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Insurance Quotes Personal Loans
 
Credit Card Cheques To Be Banned
Thursday, 02 July 2009 09:35

The government have announced that credit card cheques are to be banned and new measures are to be introduced to help those struggling with debt. Figures released by the Bank of England has shown that UK citizens owe £233 billion on credit cards, loans and overdrafts. Credit card cheques are blank cheques sent out with statements. They have proved to be controversial as they do not provide the same protection as credit cards. The government will also be reviewing credit card charges and fees.
 
Mortgage Plan Not Working
Wednesday, 01 July 2009 13:28

A government scheme designed to help homeowners who are at the risk of repossession has only helped six families. The scheme started in January and the government put £200 million aside to help individuals stay in their homes. In April the government added another £80 million to the scheme to help those suffering from negative equity however this has had little impact. The government has said that a new central team will be introduced next month which should help those at risk more quickly.