PPI News Archive

Bank charges masked by free banking "myth"

Many bank customers mistakenly believe their account is free, but costs are being masked by high bank charges.This is according to executive director at the Bank of England Andrew Bailey, who argued i...

24/05/2012

Loan charges: OFT orders Wonga to change debt collection practices

The Office of Fair Trading has ordered payday loan provider Wonga to change its debt collection practices.It conducted an investigation into the company - which has been criticised for its high loan c...

23/05/2012

Rise in PPI claims to FOS 'shows lenders need to improve dealings with public'

The rising number of complaints issued to the Financial Ombudsman Service (FOS) relating to payment protection insurance (PPI) shows banks need to improve the way they deal with this issue.This is acc...

22/05/2012

Loan claims: 93% of Brits call for payday lender regulation

Brits have very little tolerance for payday loan charges, a survey has found.The poll, by insolvency trade organisation R3, revealed 65 per cent of the populace believe there ought to be a cap on the ...

22/05/2012

Bank refunds: Poor families 'have higher CPI inflation than rich'

Many families could be finding it a struggle to pay for loan charges or meet bank claims, with the Trades Union Congress (TUC) reporting the poorest ten per cent of households saw their cost of living...

22/05/2012

PPI claims 'are 60% of all FOS complaints'

Payment Protection Insurance (PPI) complaints represented 60 per cent of all problems reported to the Financial Ombudsman Service (FOS) during the 2011 to 2012 financial year.There were 157,716 cases ...

22/05/2012

Bank charges: HMRC warns of phishing scam emails

Brits risk incurring fraudulent credit card charges through internet 'phishing' scam emails, HM Revenue & Customs (HMRC) has warned.From April to July 2011, nearly 94,000 of these fraudule...

21/05/2012

Bank claims: Household wealth 'jumps by £86,000' in ten years

With the booming industry of payday loan charges and increasing difficulties for members of the public to make a bank claim, it may be surprising to hear that the average UK household has a substantia...

21/05/2012

PPI claims: HSBC customers hit by computer failure

A number of HSBC customers were unable to incur bank charges, pay for products or withdraw cash from automated teller machines (ATMs) yesterday (May 20th).The bank claims this incident was due to a co...

21/05/2012

British holidaymakers 'face hidden bank charges'

British holidaymakers are risking hidden credit card charges by using these devices to withdraw cash in foreign countries.This is according to uSwitch.com, which found 21 per cent of people going abro...

18/05/2012

Consumer focus criticises payday loan charges

Payday loan charges can cause members of the public to lose out.This is according to director of financial services for Consumer Focus Sarah Brooks, who said her organisation has "long held conce...

18/05/2012

Payday lenders 'trapping people with loan charges'

More than 60 per cent of people who have made payday loan claims used the cash to pay for essentials such as household bills, petrol, nappies or food.This is according to a recent poll by consumer adv...

18/05/2012

ASA bans advert for misleading payday loan claims

Adverts from payday lender WageDayAdvance have been banned by the Advertising Standards Agency (ASA).The public body received 19 complaints about the superimposed text on the advert detailing the loan...

17/05/2012

Bank refunds: Mayor stages sit-in after machine swallows card

A leading local politician held a sit-in protest at a Natwest bank after the cash machine swallowed his card.Councillor Nader Fekri, mayor of Calderdale, made the sit-in after trying to withdraw money...

17/05/2012

Loan claims: Government releases 2010 fuel poverty data

Many Brits might have to switch their central heating off in winter so they can pay their loan charges and bank claims off, with around 2.8 million vulnerable households in England classified as fuel ...

17/05/2012

PPI claims: Brits 'underestimate' cost of big events

Brits could be putting themselves at risk of suffering from difficult credit card charges, bank claims and other unsustainable debts, as research has shown people routinely underestimate the cost of s...

