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....The fees on the loan ended up totalling $1209. The woman said she later found herself in a debt spiral, taking out multiple loans just to afford repayments on others. ... [Read full article on Guardian ]
Sunday 26th of March 2017 07:35:58 PM
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....It engaged Labor’s former shadow financial affairs minister Bernie Ripoll to lobby on its behalf last year and has taken him to Canberra for the meetings. An email from the association, obtained by Guardian Australia, tells federal politicians that it holds “serious concern” about one particular measure under consideration, which would reduce the amount payday lenders can claw back in repayments. ... [Read full article on Guardian ]
Monday 27th of March 2017 03:41:46 AM
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Latest Finance News related to Repayment

Payday loan industry using former Labor shadow minister as lobbyist image
Source : Guardian [Read Article] Monday 27th of March 2017 03:41:46 AM
....It engaged Labor’s former shadow financial affairs minister Bernie Ripoll to lobby on its behalf last year and has taken him to Canberra for the meetings. An email from the association, obtained by Guardian Australia, tells federal politicians that it holds “serious concern” about one particular measure under consideration, which would reduce the amount payday lenders can claw back in repayments. ...
Consumer advocates call for crackdown on irresponsible payday lending image
Source : Guardian [Read Article] Sunday 26th of March 2017 07:35:58 PM
....The fees on the loan ended up totalling $1209. The woman said she later found herself in a debt spiral, taking out multiple loans just to afford repayments on others. ...
New Nationwide deal for parents to raise cash from their home to help their children image
....Barclays' deal allows people to take out a mortgage if a helper puts up 10% of the house purchase price. The helper receives their savings back after three years, with interest, as long as the mortgage repayments are kept up. ...
Big Six energy companies face price caps after free market fails Brits image
Source : Daily Express [Read Article] Sunday 19th of March 2017 08:52:00 AM
.... . Price caps are already being introduced for prepayment customers and expect to see that extended to cover the remaining 90 per cent of the market within weeks. ...
REVEALED: The trick to pay LESS for your mortgage each month image
Source : Daily Express [Read Article] Saturday 18th of March 2017 09:01:00 AM
....74 per cent for a 90 per cent LTV. The difference in repayment stands at a typical £105. ...
'Brothers bling': lawsuit puts Nick and Christian Candy in spotlight image
Source : Guardian [Read Article] Saturday 18th of March 2017 09:00:35 AM
....The money was provided at short notice by Christian via his Guernsey-based property firm CPC Group. It is Holyoake’s case that over the course of the following two years, the Candys used threats and a series of 44 separate loan agreements to pressure him into repaying £37m on a £12m borrowing, that they tried to “steal” the development from him in lieu of repayment, and that they forced him to forgo profits. ...
Are these cashback deals  a carrot… or a costly stick? image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....While the interest rates on mortgages with cashback tend to be higher, these deals can still end up being more cost-effective overall, argues Yorkshire building society, which has crunched the numbers in order to back up its assertion. It says a first-time buyer with a 5% deposit who wants to borrow £171,000 (the society’s average loan size for first-time buyers at 95% loan-to-value in January, for a capital and interest mortgage) would have monthly repayments of £800. ...
Theresa May echoes Ed Miliband with promise to reform energy market image
Source : Guardian [Read Article] Friday 17th of March 2017 04:53:15 PM
....The charity Citizens Advice has argued that poorer customers often get punished for loyalty, by being put on to expensive standard variable tariffs. They are calling for a price cap due to come into place for prepayment meters in April to be extended to customers on those rates. ...
MORTGAGE RATE WAR: New 0.99 per cent deal gives boost to home buyers as market shakes up image
....It is the first time the provider has offered a rate below one per cent and is currently the only such deal on the market. However, the mortgage comes with a relatively high fee of £1,495, highlighting the importance for borrowers to calculate overall cost of a loan including repayment costs and added fees. ...
Interest-only mortgage deals: Bank to help 100,000s borrowers with new change image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 02:15:00 PM
....Age Partnership last year found these borrowers were typically 70-years-old and have £66,035 in outstanding debt. Homeowners often find it difficult to get a new mortgage deals if the term runs into retirement, even though many people could use guaranteed pension income to make repayments. ...
