She is currently in trouble with the taxman to the tune of £157,000. As well as being threatened with bankruptcy over unpaid tax from 2004 to 2006, she owes £73,000 tax from 2007.
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Many people who have had difficulty repaying their debts are treated by the financial services industry as funts – or financial untouchables. We believe that those who do their best to repay their creditors should be offered the incentive of no black marks, not being treated as financially untouchable and not waiting 6years for credit blemishes to be overlooked.
The number of pensioners living below the poverty line in the UK has rises to 2.5 million in June 2008, the first increase since 1998. (more…)
Mortgage lending remained slow in May 2008 with total lending down 19% over the year, says they from the Council of Mortgage Lenders (CML).
Tightened lending criteria and falling confidence in the housing market contributed to a £5bn fall in the value of mortgages advanced - from £31.5bn in May 2007 to £26.5bn last month.
The CML said the Bank of England’s data on mortgage approvals for house purchases suggested lending would continue to be weakfor months to come.
Lending has recovered slightly since reaching a record low of £23.9bn in December last year, but much of the activity has been remortgages rather than loans for house purchases.
Recent figures from the Bank showed the number of approvals reached a record low in April, with just 58,000 mortgages approved for purchases - a fall of almost 49% on the previous April.
According to financial information firm Moneyfacts, the cost of fixed-rate home loans has reached 10-year high with many of the most attractive rates exclusively for those looking to borrow only 75% of the value of their home. This is make the threat of repossession more like to those struggling to maintain payments once they sweetener period of their mortgage has expired.
A viewer of BBC2’s Working Lunch TV programme asked if any UK bank offers an ethical current account. The answer was yes, but presently only one bank provides such a service. (more…)
The temptation on a Money Comparison website is to always apply for the lowest APR loans. However if you don’t have a very good credit history, this could make it worse. (more…)
People can still contact you where ever you are, which is the primary benefit of a mobile phone. For that, it does not matter at all which tariff you are using. (more…)
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