You know you’re living paycheck to paycheck if you find that you’re consistently running out of money before your next paycheck arrives. If you frequently have to borrow money from friends or relatives, take out payday loans or cash advances, or use your credit cards to cover your expenses until your next payday, then you’re [...]
The Best of Innovations display at this year’s Consumer Electronics Show in Las Vegas could make anyone drool: nerds, geeks, even the technologically challenged. There is, for example, a dishwasher from Kenmore boasting a full-color LCD screen where you can get instant advice and maintenance tips. There are the world’s first alpine goggles, “Transcend” from [...]
A price war has broken out in the personal loan market, with the average rate on an unsecured loan of £7,500 falling to 7.89pc – the lowest level since November 2008. However, those looking to borrow a smaller amount will not see the benefits of rate cuts as the average rate on a £3,000 loan [...]
Pawnbrokers will see the amount they loan increase by almost 80pc this month as cash-strapped Britons struggle to pay for their Christmas spending. According to the National Pawnbroking Association and borro.com, an online pawnbroker, the 79pc rise in loans in January is down to a number of factors, including the impending ‘Blue Monday’, the third [...]
House prices are to edge lower at the beginning of 2011 after falling 2 per cent this year, estate agents have warned. The Royal Institution of Chartered Surveyors said the overall outlook for the housing market in 2011 is likely to be the same as this year, with much resting on the economic outlook and [...]
At least 5,000 people are being pursued by debt collectors working on behalf of a payday loans firm, for sums they did not borrow in the first place. Police believe fraudsters managed to get loans paid out by Help Loan using personal details of innocent Britons. The Finland-based company believes the fraud has cost it [...]
UK Government borrowing fell sharply in July, although the country continued to sink further into debt. The Government borrowed £3.8bn over the month, down from £14.7bn in June, £18.4bn in May and 6.1bn in July last year, according to figures from the Office for National Statistics (ONS). It brings public borrowing for the four months [...]
Britain faces a weaker economic recovery and higher inflation for longer than previously hoped, the Bank of England forecast today. Economic expansion will peak at 3pc next year, weaker than the 3.6pc the Bank was expecting just three months ago. Today’s Inflation Report also forecast that the level of prices will remain above the Bank’s [...]
The number of people declared insolvent has risen as the credit crisis marks its third anniversary. A total of 34,743 people were declared insolvent during the three months to the end of June, 5 per cent more than during the same period a year earlier, according to the Insolvency Service. The figures are lowered than [...]
Naomi Campbell, the model, admitted that she was given “dirty rocks” by the former Liberian ruler Charles Taylor as she gives evidence at his war crimes trial. She told the court she handed the gems to a colleague and told him to “do something good with them”. She said she had wanted them to be [...]
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