Bailiff industry still problematic, say charities image
Source : Guardian [Read Article] Tuesday 14th of March 2017 08:00:16 AM
....”. Research for the report, which spoke to 1,400 people who had been visited by a bailiff in the past six months, found that nearly a quarter (24%) had tried to arrange repayment over the phone, but saw the bailiff insist on visiting anyway. ...
How to beat UK energy price rises image
Source : Guardian [Read Article] Monday 13th of March 2017 12:20:57 PM
.... Investment bank Jefferies has calculated that capping standard tariffs £50 below their current level would knock British Gas hard, denting profitability per customer from £50 to £35. Energy regulator Ofgem announced an energy price cap last month from 1 April for about 4m households on prepayment meters. ...
US interest rate rise to deepen debt crisis in developing world image
Source : Guardian [Read Article] Monday 13th of March 2017 07:00:26 AM
....“The rapid increase in debt payments in many countries comes after a boom in lending, a fall in commodity prices, the rising value of the US dollar and now increasing dollar interest rates,” said Jones. He warned there was a danger that loans from the International Monetary Fund (IMF) and other lenders would be used to bail out “reckless lenders” who were at risk of not getting repayments from crisis-hit countries. ...
Nick Candy paid Katy Perry £1.2m to sing at his wedding, court told image
Source : Guardian [Read Article] Friday 10th of March 2017 05:00:20 PM
....Billionaire brothers Nick and Christian Candy are being sued for £132m in damages by former business associate Mark Holyoake. They deny using blackmail and intimidation to extort repayments of £37m on a £12m loan. ...
Christian Candy adviser linked to Litvinenko and his alleged killer image
Source : Guardian [Read Article] Thursday 9th of March 2017 07:45:01 PM
....Details of the transfers to alleged killer Andrey Lugovoy and to Litvinenko, who died in 2006 after swallowing a radioactive substance called Polonium-210, were given during a high court trial. Candy and his brother are defending charges that they used blackmail and intimidation to extort repayment of a loan. ...
Greek farmers clash with riot police in Athens over austerity image
Source : Guardian [Read Article] Wednesday 8th of March 2017 05:16:48 PM
....The government is seeking to complete bailout talks over controversial income and spending cuts with visiting inspectors representing Greece’s international creditors. The country is due to make debt repayments of €7bn (£6bn) in July and faces the prospect of default if the bailout review is not completed. ...
House price growth slowest since 2013, says Halifax image
Source : BBC [Read Article] Tuesday 7th of March 2017 08:53:35 AM
...." . However, low mortgage rates have meant that the proportion of people's earnings being spent on repayments is still relatively modest. ...
Greece desperate for growth strategy as public mood darkens image
Source : Guardian [Read Article] Sunday 5th of March 2017 04:54:18 PM
....5% – before interest payments are taken into account – once its current rescue programme expires in August 2018. The country faces debt repayments of over €7bn in July and with its coffers near empty would be unable to avert default – and inevitable euro exit – if additional loans weren’t forthcoming. ...
Snap and Sorrell are wrong: powerful bosses can become untouchable insiders image
.... PPI, after all, need not have been a scandal. Sold alongside loans and credit cards with a view to ensuring customers could keep up repayments after sudden loss of income (through illness, say) PPI should have provided a sensible safety net for customers. ...
Christian Candy tells high court: ‘I don’t deal with shady people’ image
....”. The billionaire was giving evidence for a third day in a £132m claim for damages brought by the entrepreneur Mark Holyoake, who alleges Candy and his brother used threats and blackmail to extort repayments totalling £37m on a £12m loan. ...
Nick Candy accused of being secret partner in brother's property group image
Source : Guardian [Read Article] Thursday 2nd of March 2017 02:48:12 PM
.... He alleges that he was threatened by the Candy brothers after taking out a £12m loan from them to fund a property development. The Candy brothers are in court this week to deny accusations of using blackmail and threats to extort repayment of the loan. ...