17/05/2012

PPI claims: 'Few Brits' ask advisors for care funding help

The reluctance of Brits to speak to financial advisers when going into care could leave people at risk of incurring difficult loan charges or finding it hard to cope with bank claims.Research from ann...

16/05/2012

Bank claims: Recession-era Brits 'moneywise in gardens'

The average Brit will spend £185 on their yards this year, the annual HSBC Garden Survey has revealed.However, Brits might be less willing to make bank claims or incur loan charges without a goo...

16/05/2012

Bank refunds: Pensioners 'not preparing for healthcare costs'

Pensioners could be facing loan charges and bank claims if they fall ill, a survey has indicated.The Class of 2012 study from Prudential revealed only 20 per cent of Brits planning to retire this year...

16/05/2012

Bank claims: Secondary glazing 'reduces heat loss'

People struggling to cope with the rising cost of living and falling behind on loan claims and bank charges could save money by installing secondary glazing in their house.According to Granada Seconda...

15/05/2012

Low income families 'had unsustainable loan claims before crisis'

Lower income households were making credit card claims and incurring loan charges for more than ten years before the global economic downturn, a report has revealed.The document, created for the Resol...

15/05/2012

Loan claims: Struggling mothers 'could lead to problem generation'

A new study has provided more evidence to support the claim that new parents should deal with loan charges and bank claims so they get their finances in order.Family Action's report Against All Od...

15/05/2012

PPI claims: Teach children 'to ask why they want something'

Parents may be able to ensure their children can manage loan claims and bank charges effectively in the future by encouraging them to ask why they want something, instead of simply how they will attai...

14/05/2012

Loan claims: Brits 'misjudging credit costs'

Brits could be incurring unnecessary loan charges because they misjudge the way they make credit card claims or overdrafts when they run out of money.This is according to research from MoneySupermarke...

14/05/2012

People 'should get used' to making bank charges with mobiles

While people are used to making credit card charges, they may need to become familiar with using smartphones during transactions.Acceptcards.co.uk company director Richard Bradley said this is one of ...

14/05/2012

Bank refunds: Couples 'delaying starting family'

With static incomes and rising day-to-day expenses such as loan charges and bank claims causing many people to feel the pinch of the recession, it may be unsurprising to hear that four-tenths of child...

11/05/2012

HMRC: Interest on PPI claims is taxable

Recipients of payment protection insurance (PPI) payouts will have to pay tax on any interest linked to their compensation claims.HM Revenue and Customs (HMRC) noted that generally, tax will not have ...

11/05/2012

People stressed by loan claims 'should try to resolve problems'

People feeling anxious and concerned about credit card charges or bank claims might want to consider how they can overcome their problems.Stress Managament Society director Neil Shah argued spending e...

11/05/2012

Loan claims: Utility bills 'are most confusing'

Although Brits may be confused by the billing of an insurance loan claim or PPI charges, utility statements leave them the most baffled.This is according to a study by price comparison site GoCompare....

10/05/2012

Loan charges: DWP completes feasibility study into credit unions

As it is increasingly difficult for people with low incomes to make a loan claim or be able to make credit card charges, the Department for Work and Pensions (DWP) has completed a feasibility study in...

10/05/2012

PPI refunds boost average Briton's savings

Payment Protection Insurance (PPI) payouts boosted the savings of typical Britons during the first quarter of the year.This is according to the ING Direct Consumer Savings Monitor, which revealed the ...

10/05/2012

APs to become more common than credit card charges online

Direct debits and digital wallets are set to overtake credit card charges as the most popular way of paying for e-commerce transactions.This is according to a new study from WorldPay entitled Optimisi...

09/05/2012

Loan charges: Cost of happiness 'has risen'

With the rising cost of living making it harder for people to afford loan claims and bank charges, it may not be surprising that the amount of money required for a person to be happy has similarly inc...

09/05/2012

Loan claims: Wonga begins lending to businesses

Wonga has begun lending cash to businesses, following on from its successful payday lending operations.However, Lee Manning, president of the Association of Business Recovery Professionals (R3), point...

