- Warning. Beware of financial advisers promising unusually high investment returns.
- In Money Marketing this week the Financial Services Authority is warning advisers about the dangers of selling dodgy non regulated investment products. What about warning the public?
- Wed 28th Jul 2010
- Have you been miss-sold your mortgage and are now stuck in mortgage hell.
- I have been speaking to a number of mortgage gurus over the last few days and the prickly topic that keeps cropping up is mortgage miss-selling.
- Wed 14th Jul 2010
- Bank of England to hold interest rates until May 2011. Good news.
- The british chamber of commerce have stated that rates will be on hold for quite some time.
- Tue 6th Jul 2010
Brits 'depend on credit cards'
Fri 11 Jan 2008 4pm
The UK is developing into a nation totally reliant on credit card spending, new research has suggested.According to findings from the Post Office, one in four British card holders are now more dependent on their plastic than they were at the start of 2007.
The survey discovered that overspending during the Christmas period has meant that people are particularly likely to resort to making purchases on credit at the beginning of the year, with 41 per cent of people using their card to buy everyday items in January.
Gary Fitton, director of lending at the Post Office, said: "Typically January is the time of year when people struggle with their money the most.
"Many people have overstretched themselves over the Christmas period and have little choice but to use their credit card in the new year."
Recent research by Abbey stated that over three billion people are planning to switch balances on their credit cards in the early stages of 2008.