Home ownership in England at a 30-year low, official figures show image
Source : Guardian [Read Article] Thursday 2nd of March 2017 02:32:32 PM
....The report also provided fresh evidence that, for those who can afford to buy, the traditional 25-year mortgage may be on the way out. It found that almost all first-time buyers had taken out a repayment mortgage, and that 40% had signed up for a home loan lasting 30 years or more. ...
PPI claims deadline is announced image
Source : BBC [Read Article] Thursday 2nd of March 2017 07:21:58 AM
....The imposition of a deadline is likely to lead to a fresh wave of text messages and recorded calls by those offering to make claims on a customer's behalf. PPI was designed to cover loan repayments if the policyholder fell ill or lost their job. ...
Property tycoon denies threatening business partner’s pregnant wife image
Source : Guardian [Read Article] Wednesday 1st of March 2017 08:09:33 PM
....Luxury property tycoon Christian Candy has denied making threats against a business partner’s pregnant wife, saying he was “expressing genuine concern” for her wellbeing. The developer and his brother Nick Candy, who is married to the soap star Holly Valance, were in the high court this week to deny accusations of using blackmail and threats to extort repayment of a loan. ...
Christian Candy 'was hellbent on destroying' former friend's family image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:32:23 PM
.... She allegedly claimed her husband was so distraught about his brother’s behaviour towards him, he had “lain down in a foetal position on the floor of a hotel room and wept inconsolably”. Mark Holyoake alleges he was blackmailed by the brothers into making extortionate repayments on a loan. ...
‘Buy for Uni’ mortgage turns students into landlords image
Source : Guardian [Read Article] Monday 27th of February 2017 09:28:35 AM
.... After the three- or five-year term, when the student will have graduated, it is expected to change into a more traditional mortgage. Unlikely as it is that minimum wage shifts in the students’ union bar will cover the repayments, the student instead becomes a landlord, earning money from the spare rooms by renting them out. ...
Energy bills: are UK customers finally starting to switch supplier? image
Source : Guardian [Read Article] Monday 27th of February 2017 12:01:44 AM
....”. Guy said an easy way to cut bills for some of the poorest households would be to extend the prepayment cap to those eligible for the warm homes discount. ...
Drive off with a secondhand car for less image
Source : Guardian [Read Article] Saturday 25th of February 2017 06:59:05 AM
.... But with a lot of three-year PCP deals coming to an end in 2017, it might be a good time to pick up an ex-finance bargain. Under most PCP schemes the driver makes monthly repayments for three years before being presented with three options: either make a “balloon” payment and take legal ownership of the car; trade it in and use any equity as a deposit for another new car; or return the car to the dealership. ...
British Gas worst-value tariffs are not 'evil empire', boss says image
Source : Guardian [Read Article] Thursday 23rd of February 2017 01:28:27 PM
....The results were largely seen as positive by analysts but prompted consumer groups to accuse Centrica of making big profits while consumer bills remained high. Citizens Advice called for an extension of a recent price cap by the regulator Ofgem for 4m households on prepayment meters. ...
Do we need a credit check to find out whether we can remortgage? image
Source : Guardian [Read Article] Thursday 23rd of February 2017 07:00:00 AM
....What lenders do look at is how much you owe compared with your income, how much of your available credit you are using and how much spare cash you have after paying living expenses. They will also take into account the historical information held by credit reference agencies, which tells them how well you manage your debts and whether you have missed repayments, as well as whether you have defaulted on any loans and/or been declared bankrupt in the past six years. ...
Greece standoff over €86bn bailout eases after Brussels deal image
Source : Guardian [Read Article] Monday 20th of February 2017 07:44:42 PM
.... The IMF has so far declined to get involved in the latest bailout because it believes that refusing to write off some of the Greek debt burden will crush Greece’s economic prospects. In contrast, the EU institutions argue that deferring repayment terms – rather than waiving payments – will allow the Greek economy to grow and pay its dues. ...
How Unilever foiled Kraft Heinz's £115bn takeover bid image
Source : Guardian [Read Article] Monday 20th of February 2017 07:15:00 PM
....Kraft’s offer was made partly in shares but mostly in cash, about £70bn, a sum that would have been funded by debt. This heavily-leveraged business model would have dragged down Unilever’s credit rating, leaving the combined company laden with a huge debt pile incurring substantial repayment costs. ...
