Thrifty Loans

Sub-prime Fallout To Get Worse

The problems caused by the US sub-prime crisis have been wide and intense. The US housing market continues to fall, the credit crunch followed and is still causing grief worldwide, and economies around the world are taking flight. It might not get better just yet. In fact, a leading management consultancy has forecast that the [...]

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Nationwide Tracker Rates Go Up

Homeowners are being buffeted from pillar to post. One minute there is news of a reduction in some fixed deal interest rates; the next there is news of higher tracker rates. The latter became a reality as Britain’s biggest building society increased its mortgage rate, in response to the problems on the world’s stock markets [...]

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Central Banks Unite To Avoid Recession

In an unprecedented move the three most powerful central banks in the world have joined forces in an attempt to head off a global recession. The Bank of England, the US Federal Reserve and the European Central Bank have launched a £50bn bid to try and stave off the problems being caused by the world-wide [...]

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Individual Insolvencies Expected To Rise

Christmas spending sprees will boost the number of individual financial casualties in the first quarter of 2008. According to accountants Grant Thornton there will be an extra ten thousand people who go bankrupt or enter into an individual voluntary arrangement (IVA) in the first three months of the year, boosting the number to 28,000. The [...]

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