What is a guarantor loan? A guarantor loan is a solution to borrowing money if you have little or no credit score, meaning you are unable to be approved for any other personal loan. Applying for a guarantor loan means that you could be able to borrow more money than...
Money
FCA Confirms Continued Support for Those Struggling with Mortgages Due to Coronavirus
FCA Confirms Continued Support for Those Struggling with Mortgages Due to Coronavirus Recently we reported that the FCA was in talks with the government to possibly extend support for people who are having trouble paying their mortgage due to the coronavirus. We’re...
Mortgage Payment Holidays Set to Extend
If you’re still struggling to pay your mortgage due to the coronavirus, it’s possible to get help. Back on 17 March, banks agreed to offer help with mortgages for those struggling to make payments. The mortgage payment holiday was set at three months, offering...
How to Save Money on Your Energy Bills During Covid-19
Chances are that you and your family have been spending more time at home due to the current Coronavirus pandemic. While you’re all at home, it’s necessary to cook, heat, and run additional devices such as computers, cell phones and gaming devices. What does this mean...
Travelex Website Being Held for Ransom
Travelex Affected By A Cyber Attack If you’re currently on holiday, have Travelex travel insurance, and are trying to connect with the company through its website, you’re out of luck for now. Both the company’s app and website have been offline due to a cyber attack....
Good News – Funding Extended for Scheme Helping Bank Transfer Scam Victims
Earlier this month, we reported that the funding scheme for helping bank transfer scam victims was due to end on December 31st of this year. However, it has been announced that funding has now been extended to March. The voluntary scheme, launched back in May, makes...
3.4 Million Pensioners Missing Out on Help-Up to £4,500 a Year
Over 3.4 million disabled pensioners could be missing out on up to £4,500 a year in aid from the attendance allowance. The attendance allowance is a benefit for disabled pensioners 65 years and over who need assistance due to mental or physical disability, terminal...
TSB to Close 86 Branches with Hundreds of Jobs at Risk
TSB is planning to close 86 of its branches, putting as many as 400 jobs at risk in the next 12 months. The reason? Debbie Crosbie, the new chief executive, hopes to cut costs while moving forward from the computer meltdown of last year. The meltdown caused a huge cut...
Victims of Bank Transfer Scams May Not Be Unprotected
Victims of bank transfer scams may be left unprotected after January 1st, after the banking industry was unsuccessful in coming to a consensus on how to fund a central reimbursement plan. While financial institutions agreed that victims should be reimbursed, no plan...
NatWest & RBS Ending Bills Cashback Scheme
NatWest & RBS Ending Bills Cashback Scheme If you’re a customer of NatWest or RBS (Royal Bank of Scotland) and are on one of their rewards accounts, then you’ll want to hear about upcoming changes to your account. The banks are ending their cashback rewards on...
The Hidden Costs of 0% Credit Cards
Costs of 0% Credit Cards Those credit card offers that come in the mail be very tempting with their 0% interest rates; however, there are details most customers don’t take the time to review on these offers. Since 2006 and the financial crisis, the average credit card...
The Cost of Going Self-Employed – Your Pension Pot
The Cost of Going Self-Employed – Your Pension Pot Recent research by Nest, one of the leading financial providers in the UK, shows that nearly 50% of all who are self-employed don’t know how to save for their retirement years. The issue? If you’re self-employed, then...
Is Tesco’s New Clubcard Plus Worth the Money?
Have you heard about Tesco’s new loyalty scheme? In this article, we’ll take a look at what you can expect from the new program and what is has to offer. Loyalty schemes have been around for ages, with many types of stores offering these programs to help customers...
Forex Investors Anticipate Major Central Bank News over Coming Days
Pound Sterling (GBP) Market optimism about the Brexit outlook, as well as bets that the Bank of England (BoE) could hike UK interest rates as soon as May, have supported Pound strength this week and this has helped the currency to sustain gains against major currency...
