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28th September 2009
In the UK, over the last 5 years as much as 70% of unsecured loans and credit card agreements that were obtained prior to April 6th 2007 have been torn up because were found to be legally unenforceable by the issuing credit card company. In effect, if y... Read >
Author: Jide23rd September 2009
You have probably hread already the problems around the legality of credit and loan agreements made before April 2007. The law changed in April 2007, but prior to that, all UK credit agreements (Loans & Credit cards) were bound to conform to the Consumer ... Read >
Author: Tom Greenwood16th September 2009
What Does Annual Percentage Rate - APR Mean?
APR stands for Annual Percentage Rate. It is the cost of borrowing a certain amount of money expressed as a yearly rate. APR depicts the annual interest rate for a whole year. It is applied to any credit situa... Read >
Author: militaryloans11th September 2009
In need of a holiday? Aren't we all! Whether it's a beach break, a city escape or a week in the snow, planning where to go and what to do takes time and effort.
But the hard part still isn't over. How are you going to pay for it? Should you really be u... Read >
Author: MarkeD11th September 2009
The recession has made us all tighten our purse strings, and that includes the number of times we use our credit card. However, don't put them away for good as they are still a convenient, and sometimes rewarding, way to pay - as long as you use them wise... Read >
Author: MarkeD03rd September 2009
If you use credit cards correctly they can be very beneficial for many reasons. Many people have credit cards for the added protection that comes with purchases over £100 and under £30,000. If you purchase something within this bracket then should the c... Read >
Author: Kim31st August 2009
How do I know if my credit agreements are unenforceable?
This is a commonly asked question by millions of consumers since the recent changes to the Consumer Credit Act ( 6th April 2007). Due to the almost schoolboy errors that many banks and lending ins... Read >
Author: andymitchell31st August 2009
In early April 2007 The Consumer Credit Act was changed drastically to reduce the unlawful practices of mis-selling of financial products such as payment protection insurances,mortgages and loans and credit cards, that, for many years had been incorrectly... Read >
Author: andymitchell31st August 2009
The Consumer Credit Act was changed drastically in early 2007 to reduce the unlawful practices of mis-selling of financial products such as payment protection insurances,mortgages and loans and credit cards, that, for many years had been incorrectly sold ... Read >
Author: andymitchell31st August 2009
In early april 2007 The Consumer Credit Act was changed drastically to reduce the unlawful practices of mis-selling of financial products such as payment protection insurances,mortgages and loans and credit cards, that, for many years had been incorrectly... Read >
Author: andymitchell31st August 2009
In early april 2007 The Consumer Credit Act was changed drastically to reduce the unlawful practices of mis-selling of financial products such as payment protection insurances,mortgages and loans and credit cards, that, for many years had been incorrectly... Read >
Author: andymitchell30th August 2009
On the 6th April 2007 The Consumer Credit Act was given a much needed overhaul to eradicate the rife mis-selling of financial products, including payment protection insurance, secured and unsecured loans and credit cards, that had been sold to consumers f... Read >
Author: andymitchell01st August 2009
Whether it's Majorca, Morocco or the Maldives, many of us are planning our summer escape. But as departure day looms, you may be panicking about getting it all done in time. Fear not - we've compiled a travel checklist to help you on your way. Don't leave... Read >
Author: MarkeD16th July 2009
An act is a piece of legislation. In the business world, it protects the rights of both the creditor and the debtor. The law should protect the debtor and at the same time provide for legal ways through which a creditor can recover his or her money. Debt ... Read >
Author: Mercy16th July 2009
A fair debt collection act protects the rights of both the creditor and the debtor. A debt collection act prohibits collection agencies from abusive practices. Debt collection refers to pursuing payments on debts owed by individuals or businesses. The deb... Read >
Author: Mercy02nd July 2009
A loan is an amount borrowed from one person or professional lending body (i.e. a bank or financial institute) in which the amount is then repaid. The amount is often subject to a time frame such as x amount of pounds paid back over x amount of months usu... Read >
Author: Eugene Henry01st July 2009
Credit cards are beneficial to anyone if used sensibly. They offer many benefits above a bank debit card as well as peace of mind knowing that you have another form of payment.