How to cut FIVE months off your mortgage repayments with one simple move image
Source : Daily Express [Read Article] Sunday 19th of February 2017 04:02:00 PM
....However, rates could be about to creep back up if market signals are to believed, meaning now could be a good time for consumers to lock into a deal. Longer mortgage fixes can provide more certainty for home owners, but it's important to look at any early repayment costs, which may need to be paid amid a house move. ...
Tackle your debts while interest rates are at lowest image
Source : Daily Express [Read Article] Sunday 19th of February 2017 11:59:00 AM
.... . David Hollingworth, broker at L&C Mortgages, says older homeowners with interest-only mortgages need to review their debt: “If you have a capital repayment mortgage, check it is set up to clear the mortgage on your retirement date, or preferably earlier. ...
British Gas price freeze is unlikely to impress customers image
Source : Guardian [Read Article] Sunday 19th of February 2017 07:00:02 AM
....There is also the prospect of the government introducing a price cap, given the outrage over energy price rises. Ofcom is already set to introduce a price cap for prepayment customers in April, which analysts say could knock £80m off British Gas earnings. ...
‘From bad to worse’: Greece hurtles towards a final reckoning image
Source : Guardian [Read Article] Sunday 19th of February 2017 12:05:16 AM
One in four UK retirees burdened by unpaid mortgage or other debts image
Source : Guardian [Read Article] Friday 17th of February 2017 06:49:49 AM
....The Prudential said that those planning to retire in 2017 with debts but expecting to clear them, would need nearly three-and-a-half years on average to pay off the sums owed. The repayments will swallow up an average of £230 a month. ...
Greece defies creditors over more cuts as economy shrinks unexpectedly image
Source : Guardian [Read Article] Tuesday 14th of February 2017 07:57:17 PM
.... The IMF has repeatedly said it will not sign up to the programme unless the crisis-plagued country is given more generous debt relief in the form of a substantial write-down. With Greece facing a €7bn debt repayment to the European Central Bank in July, fears of a Greek default have once again hit markets with shares falling and interest rates on Greek debt rising. ...
Fraud case and falling share price take shine off Lloyds’s farewell to taxpayer image
....When the Portuguese banker’s temporary leave was announced in November 2011, the share price plunged to below 30p and there were doubts he would return to the bank’s headquarters on London’s Gresham Street. However, when Horta-Osório did get back to work, he shed some light on what had stopped him sleeping for five consecutive days, telling the New York Times about his fears for Lloyds - which had £300bn of debt, half of which was on very short repayment schedules. ...
Sub-prime cars: are car loans driving us towards the next financial crash? image
Source : Guardian [Read Article] Friday 10th of February 2017 03:29:36 PM
....Another worry is “delinquencies”, which refer to falling into default or arrears on a loan. If the economy tanks, as either interest rates, unemployment or inflation rises, then the ability of millions of people to keep up their loan repayments will fall, and impairments will balloon. ...
Greece hopeful of imminent EU debt  deal     despite German warning image
Source : Guardian [Read Article] Thursday 9th of February 2017 07:53:55 PM
....The Greek government has expressed hope of an imminent deal with its EU creditors, despite a warning from the German finance minister, Wolfgang Schäuble, that the country could cut its debts only by leaving the single currency. Athens is in a familiar stand-off with the German finance ministry as it seeks easier repayment terms on its €330bn (£280bn) debt pile, which the International Monetary Fund has described as unsustainable and explosive. ...
Fingerprint payments prompt privacy fears in India image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:00:13 AM
....Already companies are linking Aadhaar numbers with collected metadata. Credit-checking startup CreditVidya, for example, identifies clients using their biometric ID in combination with their internet browsing history and other data, to assign credit scores for users who have no record of loan repayments. ...
Trump envoy says Greece is now more likely to leave the euro image
Source : Guardian [Read Article] Wednesday 8th of February 2017 03:10:19 PM
....In the third bailout in as many years, Greece has lost more than 25% of its GDP due to austerity-fuelled recession, the biggest slump of any advanced western economy in modern times. Without further emergency funding from its €86bn (£74bn) rescue programme, Athens could face a default in July when debt repayments of about €7bn to the European Central Bank mature. ...
