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Stocks plunge in dire day for markets
30/09/2008
The financial viability of British banks is under threat, following America's rejection of a bailout plan.
Congress - equivalent to the house of commons in the UK - rejected a £350 billion plan to create a "bad bank" which would buy up toxic assets from financial firms yesterday.
New York's Dow Jones stock index plummeted 777 points, the biggest one-day drop ever, following the news.
Continue reading; Stocks plunge in dire day for markets
Tags; Credit Card Lifestyle, Recent Graduate Debt, Retirement Money Problems, Young Family Finances, Current UK Economy,
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SAMs victims 'plot court case'
30/09/2008
People who cannot move home thanks to taking out a type of mortgage product sold in the 1990s are planning a test case against lenders, the BBC reports.
The pressure group Struggle Against Financial Exploitation (SAFE) is asking its members to provide £5,000 each to fund the legal action - which could cost many millions of pounds.
The problem stems from the equity release-style shared application mortgages (SAMs) sold by Bank of Scotland and Barclays around a decade ago.
Continue reading; SAMs victims 'plot court case'
Tags; Retirement Money Problems, Young Family Finances, Housing Debt and Bills,
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Couple 'paid PPI totalling half of loan'
29/09/2008
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TPA claims increasing tax burden for poor people
29/09/2008
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Libor rise leads to lenders' rate hikes
26/09/2008
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Budget stores boom as retail experiences 'hurricane season'
26/09/2008
- 25/09/2008 Grandparents 'spending on family in tough times'
- 25/09/2008 Mortgage fees 'can swell costs of loan'
- 25/09/2008 Labour slammed for high-interest credit card
- 24/09/2008 Car buyers 'miss out on £1,500 through failure to haggle'
- 24/09/2008 Car buyers 'miss out on £1,500 through failure to haggle'
- 24/09/2008 Retailers put up store card rates
- 23/09/2008 Financial advice survey shows 'importance of family'
- 23/09/2008 Key decision expected on 'discriminatory' retirement law
- 23/09/2008 Labour 'in favour' of windfall energy tax
- 22/09/2008 Taxes 'might go up by 5p'
- 22/09/2008 Equity release 'should be a last resort'
- 19/09/2008 City jobs 'hit by downturn'
- 19/09/2008 Divorce down, marriage up in credit crunch
- 19/09/2008 HBOS job cut figures slammed by Lloyds chief
- 18/09/2008 Unemployment 'will hit two million next year'
- 18/09/2008 Supermarkets cut food prices
- 18/09/2008 HBOS and Lloyds TSB strike deal
- 17/09/2008 Parent-guarantors on the up among twenty-somethings
- 17/09/2008 Customers worry as HBOS stock drops
- 17/09/2008 Rural residents 'consistently overspending'
- 16/09/2008 CBI predicts rise in unemployment
- 16/09/2008 New inflation rate released
- 16/09/2008 Energy firms accused of 'dirty tricks'
- 15/09/2008 Experts warn of '10% Christmas price rise'
- 15/09/2008 Warning issued over new repossession law
- 15/09/2008 US bank collapses 'to have global effects'
- 12/09/2008 FOS criticises PPI providers
- 12/09/2008 Personal finance classes scheme launched
- 12/09/2008 'Desperate situation' as serious debt worries mount
- 11/09/2008 Saga 'extremely concerned' about consumer cutbacks
- 11/09/2008 Salmond tax 'might be scuppered' by benefit shortfall
- 11/09/2008 Warm Front scheme criticised by charity
- 10/09/2008 Which? slams PPI 'snake-oil'
- 10/09/2008 Insulation deal with energy firms 'won't be enough'
- 10/09/2008 Personal finances 'dependent on class'
- 09/09/2008 Government housing package criticised by group
- 09/09/2008 Billing and charges 'drive water provider complaints up'
- 09/09/2008 Rents on the up as buyers give up on market
- 08/09/2008 Debts 'might increase' after card firm puts up charges
- 08/09/2008 NHF predicts fuel poverty rise
- 08/09/2008 The credit crunch 'is here to stay'
- 05/09/2008 Parents 'still supporting adult kids'
- 05/09/2008 Salmond announces 'tartan poll tax' plans
- 05/09/2008 Becoming a celebrity 'number one career ambition for many'
- 04/09/2008 uSwitch accuses providers over card debt
- 04/09/2008 Women 'most worried about debt'
- 04/09/2008 Tenant eviction advice offered by landlord expert
- 03/09/2008 The Hartford discovers retirement fears
- 03/09/2008 Unemployment hits new high
- 03/09/2008 Hard-up Brits 'more willing to haggle'
- 02/09/2008 Health crunch threatens Brits, insurer warns
- 02/09/2008 Newlyweds 'facing financial strain'
- 02/09/2008 Consumer spending drop results in economists' warning
- 01/09/2008 Paypal sees 'back to basics' budgeting trend
- 01/09/2008 Scottish Power and Npower Impose New Price Rises
- 01/09/2008 Tax rebates 'to come in paycheques this month'
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