09/05/2012

HSBC raises PPI claims fund to £745m

HSBC's provision for payment protection insurance (PPI) payouts has risen to £745 million.During the first quarter of 2012, the bank revealed it had set aside £290 million to deal with...

08/05/2012

PPI claims: Brits 'should perform energy comparisons'

Brits who are already struggling to cope with bank charges and are noticing their wallets being squeezed by the rising cost of living may wish to look for a competitive energy price plan.Price compari...

08/05/2012

Bank claims: Recession-hit Brits 'buying less healthy food'

In an age of austerity, many people could be finding it harder to afford loan insurance policies or cope with regular bank charges, with recent research revealing individuals are also struggling to ea...

08/05/2012

PPI claims: Banks 'must improve conduct'

The scandal of missold payment protection insurance (PPI) and an increasing difficulty for Brits to make loan claims might have added to the lack of trust the general public has in the banking sector....

04/05/2012

RBS sets aside another £125m for PPI claims

The Royal Bank of Scotland (RBS) is forecast to set aside another £125 million for payment protection insurance (PPI) refunds.As a result of this, the total provision made by the lender for PPI ...

04/05/2012

Loan claims: Brits reviewing spending due to recession

Brits could be even more desperate to receive a payment protection insurance refund or reduce their loan charges, following news that the UK has fallen into a double-dip recession.A poll by MoneySuper...

04/05/2012

RBS to increase cash set aside PPI refunds

Royal Bank of Scotland (RBS) is set to confirm this week it is increasing the amount of funds it has set aside for dealing with payment protection insurance (PPI) compensation.Reuters reports the fina...

03/05/2012

Credit card charges: Consumers unclear over CPA rules

Many people in the UK may be in danger of racking up unwanted credit card charges due to not being aware of the rules regarding Continuous Payment Authorities (CPAs).According to Consumer Focus, this ...

02/05/2012

PPI claims: Some cash-strapped Brits 'would consider insurance fraud'

With falling incomes and rising living costs making it harder than ever for many people to pay loan charges off or deal with credit card claims, it may come as no surprise that 11 per cent of home ins...

01/05/2012

Bank refunds: How do children view finance?

Children's understanding of issues such as credit card payment protection insurance or the value of a loan claim is generally poor, so research from Legal & General Investments has given a cha...

01/05/2012

Barclays' customers cut up credit cards

Barclays Bank customers have highlighted their opposition to the firm by cutting up their cards outside the Royal Festival Hall.This occurred on April 27th as shareholders for the firm met for the len...

01/05/2012

Bank claims: RFID cards 'put people at risk of fraud'

Brits could be at risk of incurring fraudulent credit card charges, following the roll-out of contactless technology by financial institutions.This innovation, which is called radio frequency identifi...

30/04/2012

Bank refunds: 'Shop around' to save money

People might be able to reduce their outgoings and avoid making loan claims or incurring bank charges by shopping around.Makeitandmendit.com co-founder Hilary Bruffell suggested visiting eBay or Freeg...

30/04/2012

PPI refunds: Pocket money 'can teach kids about cash'

Mothers and fathers might be able to reduce the likelihood of their children incurring loan charges or having to make bank claims in the future by giving them pocket money.This is according to parenti...

30/04/2012

PPI claims: Some people 'cannot resolve money woes'

With so many Brits wondering how to pay off loan charges or meet bank claims, a number of people might not know how to resolve their financial problems.Moneynet.co.uk spokesman Andrew Hagger explained...

27/04/2012

Bank Reclaim: Youngsters 'should be educated about money'

The financial issues young people could face might be prevented if they were informed about bank charges, loan claims and similar financial issues.Ark Financial Planning chartered financial planner Ph...

27/04/2012

Loan claims: Relying on credit 'is not sustainable'

People who are reliant on making payday loan claims and incurring credit card charges to meet their monetary needs ought to find a more sustainable solution.CashQuestions.com director Annie Shaw argue...

