Santander may have to compensate for 30,000 former Abbey mortgage holders. Santander fears that more than 30,000 of its customers might be due compensation after errors made in 2008.
Changes to DLA
Today DLA will begin to be replaced by Personal Independence Payment (PIP) for people aged 18-64. Initially it will only affect some areas which are; Merseyside, North West England, Cumbria, Cheshire and North East England. By June 2013 all new claims will be for PIP.
How do I check my credit score?
People often ask me about their credit score, but since we do not offer credit this is not something we need to access. However it is very important to be aware of your credit score as lots of agencies will use your credit report to determine whether to do business with you, such as banks, [...]
Changing Bank No More Myths
Changing Bank- It’s a lot easier than you think Even with all the failings of today’s high street banks, a lot of people still seem to feel loyalty to their bank, even though the sentiment does not seem to be returned. Even though many people complain that they are unhappy with their bank just 3 [...]
Payday lender shut down by OFT
The lender that traded under the name Speedy Credit, Paycheck Credit and Pop Credit, has been shut down by the Office of Fair Trading (OFT) after fraudsters borrow millions. It failed to carry out adequate identity checks on loan applicants allowing fraudsters to borrow millions of pounds using false identities. This meant people were [...]
Employment Support Allowance changes in Northern Ireland
Concerns over ever growing over Employment Support Allowance changes in Northern Ireland NI charity Mencap is shocked by the government’s decision to change benefits for severely disabled children. This change will cause stress and confusion among families who will now face reassessment. Severely disabled children, at present are entitled to Employment Allowance, which gives [...]
UK Personal Debt Statistics So Far In 2013
Ever wondered how we are all doing in the world of DEBT these days Are we getting any further at tackling the problem? Is the Debt Reducing? Below are a few statistics that can shed some light on the current debt situation
Cost of the Plunging Pound
British holiday makers, overseas property owners and expats are nearly £1 billion a year worse off because of the sinking value of the pound. For those that have had mortgages and pension transferred into euros they could be losing hundreds of pounds a month. Since the decline of the pound at the start of [...]
RBS to compensate customers after latest computer glitch
RBS banking group has hit the headlines again for all the wrong reasons, with confidence in the already at an all time low, after last summers meltdown, the banking group is left scrambling to compensate its customers. On Wednesday night 6th March 2013, the problems began. RBS, Natwest and Ulster Bank faced problems with [...]
Ticking time bomb? Interest-only Mortgages
Although over the last decade there has been a drastic reduction in the number of mortgages taken out as interest only, there are still a large number of people opting for this option, when they feel they cannot afford their repayment amount. Some mortgage companies are only offering this option on a short term basis, [...]
