Archive for June, 2009

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.

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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.

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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.

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Steer Clear of Debt Sale Scams

Posted in Debt on Wednesday, June 24th, 2009 at 16:05 by Martyn Shaw.

Often passing themselves off as legitimate debt management firms, unscrupulous individuals and entities are offering to buy outstanding debt for a small pittance, promising to assume responsibility for the debt and retire it quickly. Unfortunately, these scam artists fail to provide consumers with all they need to know about their rights and responsibilities as debtors and consumers. The result can be disastrous for everyone involved.

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Coping With Pay Freezes and Benefit Reductions

Posted in General on Wednesday, June 24th, 2009 at 16:04 by Jessica Haynes.

In a bid to ride out the remainder of the recession, some employers have implemented freezes on hiring and pay increases. Still others have scaled back benefits or eliminated employee perks. All the measures are aimed at cutting expenses and keeping the doors open as the economy continues its slow progress toward recovery.

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Rates On Savings Beginning to Rise

Posted in Banking, Money Saving on Wednesday, June 24th, 2009 at 16:02 by Jessica Haynes.

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For anyone who has put off rebuilding personal savings, news that several institutions have increased interest rates may be just the incentive they need.

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Recycling Could Help Many Households Minimise Expenses

Posted in General on Tuesday, June 23rd, 2009 at 12:50 by Jessica Haynes.

As more companies seek to go green and make use of that which is normally discarded, many households have discovered that learning to reuse and recycle is a great way to trim expenses and divert funds to other areas of need. In many cases, the process of recycling involves taking a used item that is [...]

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Dealing With Higher Utility Costs

Posted in Utilities on Tuesday, June 23rd, 2009 at 12:49 by Martyn Shaw.

One of the main expenses associated with any household is the cost of gas and electricity services. In recent years, both expenses have increased significantly, and there is every indication that the rates will continue to rise. For households already operating on a strict budget, this can be an extremely stressful phenomenon.

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One Simple Way To Save Money This Summer

Posted in General on Tuesday, June 23rd, 2009 at 12:47 by Martyn Shaw.

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As people continue to look for ways to cut back household and home office expenses, the summer months offer an opportunity to save on electricity and keep the monthly electricity bill at bay. Simply choose to not turn up the air con or not to plug in fans all over your home!

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Steering Your Personal Course Toward Economic Recovery

Posted in General, Mortgages & Property on Monday, June 22nd, 2009 at 11:47 by Jessica Haynes.

Just about everyone is convinced that the recession is weakening and that a recovery will take place. While there are still a number of different opinions on when the event will take place, some people are beginning to seriously consider how to best prepare for the event.

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