity is to convince you to give the information to them. This is most often accomplished using a technique known as phishing.

How To Get The Most From Your Credit Cards

Posted in Credit Crunch, Debt, General on Thursday, July 30th, 2009 at 09:18 by Jessica Haynes.

Many people use credit cards as a way to get what they need now, and pay for the items a little later. When the cards are managed responsibly, they are a wonderful financial tool. Unfortunately, many consumers fail to use a few simple strategies that will help them get the most out of their credit cards while still enjoying the purchasing privileges the cards afford them.

Can You Afford Higher Minimum Credit Card Payments?

Posted in Credit Cards, Credit Crunch, Debt, General on Friday, July 3rd, 2009 at 09:46 by Jessica Haynes.

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In an effort to urge people to pay off credit cards more quickly, there is a move afoot to have credit card companies raise the minimum payment due each month on an outstanding balance. This approach is coupled with the idea of preventing credit card companies from arbitrarily increasing credit limits without the express consent of the customer.

FSA to Simplify Process for Dispensing Financial Advice to Consumers

Posted in Credit Cards, Credit Crunch, Debt, General on Thursday, June 25th, 2009 at 18:34 by Martyn Shaw.

The Financial Services Authority is making a revision to the classification and rate structures in place for consumers to seek general or focused financial advice. The changes have come about due to criticism of the previous structure, which was viewed as being too complicated for many consumers.

FSA to Simplify Process For Dispensing Financial Advice to Consumers

Posted in Credit Cards, Credit Crunch, Debt, General on Thursday, June 25th, 2009 at 16:21 by Martyn Shaw.

The Financial Services Authority is making a revision to the classification and rate structures in place for consumers to seek general or focused financial advice. The changes have come about due to criticism of the previous structure, which was viewed as being too complicated for many consumers.

Economic Recovery May Take Longer Than Expected

Posted in Credit Crunch, General on Thursday, June 25th, 2009 at 15:25 by Jessica Haynes.

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With more opinions that the economy in the United Kingdom will experience a negative growth factor for 2009 and remain essentially flat in 2010, the number of sources who feel the recession will continue for some time are growing. A report released by the Paris-based Organisation for Economic Co-operation and Development indicates a faster recovery for some nations, but not Great Britain.

Another Reason to Keep Credit Card and Loan Payments Current

Posted in Credit Cards, Credit Crunch, Loans on Thursday, June 25th, 2009 at 15:22 by Martyn Shaw.

There is a growing trend with some banking institutions attempting to secure property as a means of collecting on credit cards and personal loans that are in arrears. By using legal means to issue a charging order against the debtor’s property, the stage is set to repossess the property if the accounts are not brought up to date. In some cases, the action is taken against a debtor who owes considerably less than the value of the property.

Another Year Until True Economic Recovery?

Posted in Credit Crunch, General on Tuesday, June 16th, 2009 at 10:31 by Jessica Haynes.

With so many voices predicting the end of the recession and the beginning of a true economic recovery, many people are not sure what their next move should be. A recent report from the Confederation of British Industry (CBI) points toward the need to remain conservative as the credit crunch continues and unemployment figures are still high.