Archive for November, 2007

Borrowers ‘could have to turn to plastic’

Tuesday, November 27th, 2007 Posted in News | Comments Off

Many consumers could be forced to increase their credit card borrowing if banks continue to tighten their lending criteria, according to a financial expert.A report on consumer credit by PricewaterhouseCoopers ... Read more..

Thousands ‘could face remortgage problems’

Monday, November 26th, 2007 Posted in News | Comments Off

People with poor credit records have been advised they could soon find it difficult to obtain a competitive remortgage deal.Many lenders have withdrawn mortgage products aimed at the sub-prime market ... Read more..

Mortgage approvals down

Monday, November 26th, 2007 Posted in News | Comments Off

The number of mortgages approved by Britain's high street banks for house purchases hit a record low in October, according to an industry body.Figures released by the British Bankers' Association ... Read more..

Card companies ‘targeting debtors’

Monday, November 26th, 2007 Posted in News | Comments Off

Credit card companies are increasingly trying to attract customers with existing debts, it was claimed today.Research by MoneyExpert.com found the number of zero per cent balance transfer deals on the ... Read more..

Mortgages ‘can help with credit records’

Friday, November 23rd, 2007 Posted in News | Comments Off

Taking out a mortgage can be an effective way for someone with a history of financial problems to improve their credit record, an industry body said today.People with adverse credit ... Read more..

Young adults turning to joint mortgages

Friday, November 23rd, 2007 Posted in News | Comments Off

Young adults are increasingly finding they cannot afford to buy a home by themselves, according to the results of a new survey.Research commissioned by Scottish Widows Bank found that 56 ... Read more..

Kitchens ‘the key to adding value’

Thursday, November 22nd, 2007 Posted in News | Comments Off

Updating and extending the kitchen is a good way of adding value to a property, according to a home improvement expert.A slowdown in the housing market means making money from ... Read more..

Debt consolidation ‘can work’

Thursday, November 22nd, 2007 Posted in News | Comments Off

People worried about their ability to meet their credit commitments were today advised that a debt consolidation loan could help them.The recommendation came from Sean Gardner of MoneyExpert.com after a ... Read more..

People with poor credit records ‘need to shop around’

Thursday, November 22nd, 2007 Posted in News | Comments Off

People with mortgage arrears have been advised they should still be able to remortgage to a better deal, providing they are prepared to shop around.A recent study by Nationwide revealed ... Read more..

Loans ’still available’

Wednesday, November 21st, 2007 Posted in News | Comments Off

People with a bad credit rating may still be able to obtain a loan to finance their Christmas festivities, a debt expert has said.Loans, mortgages and credit cards have become ... Read more..