There are different types of credit cards available from standard cards tha... Read >
Author: Kim30th June 2009
If you have recently taken out a financial agreement you could have heard that a extensive list of loan agreements had inaccurate and unlawful clauses. All regulated finance agreements must comply with the meticulous full terms of the Consumer Credit Act ... Read >
Author: satwant0926th June 2009
In this age of technological advancement there is no doubt that an increasing number of consumers are opting for the Internet when it comes to shopping for a wide range of things, from entertainment and attraction tickets to groceries, holidays, clothes, ... Read >
Author: Reno Charlton19th June 2009
The question that most sensible shoppers ask themselves when deciding to use a credit card is, can I afford it this month? A smart question that everyone should ask but often don't is, what each card can do for you? Many cards offer different types of r... Read >
Author: zander smith19th June 2009
The question that most sensible shoppers ask themselves when deciding to use a credit card is, can I afford it this month? A smart question that everyone should ask but often don't is, what each card can do for you? Many cards offer different types of r... Read >
Author: zander smith12th June 2009
As the first stage of the legal process against two high street banks, 222 homeowners with Shared Appreciation Mortgages (SAM) have sent a legal letter to the banks.
The property owners, who have each spent 5,000 pounds to be involved in the action, ar... Read >
Author: michael challiner12th June 2009
For those Britons currently planning a getaway abroad, it has been suggested by one industry commentator that packing a debit or credit card could be a particularly effective means of spending money while away.
Addy Frederick, public relations assistan... Read >
Author: Which4u29th May 2009
Recent weeks have brought confirmation that both unemployment and insolvency in the UK have continued to rise. The Office for National Statistics revealed that 2.22 million were out of work in the first quarter of the year, while the Insolvency Service fo... Read >
Author: Graeme Knights19th May 2009
Been dreaming about getting away for a richly-deserved break? You're not the only one. And if you're going to make this dream a reality anytime soon, we'd love to come with you! Hopefully you'll take some of our handy hints to enhance your holiday experie... Read >
Author: MarkeD11th May 2009
In 2008, credit and debit card fraud cost the banking industry £609.9 million - an increase of 14% from 2007, according to payments group Apacs.
How does credit card fraud happen?
Credit card fraud generally occurs when a card has either been stole... Read >
Author: Robert Palmer11th May 2009
Section 75 - extra protection for credit card spenders
Whether it's a new outfit, the week's groceries, a holiday or a railcard, if you use your credit card to pay for it, you get extra protection under Section 75 of the Consumer Credit Act 1974. Under... Read >
Author: Robert Palmer05th May 2009
If you have ever been in a situation where creditors are baying for your blood, you would realise the fear and panic which can grip a person under such circumstances. The banks are powerful and have the means to create fear and intimidate people to an ext... Read >
27th April 2009
Financial Agreement Claims – Help for Families During the Credit Crunch.
Are you feeling the pinch during the credit crunch? Help may be at hand in the form of a new finance claim. This new and fast growing financial claims allows customers to audit... Read >
Author: Julie Ashton22nd April 2009
Whenever you make use of Bank credit, you are creating a liability and by doing this you lose our financial freedom until it is gone. There is nothing called good credit - all credit is bad. We realise this fact only when we are faced with a change in our... Read >
15th April 2009
Matching the right type of card to your type of spending
When choosing to use a credit card or debit card, our first question is often, ‘can I afford it this month?’ When it should actually be, ‘what’s in it for me?’ More than a mere substitu... Read >
Author: MarkeD25th March 2009
There is a NEW financial claim which is set to sweep across the UK! It has been discovered that many finance and credit agreements signed before April 2007 have been written in such a way that they breach the terms of the 1974 Consumer Credit Act and this... Read >
Author: julieashton20th March 2009
There is a NEW financial claim which is set to sweep across the UK! It has been discovered that many finance and credit agreements signed before April 2007 have been written in such a way that they breach the terms of the 1974 Consumer Credit Act and this... Read >
Author: julieashton11th March 2009
With all this winter’s snow, ice and rain, you’re sure to be in desperate need of some sunshine, but the credit crunch can mean the pennies won’t stretch far enough for a break abroad.
Fear not! There are ways to get a great deal for less.
1.... Read >
Author: MarkeD26th February 2009
With the ongoing impact of the economic crisis, most people are focusing on how to save money, not spend it. But for some, getting a credit card might actually be the first step towards climbing on the property ladder.
We take a look at the four main ... Read >
Author: MarkeD23rd January 2009
Hire Agreement
A hire agreement is a written agreement regulated by the Consumer Credit Act and must include specific information in a specific format and if not it is not it is questionable as to its authenticity - particularly important when hiring a c... Read >
Author: michael challiner21st January 2009
Many people don’t know whether they are protected by the law when they take out a loan.
The Consumer Credit Act 1974 governs secured and unsecured personal loans.
