Thrifty Loans

End Of Cheap Deals Could Cripple Homeowners

Many cheap fixed-rate mortgage deals are soon to come to an end and for millions of homeowners that could mean a leap in mortgage payments of up to 60%. There are fears of a new wave of repossessions. The Council Mortgage Lenders has grave fears – so much so that it amazingly suggested that some homeowners [...]

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Fears For US Credit Card Market

There are new fears for debt in the United States, with concern that $415bn of credit card debt there could be sucked into the void created by the credit crunch. Britain’s biggest bank, HSBC, has warned that it is seeing knock-on effects from US subprime mortgage business onto other consumer loans across the Atlantic. The banks [...]

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City Hopes For Rate Cuts in 2008

City economists are forecasting that 2008 will see three interest rate cuts. The Bank of England’s quarterly inflation report showed that the Bank was becoming more concerned about the potential slowdown in the UK economy following upheaval in the world’s financial markets. Any cut in interest rates would potentially bring welcome relief to millions of borrowers [...]

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Shop Around Now To Get A 0% Transfer Card For Your Christmas Spending

Credit card provider have tightened their lending criteria and increased the cost of borrowing, which will make life harder for consumers in the busy spending period leading up to Christmas. It is forecast that the average spend on Christmas gifts will be £380, but consumers will need to tread carefully with their cards if it isn’t [...]

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