Home repossessions start to slow

The mortgage industry has reduced its original high prediction of repossessions as the amount of people that are facing arrears or foreclosure has continued to diminish.

Between the months of April and June about 9,400 properties were taken back by lenders, which is a decrease from 9,800 during the quarter before according to statistics from the [...]

Instant approval loans helpful if used properly

Instant approval loans are a viable option and solution to short term money problems that may arise whenever a monthly income is temporarily suspended or when a sudden cash emergency pops up.  The funds are meant to offer short term coverage in the case of unforeseen expenses, utility bills, car bills, or other sudden financial [...]

BRC questions credit card company fees

Banks are making up to millions of pounds per year by placing high fees on debit and credit card sales according to retailers.

The British Retail Consortium introduced new figures that show the average credit card transaction costs retailers a stunning 34p compared to the 2.1p for cash transactions and 8.5p for debit transactions.

The BRC stated [...]

Future of Banking Commission looks for fairer customer rules

The Future of Banking Commission published their report today, which was orchestrated by Which? the consumer lobby group.  The Commissioners of the report were eight figures that came from a large variety of backgrounds such as the Conservative MP David Davis and Business Secretary Vince Cable.

The Commission was created after the banking crisis began, in [...]

Barclaycard Contactless system adds more retailers

Barclaycard contactless is to receive a consumer awareness boost as EAT. and London branches of Subway both launch in-store marketing campaigns to highlight that customers can use contactless enabled debit and credit cards to make purchases of £15 and under.

The in-store ads and point-of-sale material have started appearing in EAT. with the aim of making [...]

Massive capital gains hike on the way

The coalition Government is planning to up the amount of tax that investors have to pay when they sell off assets.  The rise is large, with a jump from 18% to 40% planned with the potential to even jump up to 50%.

The move will hurt investors that make their profits from property and shares the [...]

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