There are strict regulations in this Act regarding the way in which money is lent. T... Read >
Author: michael challiner29th December 2008
Credit Card Write Off - BBC Panorama 10th November 2008
A recent episode of the BBC's Panorama delved into the world of credit card debt. The show, aired on the 10th of November, examined the measures being taken by some consumers to force credit card ... Read >
Author: jmillar200529th December 2008
Credit Card Write Off - How does it work?
The Consumer Credit Act of 1974 was brought about to protect UK Consumers, however, the terms that allowed the consumer protection were not clear and therefore for years the Credit Industry was allowed free re... Read >
Author: jmillar200529th December 2008
Credit Card Write Off - BBC Panorama 10th November 2008
A recent episode of the BBC's Panorama delved into the world of credit card debt. The show, aired on the 10th of November, examined the measures being taken by some consumers to force credit card ... Read >
Author: Credit Comp29th December 2008
Credit Card Write Off - How does it work?
The Consumer Credit Act of 1974 was brought about to protect UK Consumers, however, the terms that allowed the consumer protection were not clear and therefore for years the Credit Industry was allowed free re... Read >
Author: Credit Comp30th September 2008
The Association of Finance Brokers has called upon its members to share their thoughts, after the publication of a new white paper on the future regulation of their industry.
It is asking for answers on a number of regulation issues before the 20th of ... Read >
Author: ARouse23rd September 2008
More and more of us these days make a range of purchases online, and whilst some of these purchases may seem small and insignificant, others can be far more costly, such as tickets to events, flights, and more.
Being able to make purchases online offe... Read >
Author: Reno Charlton05th September 2008
Payday loans enable you to borrow a relatively low amount of money (usually under £1,000) and pay it back on your next pay cheque (normally within a month of lending the Money). The amount you pay back is normally with an excess of 25% interest rate on t... Read >
Author: barryloughran@live.co.uk02nd September 2008
People get into debt for many various reasons and this can lead to stress and worries about just how they are going to pay back their creditors and the creditor’s sometimes very high interest rates. However, there is a solution and a positive way to pay... Read >
Author: Karl Guevara16th August 2008
With the recent credit crunch, it is now a lot harder to get a loan with the competitive interest rates we were seeing 12 months ago. These past 6 months of financial upset will see the majority of people, even those with a decent credit rating being offe... Read >
Author: barryloughran@live.co.uk27th May 2008
The annual percentage rate (APR) gives you the yearly cost of a mortgage in the form of a percentage. The rate calculations include interest, mortgage insurance, and the origination fee (points).
The APR has two main purposes.
1. it allows borrowers... Read >
21st May 2008
Truly said money can’t solve all the problems but it can solve many. If the amount required by you is a smaller one, a No faxing payday loans can do it for you. So, now don’t allow the amount debited to you to pile up any more and help yourself in ma... Read >
Author: parker Carmel20th May 2008
Unsecured personal loans are offered by lending institutions without any security for the debt. The borrowers do not have to offer any collateral to avail the loan. They are not available for speculative purposes or business purposes.
Personal loans a... Read >
Author: Shain Johnson20th May 2008
Unsecured personal loans are offered by lending institutions without any security for the debt. The borrowers do not have to offer any collateral to avail the loan. They are not available for speculative purposes or business purposes.
Personal loans... Read >
Author: Shain Johnson20th May 2008
Unsecured personal loans are offered by lending institutions without any security for the debt. The borrowers do not have to offer any collateral to avail the loan. They are not available for speculative purposes or business purposes.
Personal loans... Read >
Author: Shain Johnson24th April 2008
If you currently have a personal loan, then chances are the length of the loan will be around two to five years, with loans over £10,000 usually taken out over longer terms (i.e. seven to ten years).
What happens though, if you wish to pay off your ... Read >
Author: Liam Gerken12th March 2008
When we go on holiday we intend to switch off and forget the stresses of working life, the last thing we want to be doing is fretting over little things like travel insurance, passport issues and other details. Whilst it is a pain to have to plan out you... Read >
Author: Andy Adams18th January 2008
If your credit card is lost or stolen and then subsequently used without your permission, then the extent of your liability is governed by Sections 83 and 84 of the Consumer Credit Act.
But how does this credit act protect you and what procedures shou... Read >
Author: Nick Cox18th January 2008
Credit cards have received plenty of negative press of late. But surprisingly, if used wisely, a credit card can provide a range of flexible and useful benefits for the cardholder.