26/04/2012

Barclays earmarks another £300m for PPI claims

Barclays Bank has earmarked a further £300 million to cope with the misselling of payment protection insurance (PPI), as the cost of the issue continues to increase.The company had already set a...

26/04/2012

PPI refunds: Discrepancy between payday loan beliefs revealed

With payday loan charges a significant topic of discussion at present, a survey conducted by YouGov on behalf of the Consumer Finance Association (CFA) has revealed there is a large discrepancy betwee...

26/04/2012

Insurance Loan Claim: Parents 'should teach kids about money'

If parents want their children to avoid having to ask for a bank refund or incur unnecessary credit card charges, they could try to teach them the value of money.Joanne Mallon, author of Toddlers: An ...

26/04/2012

Bank refunds: Many parents 'were always in recession'

Parents and larger households, some of whom could be very vulnerable to increased bank charges and the rising cost of debt, might not have noticed the UK's economic recovery.Chief executive of the...

25/04/2012

Loan claims: Recession 'never went away for public'

Bank charges, escalating credit card expenses and difficulties making a loan claim have meant many British households have been unable to experience the UK's previous economic recovery.This is acc...

25/04/2012

Bank claims: Nottinghamshire residents 'should cut fuel bills with insulation'

Nottinghamshire residents who are struggling to cope with credit card charges or bank claims may wish to have their home insulated for free, which could help them to save money.The county council has ...

25/04/2012

Bank claims: Mortgages 'are harder to get'

People struggling to cope with loan charges and other debts may find it is very difficult to receive a mortgage.Firstrung chief executive Paul Holmes noted brokers are looking at the payment profiles ...

24/04/2012

Loan claims: Brits 'less likely to want to buy a house'

Increasing financial difficulty could be making Brits averse to incurring credit card charges and this might be impacting their willingness to buy their first home.A study from MoneySupermarket.com re...

24/04/2012

PPI refunds: Police warning over bogus calls

A bogus caller telephoned a woman and told her she was entitled to receive a four-figure sum in bank charges.Dumfries and Galloway Constabulary noted the female hung up the phone after giving the call...

24/04/2012

Which? notes £5bn of PPI refunds still available

There is still around £5 billion worth of payment protection insurance (PPI) compensation available.This is according to Richard Lloyd, executive director of consumer advocacy group Which?, who ...

23/04/2012

Woman incurs bank charges after Asda bills her twice

A woman faces bank charges after Asda billed her twice for the same load of shopping.The Citizen reports mother-of-three Denise Summers was overcharged by £100.70 as a result of the mistake, whi...

23/04/2012

Missold PPI 'is unlawful'

Charging customers for payment protection insurance (PPI) when they were unaware of the purpose of the cover is unlawful.This is according to a report in NWN Media publication the Leader, which explai...

23/04/2012

Bank charges: Taking action 'saves more money than worrying'

People who are concerned about loan charges and other economic issues could be less likely to succeed than those who proactively engage with their finances, new research has indicated.The National Sav...

23/04/2012

Bank refunds: Rising fuel bills 'could increase people's debts'

Brits may have to endure loan charges because of rising energy bills.Citizens Advice and Consumer Focus have warned these rising price of fuel could increase the number of people who are in debt.Four ...

20/04/2012

Loan claims: OFT issues trading name advice

The Office of Fair Trading (OFT) has issued guidance for firms on misleading names, particularly those making credit card claims or statements about other financial products.It released these recommen...

20/04/2012

Payday loan charges 'becoming more commonplace'

Brits could be increasingly likely to face payday loan charges, statements from an expert have indicated.Moneymagpie.com founder Jasmine Birtles explained this funding option has become "a lot mo...

20/04/2012

Which? and MoneySavingExpert.com join forces for PPI claims

There is still more than £5 billion worth of payment protection insurance (PPI) cover for Brits to reclaim, Which? and MoneySavingExpert.com have stated.On April 23rd, the organisations are to h...

