Archives for 3 August 2007
Hard-selling store cards ‘can damage credit debt management’
Credit debt management efforts may be hampered by staff hard-selling store cards, it has been warned.
Consumer watchdog Which? suggests that customers should not be offered special promotions or increases in their credit limit as a means of encouraging them into additional debt.
“Which? believes that financial institutions should always lend responsibly and properly assess the […]
Interest rate fix ‘provides debt relief’
Homeowners could experience debt relief following the Bank of England’s decision to maintain the base rate of interest at 5.75 per cent, it has been claimed.
The National Association of Estate Agents welcomes the choice to fix the base rate at its current level, in light of the affordability issues facing much of the property […]
Negative equity ‘can create bad debt’
Negative equity can create a bad debt problem for first-time buyers, it has been warned.
Michael Brill, director of Baronworth Investment Services, urges first-time buyers to consider the possibility of a house price crash before taking on mortgages with loan-to-value ratios of up to 110 per cent.
However, he adds that if property values continue to […]
Life insurance discount ‘offers debt help for veggies’
An insurer is providing debt help for vegetarians with a discounted life insurance policy, it has emerged.
Animal Friends Insurance suggests that the health benefits of eliminating meat from the diet should be considered in the same way as quitting smoking.
The firm has now launched a life insurance policy with a discount of up to […]