Germany disagrees with rescue plans
Despite the many meetings that are happening across Europe with a view to save the collective economies, Germany remains stead fast in their plan not to do anything to help out the banks or any other struggling industry.
They go as far to say that the recent changes in that the UK government have implemented are [...]
Surviving the credit crunch
For some people the idea of debt consolidation is their only route out of debt, what this means is that they roll up all of their debts into one payment. This payment should be a lot less than all of the individual debt payments.
In theory this would normally work, because once the consolidation loan has [...]
The cost of having a baby
There is no getting away from the fact that there are financial costs being attributed to almost every part of our lives these days. However, one thing that can have a dramatic effect on the finances is having a baby, not only is this a stressful time, there is the added worry of how [...]
November 13, 2008The problems arising from the credit crunch
For some when the credit crunch began in the US, it meant very little for most people. In fact, you can expect that because it was happening over there, it would make no difference for us over here in the UK, how wrong they were.
Even now the we are still feeling the just the tip [...]
Getting a good credit rating
Having a bad credit rating does not necessarily mean that you cannot begin to build up your credit rating back to a reasonable level again. However, this could mean taking out loans or credit agreements that may not be necessarily in your interest.
There are many companies out there willing to offer people with bad credit [...]
How to ruin your financial security
Being financially secure is one of those things that you can have one day and lose it the next, it is a fine line that we all tread for most of our life.
The simple fact is that it is far easier to get into debt than it is to get out of debt. So it [...]
How to get into debt
There is plenty of tips out there to tell you how to get out of debt, but in some cases when it gets to the when someone is looking for help, it can be too late for them.
Therefore, we thought that is might be a great idea to try this in reverse, instead of information [...]
Car Makers offering loans
The so-called credit crunch is taking its toll on the carmakers, as people find it more difficult to get financing for a new car. Therefore, the shiny new cars are left sitting in the showrooms, causing the carmakers to rethink their sales strategies.
One way some of these carmakers is the interest free loan, incredible, as [...]
The best cars on cost alone
What with fuel costs and just about anything else that revolves around driving increase, there are many factors for the average person to think about.
Not only that there are so many choices to think about when it comes to buying a car, that it is almost totally confusing as to what car is going to [...]
BP invests in eco fuels
BP has been marketing themselves as a green oil company, they have changed their logo to look like a flower and now they are investing into an eco fuel business named Verenium.
This is the first time that BP have actually become involved with green fuels, but they are not doing by halves the investment is [...]
More banks should be helped out
There are calls from the former Chairman of the US Federal Reserve, Alan Greenspan to work more with the banks in order to allow them to keep going.
Just leaving the banks to suffer in silence could be disastrous for the world economy. However, at the same time can governments actually afford to bail all of [...]
Tesco to open bank
It had to come sooner or later, the superstore, which wants to provide everything that their customers need is now going into the banking industry.
The thought of all of those customers going through their stores, but still using outside facilities for other services is just getting too much for the management of Tesco’s.
So instead [...]
Banking crisis could show loses of £800 billion
At lot has been said about the credit crunch, but in reality this may be revised to a credit crisis! As warnings are coming out that banks worldwide are bracing themselves for a series of massive loses.
The problem is that some people would be inclined to say that it’s their own faults and get on [...]
Getting out of debt
It is essential these days to have some sort of money management system in place these days as it is all too easy to get into a massive amount debt and before long the debts have got so out of control and the situation can only get worse from this point.
But the secret is a [...]
Students dropping out due to debt
It has been found from a survey by the National Union of Students that there are many students who are just dropping out from college or university, not because of the work involved, but simply because they just cannot face the debts that they are accumulating.
In this case the NUS surveyed students in Scotland, where [...]
Using a recession to an advantage
The very word recession strikes fear into the heart of many people, and there is good reason to be scared of it, there could be lay offs from works, firms go broke and money is in short supply, making the day to day living that we have got used, feel a lot harder than before.
But [...]
Banks looking to borrow £23 billion
The UK banks are looking to borrow anything up to £23 billion from the Bank of England in emergency loans, which just show the extent of the financial pressures being forced upon them by the crisis in the states.
The trouble that the banks are having at the moment is that it costs too much to [...]