Fifty families per day are likely to loose their homes.
29-01-07
Fifty families per day are likely to loose their
homes as a result of rising personal debt in addition to the
increasing costs of mortgage borrowing according the Royal Institute
of Chartered Surveyors. Debt professionals are urging people to deal
with their debts be they credit card, loans, mortgage arrears etc.
as soon as posible. This way people can get the assistance that they
require. The best place to start is in the Yellow Pages in the
section insolvency practitioners. These are professionals who
specialise in this field.
Credit card database hacked
28-01-07
The companies involved say no actual fraud was
committed although a computer hacker has gained access to more than
5 million Visa and Mastercard credit card accounts in the US. The
two companies said on Tuesday that none of the information obtained,
which included card numbers, was used in a fraudulent way.
Crackdown on credit card debt
27-01-07
Britons are borrowing more than they are saving
Credit card companies are to share information with each other about
customers to stop people borrowing a huge amount on different cards.
The move has come in response to government pressure on finance
companies to lend more responsibly. From the New Year, the lenders
will share more detailed information on the credit history of
applicants.
Credit card users repaying debts
26-01-07
Debit cards have overtaken credit cards in
popularity since 2003 Credit cards users repaid more money than they
borrowed in August, for the first time since May 1994. The net
repayment of credit card debt, of £311m, was revealed in statistics
from the Bank of England (BoE). It means that the total amount of
money still outstanding on credit cards fell to £55.4bn.
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