Lack of transparency over green energy subsidies 'shambolic', say MPs image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:01:00 AM
....The committee dismissed a BEIS report last November, which it said did not break down the impacts of policies to a household level, and did not show the savings that policies could bring, such as reducing consumers’ exposure to volatile fossil fuel prices. The report came as the energy regulator announced details of an energy price cap from 1 April for about 4m households on prepayment meters. ...
Greece's debt costs rise sharply as worries grow over IMF role image
Source : Guardian [Read Article] Tuesday 7th of February 2017 06:26:16 PM
....Fresh worries over Greece’s debts have pushed the country’s borrowing costs sharply higher amid renewed insistence from Athens it will not swallow further austerity demands from international lenders. The yields on two-year government bonds jumped to their highest level since last June and went above 10% to reflect growing anxiety on financial markets over Greece’s ability to keep up to date with debt repayments. ...
If we’re going to tackle the evils of renting, at least do it properly | Penny Anderson image
....It should become customary for tenancies to last for years, decades, or even an entire lifetime (unless there is severe misbehaviour on the part of tenants). Nicola Milner, a former landlady of the year I once interviewed, has never evicted a tenant for arrears; rather she negotiated a repayment plan. ...
Universities minister announces sale of student loan book image
Source : Guardian [Read Article] Monday 6th of February 2017 03:28:59 PM
....The universities minister, Jo Johnson, said the move would have “no impact” on student borrowers paying off loans, as terms and conditions would remain the same after the sale was completed. Critics, however, were sceptical of the minister’s assurances, noting that the government had already moved the goalposts once on student loan repayments. ...
Grexit? Greece again on the brink as debt crisis threatens break with EU image
Source : Guardian [Read Article] Friday 3rd of February 2017 02:36:32 PM
.... Shored up by a third EU-led bailout, Athens was told this week that further rescue funds would not be forthcoming until it concluded a compliance review of terms attached to the €86bn (£74bn) aid package. In July Greece faces debt repayments of €7. ...
I want to repay my Help to Buy loan in order to let my house image
Source : Guardian [Read Article] Thursday 2nd of February 2017 07:00:23 AM
.... As a result I’m looking to repay my Help to Buy equity loan but don’t know how to go about doing this. Do I contact the mortgage provider or a solicitor? Also, once my mortgage repayments increase does this mean the house is fully mine or is this not the case until its fully repaid? JD. ...
Greece has three weeks to deal with 'potentially disastrous' debt image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:07:40 PM
....With €10. 5bn in debt repayments lined up this summer, a rerun of the debt crisis looms if disbursements aren’t made. ...
Is equity release a good way to pay off your home loan? image
Source : Guardian [Read Article] Saturday 28th of January 2017 07:00:48 AM
....The City watchdog has identified 2017-18 as the first of three “peak periods” when large numbers of interest-only mortgages will mature. It estimated that about 85,000 of these home loans are due for repayment this year, and then the same again next year. ...
Halifax is chasing a debt on a house my wife left 20 years ago image
Source : Guardian [Read Article] Wednesday 25th of January 2017 07:00:31 AM
.... Now Halifax is chasing her for the shortfall. We also discovered the mortgage had been changed from an endowment to repayment. ...
Your money: Hidden costs behind your financial products image
Source : Daily Express [Read Article] Sunday 22nd of January 2017 12:01:00 AM
....CREDIT CARDS Credit card borrowers can take advantage of some great interest-free deals, with Halifax and MBNA leading the pack by charging zero per cent on balance transfers for the first 43 months. Be warned, balance transfer cards can easily trip you up, says David Black, banking specialist at DJB Research: “If you exceed your credit limit, make a late monthly repayment, or fail to make the minimum repayment, your introductory rate could be swiftly withdrawn. ...
