Finding the best credit card offers
As the recession continues and as the struggle continues the public are finding it hard to get credit from their banks and are now turning to looking for the best deals on credit cards. When looking for a credit card it is always wise to look for a company offering the best deals and the lowest [...]
Highest recorded level of unemployment
Today it was announced that unemployment has hit it’s highest level ever seen. The country is going through one of the toughest times since the last recession of the 90s and things seem to get from bad to worse. With so many small companies and larger ones going into administration more and more people are [...]
Payday loans the future of lending
As the financial bank system is in meltdown, there are reports of more and more people are heading towards payday loans. The reason that people are following this path is due to the fact that the banks just simply can’t hand out money as often and as easily as it once was.
The face of financial [...]
$138bn bail out agreed for Bank of America
The struggling Bank of America today was guaranteed funds to help then through the financial crisis. The Government had to step in today to help the Bank of America as they have seen losses that has never been recorded before. US government have put plans in to place today to allow up to $20 billion [...]
The future of car loans
With the worlds economy being stretched to breaking point the way in which we receive credit will see some massive changes in the way we apply and receive credit. With many of the banking systems have always gone through a points system to receive credit, the higher the points the better the credit you receive. [...]
Growth in bad credit loans
Some consumers were already feeling the pinch before the current economic situation ( high fuel prices, business failing, increases bankruptcy etc.) ever occurred. Many people were already facing problems that came from having “less than perfect” credit, and the number is, unfortunately, growing.
For this reason, there has been an influx of businesses that offer “bad [...]
Woolies, Seriously straped for cash!
One of the second biggest casualties of the failing economy was Woolies with only airline company XL being the first to be hit but the recession. It won’t be long now until the failing store faces it’s fate and be shut for good. Around 800 stores are located through the United Kingdom with more then [...]