Thrifty Loans

Bank of England Forced To Dig Deep

The credit crunch shows no signs of releasing its ever-tightening grip on world financial markets, and the Bank of England is being forced into further measures to try to tackle the crisis. Only last week the Bank of England, the US Federal Reserve, the European Central Bank, plus the Bank of Canada and the Swiss [...]

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Young Run Up Debt To Fund Celebrity Lifestyles

Young people in Britain today are attempting to pursue a celebrity lifestyle on guttersnipe wages, and the numbers simply don’t add up. Experts claim that such a high-spending lifestyle beyond affordability is akin to committing financial suicide, and they are showing a reckless attitude to borrowing. Bankruptcy is not seen as shameful, but rather as [...]

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Northern Rock Bidders Line Up

The sale of Northern Rock is still up for grabs. It looked last week as though Richard Branson’s Virgin Money were on the brink of a deal, but it’s not done yet. Indeed it began to look at the start of this week as though there may be a competitive auction for the ailing bank. [...]

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UK Borrowing Higher Than Ever

Brits are clearly relying on borrowed money more than ever before The average Briton now owes £33,000 compares with £17,000 in 2000. That’s nearly a doubling of debt in seven years. The main reason for the increase in debt is because of rising house prices and increased mortgages. Gloomily, experts are predicting that tough times [...]

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