Bank Customers Stunned by Supreme Court Ruling on Unfair Overdraft Charges
After fighting what it believed to be unfair overdraft charges from banks, the UK's Office of Fair Trading (OFT) has lost its two year court battle ag
Featured News
Each Person in UK Over £60,000 In National Debt
Posted on July 19, 2010 by wolfgang
In a stunning new report that has now been released by the Office for National Statistics, the national debt in the United Kingdom has been broken down into the cost per individual in the nation today. It turns out that at the current rate, with £4 trillion owed, each person in the country is carry
UK’s Public Sector Hiding 4 Trillion Pounds of Debt?
Posted on July 16, 2010 by wolfgang
It has come to light that the debt from the public sector in the United Kingdom could be a full £4 trillion higher than previous estimates had set it at. This means that the scale of the challenged faced by today's Government is a great deal larger than many analysts had previously believed. While
Britain’s National Credit Rating Could Be On Way Down
Posted on July 13, 2010 by wolfgang
Things are not looking good in the United Kingdom right now as the big shot has been taken at George Osborne by Standard & Poor's: they are looking to down grade the credit rating of Britain from AAA to a notch below if the Chancellor cannot manage to get the national debt under control somehow. Kno
UK to Have Bankers, Mega Rich Help Clear Debts
Spiralling debt levels in the UK have lead to big pain for the nation's economy, but Chancellor Alistair Darling has a solution. He recently unveile
UK Banks Given Secret Loan of Over £62 Billion
In a revelation that has shocked the nation, the UK government has announced that the banking system teetered on the brink of utter collapse in late 2
Ireland Seeks to Battle Toxic Loans with NAMA
The National Asset Management Agency (NAMA) has been set up by the Irish government in an effort to battle what have been called 'toxic loans' that ar
Four Seasons Settles on Debt Restructuring Plan
Four Seasons Health Care, a company that operates care homes, recently announced that it has agreed to a debt for equity deal with its creditors. Four
Court Ruling Frees UK Woman of £8,000 Credit Card Debt Debt in Landmark Case
A judge has written off the £8,000 credit card debt of South Shields woman who was unfairly sold payment protection insurance (PPI) in a deceptive ma
Borrowers Keep Faith in Bankers Despite Elusive, Costly Nature of Bank Debt
In spite of a call from Alistair Darlings for banks to better their lending services, 55 percent of mid-market businesses still report that they are e
Desparate Britons Seek to Sell Kidneys to Pay Debts
In a sign that economic times are definitely getting far rougher that previously believed, undercover reporters have exposed a shocking trade that fin
Debt Management Plans
The debt management plan can do for you as an individual or as a business, it will be good to decide its scope. It is a misconception among many
Those With Debt Facing More Court Actions
Debt recovery company Lovetts, says it is chasing debt more vigorously than before through legal means. In the second quarter of 2009 it has increased
