Finanacial and debt management advice from financial experts Chase Saunders
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Tax Credit Torture For Families
Published on 2007-11-20 05:43:00
TWO damning reports into the tax credit system were published this week, claiming it causes distress and hardship to vulnerable families. A survey by Citizens Advice found almost half of respondents said they would be less likely to claim credits in future as a result of their experiences. Overpayments which are suddenly demanded back by the Governnment were found to be the main issue. Another report, by Parliamentary Ombudsman Ann Abraham, detailed how HM Revenue and Customs was accused of "unf
Price of loans go through the roof
Published on 2007-10-22 09:08:00
It was reported in the SUNDAY EXPRESS on 14th October 2007 that cash strapped borrowers with poor credit records face paying thousands of pounds extra to secure a mortgage as the creditcrunch takes hold, new figures revealed this week.A quarter of all specialist and "sub-prime" mortgage applicants - those with a history of missed repayments or credit problems who were accepted for a home loan in August would not be accepted today, said broker The Mortgage Lender.Those who secure a mortgage o
2 million loans declined because of credit crunch.
Published on 2007-10-19 06:27:00
2 million loans declined because of credit crunch.Many consumers will find it harder to get loans during the next few months with lenders turning down more mortgage and personal loan applicants, according to new figures.Nearly 2 million loan applicants in the past six months have been rejected by banks, said MoneyExpert.com, a financial comparison site. MoneyExpert revealed 1.91 million adults had been turned down (for an unsecured loan between April and September compared with 1.39 million who