Can I buy a flat while I'm paying off debts through an IVA? image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:00:30 AM
....Q I have a few questions about whether I have any chance of buying a flat while I am on an IVA (individual voluntary arrangement) and repaying my debts. As I am on an IVA, rather than bankrupt, are there any special options for me? And how many months after I finish my repayments will my credit score be OK for me to get a loan? I want to avoid paying a deposit as I have no savings so what are my options? My income is £24,000 a year so how big a loan I can apply for? PG. ...
Sharp rise in first-time buyers taking mortgages lasting at least 30 years image
....Meanwhile, the average price first-time buyers are paying hit a new high last year, passing the £200,000 mark for the UK as a whole, and rising above £400,000 in London. With high house prices, student debts and a rise in the age at which couples have children, many people are tending to buy a home later and opt for a longer repayment term. ...
'I set myself on fire' image
Source : BBC [Read Article] Friday 13th of January 2017 12:16:58 AM
....6m (US$1. 9m; £935,000) property loan, but she soon realised her mistake as she began to fall behind with her repayments. ...
Do we have to take out life cover through our mortgage adviser? image
Source : Guardian [Read Article] Thursday 12th of January 2017 07:00:21 AM
.... Whenever you die during the term of the policy, usually the same length as the mortgage term, you will get that fixed amount. A cheaper alternative is decreasing cover, usually sold with repayment mortgages, where the amount that will be paid out in the event of death goes down broadly in line with the mortgage debt. ...
Take the long view with a 10-year fixed-rate mortgage image
Source : Guardian [Read Article] Thursday 12th of January 2017 07:00:21 AM
....19%. Broker firm John Charcol reckons 10-year lock-ins make sense for more mature borrowers looking to remortgage, but come with too many early repayment penalties to suit first-time buyers. ...
'It's a financial cliff edge': how Britain fell back in love with credit cards image
.... Many Britons rely on being able to shuffle debt from one company to another, with industry data showing 43% of credit card balances are being managed on an interest-free basis, the highest level ever. While on the surface it looks like great news for consumers that they can borrow for free for so long, the industry cynically relies on a portion of its customers failing to keep up with minimum repayments. ...
‘Debt is like fire': Martin Lewis's guide to using a credit card image
Source : Guardian [Read Article] Wednesday 11th of January 2017 03:33:45 PM
....Minimal gains. If you tick the minimum-repayment box you are just keeping yourself in debt – and that is what they want. ...
Govia withholds compensation from delayed rail customers image
Source : Guardian [Read Article] Wednesday 11th of January 2017 07:00:12 AM
....Britain’s most vilified train company Govia, the firm behind strike-ravaged Southern and other poorly performing franchises, has admitted it has been wrongly telling customers they are not entitled to delay compensation as a result of a “computer glitch”. In the run up to Christmas, thousands of passengers filed repayment claims with the firm after suffering significant delays following broken down trains, signal failures and cancellations due to driver shortages. ...
'She only makes tea': worst excuses for not paying UK minimum wage revealed image
Source : Guardian [Read Article] Wednesday 11th of January 2017 06:30:12 AM
....”. Lilley has written to the business secretary, Greg Clarke, to complain about “yawning gaps of non-disclosure” in the investigative process and a lack of information about how the repayment had been calculated between the employer and HMRC. ...
Statute of Liberty image
Source : BBC [Read Article] Tuesday 10th of January 2017 11:58:01 PM
....7bn (£55bn) remaining in outstanding loans. The study raised concerns of elderly people unable to afford repayments being pursued by debt chasers using "aggressive tactics". ...
No one can afford to stop the new consumer credit crisis image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:05:11 AM
....There is nothing wrong with judging household debt as a proportion of annual national income to gauge sustainability and the likelihood that borrowers can afford to pay it back. There is nothing wrong with it as long as you assume that GDP has been evenly shared out since the crash and that the people doing the borrowing have higher incomes, thanks to the higher GDP, to cope with repayments. ...
How to tackle your debts if you overspent this Christmas image
Source : Guardian [Read Article] Saturday 7th of January 2017 07:00:12 AM
....Barclaycard, Sainsbury’s and nuba (an MBNA brand) have all recently launched deals offering 0% interest for 42 months, but MBNA itself has gone one better by launching one that lasts for 43 months. The main benefit of a 0% deal is that all of your monthly repayment goes towards clearing the outstanding balance, and therefore the debt can be cleared much more quickly – but you do need to be disciplined. ...