19/04/2012

Bank claims: Overseas withdrawal fees 'cost Brits £260m'

Britons spend a total of around £260 million every year because of the bank charges imposed by cash machines in foreign countries, a poll has discovered.The research, conducted by travel agency ...

19/04/2012

New mums 'incur loan charges' during maternity leave

Maternity leave can often result in women incurring bank charges and finding themselves in debt.Research from uSwitch.com revealed 14 per cent of new mothers incur loan charges and credit card charges...

19/04/2012

PPI refunds 'can take a year'

People who were missold payment protection insurance (PPI) may be waiting as long as 12 months after writing to their bank before they receive any compensation.This is according to news editor for Lov...

18/04/2012

Bank claims: 'Use credit builder accounts' to improve credit rating

Many people have a poor credit rating or have never owed banks money at all, which can make it difficult for them to make a loan claim or incur credit card charges.The Mirror points out people who hav...

18/04/2012

Bank claims: Energy users 'should compare prices'

People's budgets could already be stretched due to credit card charges and loan claims, so they may wish to use comparison sites when deciding upon an energy supplier.Money saving expert Martin Le...

18/04/2012

Loan claims: Charity warns of telephone debts

While bank claims and credit card charges can significantly damage people's finances, National Debtline has warned about a rising number of people in debt to a telephone company.In 2007, 5,830 cal...

18/04/2012

Bank claims: Stress 'causes physical and mental illness'

People who are anxious because of loan charges, credit card claims and other financial issues could be damaging their physical and mental wellbneing.Kim Stephenson, occupational psychologist and autho...

17/04/2012

Loan charges: Parents sacrificing pensions to support adult children

Parents are helping their adult children avoid incurring bank charges or having to make loan claims by making substantial financial sacrifices.This is according to research from Standard Life, which f...

17/04/2012

PPI spam text messages 'should be ignored'

People who receive spam text messages informing them they could be eligible for a payment protection insurance (PPI) refund ought to ignore the communication.This is according to money-saving expert M...

17/04/2012

Bank charges: Brits 'have high tolerance for debt'

Brits could be particularly susceptible to suffering from credit card charges or other forms of debt, following Bright Grey's financial safety net report that revealed the average person only thin...

16/04/2012

Loan claims: Psychologist recommends setting aside 'worry time'

People worrying about loan charges, credit card claims or other financial problems may wish to heed suggestions made by a specialist.Chartered psychologist and Abicord chief executive officer Graham P...

16/04/2012

Police warn of bank refunds phone scam

Dumfries and Galloway Constabulary has warned members of the public to beware of bogus callers who are claiming to be able to help individuals receive bank refunds.An elderly female in Garlieston rece...

16/04/2012

Loan claims: Tenants in difficulty 'should talk to landlord'

Tenants who are in financial difficulties, such as those facing mounting loan charges or the recently unemployed, ought to discuss their situation with the owner of their accommodation, a specialist h...

13/04/2012

PPI scandal 'harmed reputation of sector'

The payment protection insurance (PPI) misselling scandal has unfairly harmed the wider sector's reputation.This is according to consumer advocacy group Which?, which claimed the problems with thi...

13/04/2012

Bank claims: Barclays' Pingit open to all Brits

Customers of banks and building societies throughout the UK will now be able to incur credit card charges and make other forms of transactions using their mobile phone numbers, thanks to the extension...

13/04/2012

Loan claims: Men 'make bad choices when shopping'

Men could be more likely to incur credit card charges due to poor consumer choices than women, research from Confused.com has indicated.The study revealed males typically pay 26 per cent more on life ...

12/04/2012

Bank charges: Bosses 'entering debt to avoid redundancies'

Many British bosses are willing to incur loan charges or access credit from other sources to avoid making their staff redundant.This is according to research from More Than, which found 35 per cent of...

