News Category

 
RSS

News

Loan


Service standards of Student Loans Company 'unacceptable', says NAO

Posted on Wednesday, March 24, 2010

Year 2010 can once again see delays disrupting the proceedings of student loans & grants system, warns the National Audit Office.  Incidentally, last year, around a quarter of a million students were left with no cash just before the onset  of the new term, thanks to new system that caused unwanted delays. Unfortunately, this crisis surfaced after the entire Student Loans Company (SLC) took over the processing system of all England's student applications for grants and...
Full Story



Staggering drop registered in UK loan business

Posted on Monday, March 22, 2010

January saw the biggest drop in the lending business across the nation. The report made public by Bank of England, (UK's supreme banking organisation) aka BoE, stated that corporate lending dropped down by £6.5 billion in the month of January. Further, this resulted in annual rate declining to 9.3 percent. Speaking from historical context, this was the steepest drop observed in the lending industry of UK, since the year 1999. Interestingly, the report maintained a silent...
Full Story



Insurance


Immigrant! Be prepared to pay high motor insurance premium instalments

Posted on Wednesday, March 24, 2010

Are you an immigrant in UK? If the answer to this question is 'YES', then better check your motor insurance policy! Chances are high that you are paying more than what resident citizens of the country are paying as premium instalment for their motor insurance policy. Don't believe so? Read the following... An eminent motor insurance policy provider in UK is found charging migrant motorists higher (around 1/5th) than what normal citizens are being charged for the same motor...
Full Story



Fear of financial meltdown lingers on the head of British people! Thanks to lack of insurance on their part!

Posted on Monday, March 22, 2010

Take this as an important alert. Around 24 million adults, living in the state of the United Kingdom, do not have a life insurance or income protection insurance policy with them, thus exposing themselves (and their families) to extreme risk of financial meltdown. Unfortunately, approximately 1/3rd fraction of this whole chunk thinks that they need only 35 percent of their total salary or even less to support themselves (and also their families) in times of injury or sickness when...
Full Story



Erratic Weather costed £650 million for insurers

Posted on Monday, March 22, 2010

Unpredictable weather conditions costed insurers a mammoth £650 million, thanks to numerous claims filed under the head of weather-related clause of the policy contract. The Association of British Insurers (ABI) reported that during the time between December 18 & January 13, heavy snowfall & dropping temperatures resulted in a total of 335, 000 claims. The association added that a major part of these claims were filed by motorists who faced problems due to rough road...
Full Story



Utility


Tories pledging security for gas & electricity supply

Posted on Monday, March 22, 2010

In their bid to construct additional facilities & interfere in the issues regarding supply contracts & storage facilities to defend the gas supplies in the winter, Tories have plans to incentivise firms. According to David Cameron, the name which drives Tories, present-day energy policy is out-of-date & Labour has failed miserably to overhaul the entire infrastructure. In reply, Labour was of opinion that policy approach was quite simple. However, they were not able to...
Full Story



Credit Card


Banks hike interest rates on credit card products to cover-up for their losses!

Posted on Friday, March 19, 2010

Taking a shot at government's bid to take down credit-card rip-offs, banking fraternity has come up with an initiative (on its own) to cover-up for the losses incurred in the process. The banks have hiked interest rates on their credit card products to do so. This decision has resulted in rising of average interest rates on credit card products to a mammoth 18.8 percent mark, which is highest in last 12 months.  Even market experts have cautioned that banks are not going...
Full Story



Debt Management


Previous   1 | 2 | 3 | 4 | 5 | ..... 8   Next
Home | Contact Us | Terms & Conditions | Resources | Sitemap
>