Hopes of US-North Korea Summit Drives US Dollar
Hopes of US-North Korea Summit Drives US Dollar (USD) and Forex Markets Pound Sterling (GBP) The Pound’s movement was highly mixed last week, as investors digested mixed signals from UK and EU officials over the status of Brexit negotiations. European Council...
Pound Investors Anxiously Anticipate Brexit Speech
Pound Sterling (GBP) Persistent concerns over the Brexit process and the rising strength of major peer currencies left the Pound tumbling on Thursday, as investors continued this week’s Sterling selloff. Markets are anxious ahead of Friday’s Brexit speech from UK...
3 ways to get your money in order before Spring
It’s the part of the year that everybody fears. Christmas is out of the way, and you now have to face the consequences of that frivolous spending over the festive period, especially when the majority of people were paid over that time. Now it’s time to tighten the...
Savings – which generation has it better?
With government aid looking like it may soon become something of a myth, many are left wondering how this will affect pensions for future generations. Not only this, but with many opting for a series of roles rather than a consistent career employment, how will this...
Young people choosing travel as property ladder is too high
For the young people of this generation, or ‘millennials’ as the preferred term by the Media, the notion of investing in a mortgage and grab a rung on the property ladder doesn’t seem achievable. Housing price inflation is at a concerning point, and politically the...
What will technology do for home-buying?
With car financing now making the process of obtaining a car not dissimilar to taking out a phone contract, the question remains as to what else technology will commodify for the average consumer. Looking at car-buying, recent financing offers mean ‘car contracts’ are...
Online Doppelgangers: The rise of identity fraud
My friend checked her bank account yesterday to discover it had been emptied, completely. Now she does live in London…and she had been on a night out, however I still don’t think that £6 pints in Soho rinse you of your freshly paid bank account. Instead, upon...
The public mood lowers as the State Pension Age rises
The public mood lowers as the State Pension Age rises Uproar has spread across the country since the Government announced it will bring forward the implementation of the rise in the state pension age to 68 years old. Originally set to be phased in between from 2044,...
Ten years since the financial crisis…
Ten years since the beginning of the financial crisis, and lenders are apparently getting lazy… August 2017 sees the ten year mark since the beginning of the financial crisis back in 2007, and the Director for financial stability, from Bank of England, has warned of...
Bitcoins and Crypto competitors!
Bitcoin is apparently less popular, but not to worry! There are now Crypto-competitors on the scene… If you’re unsure of what Bitcoins are then what you’ve heard on the news will be that it is associated with nothing more than black market online drug exchanges. The...
India is choosing to boycott Pepsi and Coca Cola in preference of domestic products.
India is choosing to boycott Pepsi and Coca Cola in preference of domestic products. They are already en route to scrap paper money, are we seeing Eastern trendsetters? Not the only country to begin boycotting American consumer goods, associations in India have...
Waste not want not!
Waste not want not! "I can't eat all my dinner", "oh in just not that hungry", "oh I've already eaten" - we've all heard them before. There it goes.. The food we've nicely prepared scraped down in to the bin. That's where it will go on to join the other 7.3 million...
Does stamp duty make a difference to the Economy?
A Lennox Investment Management partner has said that the stamp duty on homes bought with off-shore trusts has badly affected the market, does the duty stamp even make much difference to the economy? In April 2016 a stamp duty has been applied towards the ‘super-rich’...
The banks are keeping Animal fat £5 notes
Remember that the £5 notes release last year have traces of animal fat in them? The banks are keeping them. Let’s ignore the controversy around the fact that there are traces of tallow in the new £5 notes for a second. I don’t like them. I don’t like that they are...
Is this the end of Paper Cash?
You now have the option of Chip & Pin, Contactless, Apple Pay and PayPal Pay. Are we going to see the end of paper cash? What would this change? More so in the last ten years than ever before, we have seen huge technological steps in the way we now pay for our...
250,000 jobs may be replaced by robots by 2030
In a world where we are becoming more reliant, even dependent, on technology there’s always the underlying fear that we will all one day lose our jobs to the machines. Now RT has reported that soon up to 90% of administration jobs in the government will soon be...