12/04/2012

Gamblers will incur credit card charges with Barclaycard

Barclaycard is to impose credit card charges on people who use their account for the purpose of gambling.From May 28th, the transactions will be treated as cash exchanges instead of purchases, which w...

12/04/2012

Woman defrauded in PPI refunds scam

A 42-year-old woman in Edinburgh has been defrauded of a three-figure sum by a company claiming to deal with payment protection insurance (PPI) claims.Lothian and Borders Police has urged members of t...

12/04/2012

Loan claims: Lawyers 'wished they had started saving earlier'

Many people are struggling to cope with loan charges or credit card claims and are reanalysing their outgoings because of this, with individuals in the legal profession being no exception.In a study b...

11/04/2012

Bank claims: Brits 'borrowing money for home improvements'

Some homeowners are incurring loan charges so they can afford to undertake home improvement work over Easter.This is according to comparethemarket.com, which pointed out the bank holidays and breaks t...

11/04/2012

Loan charges 'could be incurred through inflation'

People could be incurring loan charges due to rising inflation, statements by an expert have indicated.Informed Choice managing director Martin Bamford argued borrowing cash might be the "only wa...

11/04/2012

'More people' incurring payday loan charges

There appears to have been an increase in the number of Brits incurring payday loan charges, statements from an expert have indicated.MoneyMagpie.com founder Jasmine Birtles said her organisation has ...

10/04/2012

Banks hiring staff to deal with PPI claims

The misselling of payment protection insurance (PPI) has resulted in a jump in the number of claims managers hired by banks during the first quarter of the year.This is accorded to a survey by financi...

10/04/2012

Which? welcomes PPI law changes

Consumer advocacy group Which? has welcomed new laws relating to payment protection insurance (PPI), which came into force on April 6th.It will now be illegal to sell PPI at the point-of-sale, such as...

10/04/2012

Bank claims: Parents 'should teach children the value of money'

Parents should not incur unaffordable loan charges to provide for their children, statements from an expert have indicated.Candidmoney.com founder Justin Modray argued mums and dads should only spend ...

05/04/2012

Essex man receives £82k PPI payout

One of the largest ever payment protection insurance (PPI) payouts reported was received by an Essex father.Phil Stevens told MoneySavingExpert.com he had received £82,000, which is the largest ...

05/04/2012

Loan claims: Many Brits owe energy suppliers money

While many Brits are in debt due to loan charges, nearly four million UK households - of 14 per cent of the overall populace - owe their energy supplier money.This is according to a study from uSwitch...

05/04/2012

Brits 'reluctant to incur credit card charges'

There has been a decline in the number of people incurring credit card charges to purchase extravagant goods and services, statements from an expert have indicated.CashQuestions.com director Annie Sha...

04/04/2012

Loan claims: Brits 'look for deals online'

British shoppers could be planning to spend money online this Easter weekend but might be apprehensive about incurring any credit card charges they cannot afford.A study by Standard Life entitled Fina...

04/04/2012

Highland Council issues PPI claims advice

People who have been missold payment protection insurance (PPI) have been provided with suggestions by the Highland Council.Money advice senior for the local authority Pat Sproul pointed out large amo...

04/04/2012

Loan charges: Cash-strapped consumers 'are bargain-hunting'

Cash-strapped Brits, who could be reluctant to incur credit card charges or make loan claims, are increasingly hunting for bargains and buying goods from cut-price stores.This is according to Quidco h...

03/04/2012

Bank claims: Many Brits 'would not promote bank to friends'

Payment Protection Insurance claims and unfair loan charges could have contributed to a decline in the number of Brits who are pleased with their current financial lender.Research from Triodos reveale...

03/04/2012

FSA to move ahead in dealing with PPI claims

The Financial Services Authority (FSA) has completed its consultation on how banks should contact people who were missold payment protection insurance (PPI) and is expected by Which? to now move on to...

03/04/2012

PPI Claims: Brits 'becoming averse to waste'

Many Brits are currently struggling with loan charges, bank claims and tighter budgets and this could have made them more averse to waste.Makeitandmendit.com co-founder Hilary Bruffell said: "Bec...

