Archive for October, 2006

It's nearly a year since Yes Car Credit closed its doors, but hundreds of customers' lives are still being made a misery by the controversial car sales and loans company.
Customers are complaining of being hit with huge bills when they attempt to return their car, being aggressively pursued and even threatened with bankruptcy if they […]

A cut in spending by UK consumers forced insurer Prudential to admit today that its Egg internet banking arm would make a half-year loss.
 As well as lower-than-expected borrowing levels, the Pru said levels of bad debt - particularly in relation to personal loans - had exceeded forecasts.
It said there had been a marked increase […]

When I was growing up, there was something vaguely terrifying about the idea of debt. People who couldn't pay their bills were in a category of their own, constantly plagued by sheriffs' officers, repossession men, by the authors of threatening letters, and all that worrisome business known to attend on those who live their lives […]

An interest rate increase of just 0.25 per cent next month would put 1.1million Britons into bankruptcy, analysts warned yesterday.
The average rise of £70 on a mortgage, plus other loans, could leave those already struggling with repayments "one pay cheque short of disaster".
Debt help specialists Thomas Charles stressed: "If November sees a hike, the rate […]