Why we must make homes truly affordable for our key workers image
Source : Guardian [Read Article] Saturday 7th of January 2017 07:00:12 AM
....If you wanted to buy the minimum share using a 95% mortgage, the 5% deposit would be £7,258. You would then spend £1,189 on mortgage repayments, rent and service charges each month. ...
Household debt rises to post-credit crunch high image
Source : BBC [Read Article] Wednesday 4th of January 2017 11:26:03 AM
.... . "We would urge households to review their financial position carefully before taking on any new borrowing, and consider how they would cope with the repayments in the event their circumstances take a turn for the worse. ...
Payday loans are capped. Now let’s tackle other high-cost credit | Gillian Guy image
.... One person we helped will repay £2,000 for a washing machine that originally cost £300. Customers are also hit with further penalties if they miss a repayment, and harsh debt-collection practices. ...
Lost billions image
Source : BBC [Read Article] Sunday 1st of January 2017 04:13:54 AM
....In October last year, Virgin became the first train company to automatically compensate some passengers if they are delayed. Travellers using its services on the West Coast mainline - and who book their tickets via the company app or website - receive automatic repayments. ...
The train companies pocket millions in compensation for delays image
Source : Guardian [Read Article] Saturday 31st of December 2016 07:01:21 AM
....He is also proposing a new rail ombudsman with the power to award compensation more directly linked to the realistic loss suffered by passengers. When you are turfed off a train far short of your destination the cost of getting home is far more than the repayment of the single fare. ...
Philip Green, Vibrac and Riverdance: the mystery of Everton’s ‘shadow investor’ image
....9% share, valuing the club at £175m. The publication of Everton’s 2015-16 accounts last week revealed the Iranian businessman has also provided an interest-free loan of £80m “with no agreed repayment date. ...
Deutsche Bank and Credit Suisse agree multibillion-dollar settlements with US image
....The scandal dates back to 2005 and 2007, when banks packaged up home loans and used them to help create bonds - known as residential mortgage backed securities (RMBS) - which were sold on to investors. The mortgage repayments made by borrowers then provided a yield to the investor - so long as the borrower kept paying. ...
Should we dip into our savings to reduce our mortgage? image
Source : Guardian [Read Article] Thursday 22nd of December 2016 07:00:40 AM
.... If you do, it makes more sense to pay off these debts before reducing the amount of your mortgage. If, however, a mortgage is your only loan, it is worth investigating how much you are allowed to pay off without an early repayment charge. ...
Broadband boost for remotest parts of UK image
Source : BBC [Read Article] Thursday 22nd of December 2016 12:00:05 AM
....On average, the take-up has been 30. 6%, leading to a forecast repayment of £292m, the Department for Culture, Media and Sport said. ...
Singapore convicts banker in 1MDB case image
Source : BBC [Read Article] Wednesday 21st of December 2016 09:25:02 AM
....It aimed to boost the Malaysian economy through investments and infrastructure deals with foreign entities including Saudi Arabia. It also borrowed heavily and by 2014 had debts of $11bn and missed repayments. ...
'Buy now, pay later' debts hitting young image
Source : BBC [Read Article] Wednesday 21st of December 2016 12:06:44 AM
....As a result he received an interest charge amounting to more than the cost of the tablet. Citizens Advice said its analysis of 250 cases revealed cases of high fees, inadequate affordability checks and poor debt collection methods, such as repeated demands for repayments from debt-ridden customers. ...
Moody's voices concern at 'material delay' in Greece debt relief talks image
Source : Guardian [Read Article] Monday 19th of December 2016 06:43:19 PM
....1bn in ESM funding, a credit negative. “Such a delay increases the risks that repayments to bondholders due in July 2017 may be missed. ...
EDF to hike electricity prices 8.4% with other providers expected to follow suit image
....2%, to an average of £1,082 a year. Prepayment customers who take both gas and electricity from EDF will still pay 5. ...

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