02/04/2012

Bank charges: People 'should research credit cards'

People may be able to minimise their credit card charges by spending some time researching products and shopping around for the best deals.A poll by MoneySupermarket.com revealed two-fifths of respond...

02/04/2012

PPI Claims: Pocket money 'should make kids appreciate cash'

Mums and dads struggling to cope with bank charges and credit card claims may wish to reconsider the amount of pocket money they provide to their offspring.Author of Raising Children: The Primary Year...

02/04/2012

Bank charges claims 'rising due to tough financial climate'

The difficult economic climate means more people are submitting complaints about unfair bank charges or other incidents where they believe they have been unfairly treated by their finance provider.Thi...

30/03/2012

Bank charges news: Children 'must be taught money management'

Teaching children money management skills from an early age could help them avoid substantial bank or credit card charges when they grow older.Occupational psychologist and author of Taming the Pound:...

30/03/2012

Customers 'struggling' with credit card charges and costs

Credit card charges and tighter lending criteria are causing "depression" among customers who are seeing their monthly budgets squeezed, one finance expert has warned.Annie Shaw, director at...

30/03/2012

PPI charges: Bank complaint figures 'highlight extent of PPI mis-selling'

New complaints data released by the Financial Services Authority (FSA) shows some banks are continuing to treat their customers poorly over issues such as PPI charges, consumer advice body Which? has ...

29/03/2012

New statement to highlight credit card charges

The UK Cards Association has developed a new credit card statement that makes it easier for customers to understand any credit card charges that have been levied against them.Designed in partnership w...

29/03/2012

Credit card cash withdrawals 'subject to high credit card charges'

Customers will have to pay substantial credit card charges if they use their plastic to withdraw cash at an ATM, one expert has warned.Louise Holmes of Moneyfacts explained using a credit rather than ...

29/03/2012

FOS anticipates PPI caseload increase

The Financial Ombudsman Service (FOS) expects the coming financial year will bring a significant increase in the number of complaints relating to payment protection insurance mis-selling.In its budget...

28/03/2012

Credit card charges: Men 'spend more' on plastic

New research into spending habits has indicated men could be more at risk of incurring credit card charges.According to a study from Santander, the average male spends 15 per cent more on plastic than...

28/03/2012

Capital One head criticises interest-free balance transfer credit card charges

Financial services providers are seeking to make money by hitting customers on interest-free balance transfer deals with high credit card charges.This is according to managing director of Capital One ...

27/03/2012

Bank charges: Borrowers look to pay off credit card balances

Repayment of credit card bills more than offset spending during February 2012, as borrowers expressed caution over taking on new credit and looked to avoid credit card charges.According to latest figu...

26/03/2012

Bank claims: Borrowers 'turning to more expensive forms of debt'

Tighter lending criteria introduced by banks and other financial institutions means borrowers may be at risk of building up debt due to credit card charges and other credit-related costs.Many borrower...

26/03/2012

Loan charges: BBA welcomes NLGS

The British Bankers Association (BBA) has welcomed the National Loan Guarantee Scheme (NLGS), noting it helps financial institutions to reduce the loan charges their customers incur.It claimed this pr...

23/03/2012

Bank charges: Payday loans 'should have industry standards'

Payday loan charges could be moderated by establishing an industry standard on these lenders, it has been said.Stuart Carmichael, director of the Debt Support Trust, argued legislation ought to be ena...

23/03/2012

Bank claims: OFT issues guidance to debt management firms

Companies that deal with credit card claims and help consumers handle bank charges have been provided with guidance from the Office of Fair Trading (OFT).The government body highlighted examples of un...

22/03/2012

OBR: PPI repayments will improve household consumption

Household spending in 2012 is set to rise more than was previously thought as payment protection insurance (PPI) compensation improves the situation of many families.This is according to the Economic ...

