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    Really Interesting Finance News

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    Our News service is sometimes tongue in cheek but the messages and accuracy are top level. We report on things long before main stream media.

    Sunday, 21 July 2019 05:46

    Madness of affordability claims

    Each day we receive 30-40 claims about loans that were mis-sold due to not being affordable for borrowers. We want to show you how bizarre these claims are. Since the FCA came into power, lenders have been required to perform affordability tests on all loan and mortgage applications. We need to check how much they…
    Saturday, 13 July 2019 11:47

    Guarantor loan debt doubles in 2 years

    Statistics show the number of people with guarantor loan debt has doubled in the last 26 months, prompting fears that debt is out of control for many people. Figures from Citizens Advice highlight that more than 2,990 approached them for help with their problem loan repayments, and specifically guarantor loan repayments this year alone. Thousands…
    Sunday, 07 July 2019 07:59

    Payday lenders going out of business

    Payday lenders are going out of business as a direct result of compensation firms targeting them now that the PPI claims industry has dried up. For years, companies operating in the compensation industry had easy pickings when it came to PPI, and we can’t think of one person who could honestly say that they have…
    One in four people now regularly borrow money from relatives and friends, with sixty per cent admitting they will never afford to pay them any money back. According to figures recently seen by us, it not only now appears that people borrowing money from their closest relatives is becoming the norm, but it is also…
    Monday, 24 June 2019 08:04

    FCA and Woodford - the truth

    This week we have seen a lot of brown stuff being thrown at The FCA over the Woodford fund. The truth is that some blame does lie with them but not all. Quick Background For those of you who don't know, Neil Woodford is a well-known investor who invests money on behalf clients. Recently his…
    Oh, how times change. A little while ago we'd have sent people to Chernobyl for not making repayments on time. Fast forward 10 years and people are crying out to go. We are going to make that happen for two sort of lucky people. What's happening? Following the hit series 'Chernobyl' currently being aired on…
    An unnerving amount of working men whose children rely on them financially have no life insurance cover should the worst happen, latest research shows. The study, which was conducted by a well-known insurance firm, highlights that almost four million working fathers who are the biggest provider for the family, have no life insurance cover whatsoever…
    Vulnerable people’s finances are so bad at the minute that many are having to make money from sex work and prostitution to make ends meet. Figures have shown that thousands of mentally vulnerable and physically disabled people who have been struggling since cuts to disability benefits were brought in, have been earning money through sex…
    A government ban on tenancy fees set to come into play in seven days will more than likely make rents rise for tenants, according to a thinktank. Letting agents have already signalled that some landlords have been putting up their rent prices since March in preparation for the new tenancy fee changes set to come…
    Friday, 31 May 2019 16:05

    Credit card defaults hit new high

    People defaulting on their credit cards reached new highs in the first eight weeks of 2019. We were already acutely aware of the debt crisis in the UK and how people are dealing with it. But as opposed to people getting a check on their finances and putting things right, it appears that things are…
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