With all the bad press, it's easy for these advantages to be overlooke... Read >
Author: Nick Cox05th November 2007
It is highly unlikely that in today's times one will find a person or family who can claim to live without ever resorting to the shelter of loans. This is a phenomenon which is witnessed worldwide but nowhere is it as prominent as in UK. Indeed, it wouldn... Read >
Author: Alice Erin30th October 2007
Need money for buying a car, home renovation or anything else? Do your everyday financial problems need immediate solutions? Then the best way out is to try instant cash loans. What is this instant cash loan? These are easy to avail loans which provide a ... Read >
Author: Richard Pasic21st October 2007
Many individuals would rather avoid taking out secure homeowner loans if at all possible. This may not come as a surprise purely and simply because it requires putting their home up as security against the loan repayments, meaning that if the repayments a... Read >
Author: Jason Hulott17th August 2007
It's the time of the year when many Brits start making plans for the eagerly awaited season of mirth “Christmas”. Many of them start preparing their list of purchases and keep making additions till the end. As it's their favorite festival, they don't ... Read >
Author: Angelo Drew14th August 2007
These days, you can hardly open the paper or turn on the TV without seeing articles and documentaries warning about the imminent danger of identity theft. And, even though journalists are currently having a feeding frenzy on the subject, most will be hard... Read >
Author: Adam Singleton09th August 2007
Many people buy their cars, either hire purchase or with cash. But there's also the option to lease a vehicle. This happens more with businesses that offer company cars to employees. But car leasing can also seem like an attractive option for individuals,... Read >
Author: Ricky77625th July 2007
A second mortgage is a loan secured against the equity in a property that is not a first mortgage. The second mortgage will come from a different lender than the first mortgage.
A first mortgage on a residential property is regulated by the Financial S... Read >
Author: michael sterios24th May 2007
Mortgage advisors in the United Kingdom have plenty of reasons to consider secured loans (referred to as second charge loans) and, according to the UK Mortgage Conduct of Business (MCOB) rules they must do so. This statutory regulation has just passed its... Read >
Author: Christopher12th April 2007
Every borrower knows that unsecured loans are not at all cost-effective when it comes to the rate of interest charged. Then, what is it that makes this loan product attract the maximum number of borrowers in the UK loan market. The demand for unsecured pe... Read >
Author: Angelo Drew27th March 2007
Loans are a fundamental part of everyone's life, whether you are a student seeking to learn, a newly-wed couple wanting to set up home or an entrepreneur seeking equity to help set up a business.
For quick secured loans, you take more risk in order to ge... Read >
Author: steve C clark13th March 2007
Unsecured Personal Loans are popular among the borrowers for two major reasons. First, you do not need to own a home to qualify for the loan. In other words, the borrower can avail an unsecured loan without pledging any asset as collateral. Secondly, thes... Read >
Author: Jack watson17th November 2006
As Christmas approaches, many of us in the UK will be considering taking out a new credit card to purchases those all essential gifts. With a plethora of card offers out there, deciding which card,if any, is best for you can seem a little daunting
Wh... Read >
Author: Joseph Kenny05th October 2006
Your home can actually help you accomplish many of your dreams that have remained only dreams till now just because you cannot afford them. If your dream is a big Bentley or an Alaska trip or a course from the Oxford University, you can use your home to a... Read >
Author: Philip Mould27th September 2006
Debt charities have reported they are hearing from an increasing number of people whose spending is out of control.
On average, people who turn to the Consumer Credit Counselling Service for advice owe 31,000 which does not include their mortgage.
Th... Read >
Author: michael challiner26th September 2006
The unregulated loans owe its origin to the Consumer Credit Act 1974 which covers all loans up to a value of 25000. Unregulated Loans are those loans that, at present are from 25000 to 100000. Normally, loans in UK start from the nominal amount of ... Read >
Author: Alison White22nd August 2006
Things are not looking too rosy on the loans front. It appears that there are huge problems with debt in the UK. Banks are increasingly nervous about the state of things and feel that lending is risky at present as a result of this. The result is an incre... Read >
Author: michael challiner07th March 2006
Shopping UK - Credit Card Security
Shopping on the Internet is no less safe than
shopping in your local store. Follow these tips
to ensure your online shopping experience is
a happy one.
Will My Credit Card Details be Stolen?
If you s... Read >
Author: John Lynch24th February 2006
Whenever someone requires money, he can take out a loan from a bank or any other financial institution. Loans are basically of two types secured and unsecured. In case of a secured loan, the borrower has to put up his property as a security, whereas in ... Read >
Author: Vipul Jain25th November 2005
When debt becomes difficult or impossible to repay it is hard to know what to do and whom to turn to. Most people struggling with debt are not aware of the options they have and find themselves going round in circles often borrowing more and more cash or ... Read >
Author: Ian Booth
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