UK home repossessions fall to four-year low, says CML

Friday, February 3rd, 2012

The number of UK homes being repossessed fell to its lowest level in four years in 2011, according to figures published by the Council of Mortgage Lenders (CML), but the organisation warned there will be "a higher number of people facing more serious problems in 2012".The ...

Could credit card lenders see fee limit this year?

Saturday, January 21st, 2012

A court case between millions of businesses and the countrys largest financial institutions could end up leading to lower prices and therefore potentially less credit card debt for consumers. The lawsuit, a private antitrust case between about 5 million merchants large and small against financial giants like Visa, ...

Cheap Debt Consolidation Loan: Merge Multiple Debts Into One

Wednesday, January 4th, 2012

With Cheap debt consolidation loan you can also merge all your credit cards into one credit card with zero or low interest rate. This way you just have to pay only one monthly installment instead of many. Also you can get rid of the nagging calls of your creditors. Instead ...

Millions use payday loans to cover mortgage and rental costs

Friday, December 30th, 2011

Almost a million people have turned to a high cost payday loan to cover their mortgage or rent in the past year, the homelessness charity Shelter has claimed.A further 6 million have used other types of credit, including unauthorised overdrafts, other loans or credit cards, to ...

CFPB wants consumer input on credit card agreements

Friday, December 16th, 2011

With millions of Americans still dealing with credit card debt on accounts they may not fully understand, the new federal bureau is asking for the publics help in shaping a new document to help clarify many aspects of a lending agreement.The federal Consumer Financial Protection Bureau is seeking public ...