22/03/2012

Payday loan charges 'are a disaster'

Payday loan charges are causing substantial problems to UK consumers at the moment, it has been said.Debt Support Trust director Stuart Carmichael argued the government should address this issue.He no...

22/03/2012

Loan claims: Families are 'struggling to survive'

Households could be struggling to cope with bank charges, lower wages and higher outgoings, with recent research from Netmums finding over 70 per cent of British families claim to be "on the edge...

21/03/2012

Loan charges: Research shows Brits cutting back on spending

The financial downturn might have made Brits even less willing to incur bank charges, as it has impacted their spending habits.A study from MoneySupermarket.com entitled the Real Budget Report found 8...

21/03/2012

People warned not to incur credit card charges for essential goods

People have been warned against incurring credit card charges when buying essential goods.Managing director of Yvonne Goodwin Wealth Management Yvonne Goodwin said a few generations ago, individuals w...

21/03/2012

Bank claims: Which? research reveals dwindling household incomes

Nearly a fifth of Brits (19 per cent) have used credit card charges, loans or other forms of debt to pay for daily essentials such as food in recent years.This is according to research from consumer a...

20/03/2012

Credit card claims: ONS reveals drop in CPI annual inflation

The Office for National Statistics (ONS) has released figures revealing a fall in the Consumer Prices Index (CPI), which could spell good news for people struggling to cope with loan charges and other...

20/03/2012

Bank claims: Debt is 'often the result of job problems'

Although loan claims and credit card charges can exacerbate money worries, a specialist has claimed the reason people find themselves in financially perilous situations is often due to employment-rela...

20/03/2012

Bank claims: 2011 broke records for cash machine use

Last year broke records for the number of British people withdrawing money from cash machines, with the number of credit card charges and other transactions taking place using these devices hitting 2....

19/03/2012

KPMG: PPI claims impact profitability of major banks

The misselling of payment protection insurance (PPI), the eurozone crisis, regulatory requirements, levies and other issues have impacted the profitability of Britain's money lenders, a new study ...

19/03/2012

Loan claims: People reliant on credit 'should seek help'

As credit card charges and payday loan charges have the potential to get out-of-hand, a specialist has recommended that people who are reliant on these funding options should receive assistance as qui...

19/03/2012

Loan claims: Many parents-to-be 'do not consider money'

Parents-to-be may wish to prepare their finances so they are not struggling with credit card charges when the newborn arrives.A study conducted by ICM Research and released by the Money Advice Service...

16/03/2012

PPI refunds impacts Santander's profits in 2011

The misselling of payment protection insurance (PPI) impacted Santander's profits in 2011, its annual report revealed.It posted an after-tax turnover of £903 million, which was 43 per cent l...

16/03/2012

Bank claims: Recession-hit Brits 'check bank accounts more often'

The global economic downturn might have resulted in Brits frequently checking their financial balances to ensure they are up-to-date with credit card and loan charges.Research by first direct has show...

16/03/2012

FSCP marks World Consumer Rights Day by calling for transparent bank charges

The Financial Services Consumer Panel (FSCP) has launched a new paper that calls for lenders to provide greater clarity regarding bank charges.Speaking at the British Bankers' Association Complain...

15/03/2012

Loan charges: Number of people in financial difficulty 'rising'

The number of people struggling to afford bank charges and other everyday living expenses could be rising.Money Advice Trust spokesman Paul Crayston said the charity is now seeing more individuals who...

15/03/2012

Internet shoppers 'can use prepaid solutions instead of online bank charges'

People are unwilling to make online payments with credit card charges.This is according to Global Prepaid Exchange managing director Kevin Harrington, who explained individuals can be unwilling to con...

15/03/2012

Some banks 'are slow to refund PPI claims'

Some banks are taking a long time to provide refunds to the customers they missold payment protection insurance (PPI) to.The Mirror reports that one of its readers submitted a PPI claim to Lloyds in J...

14/03/2012

Loan claims: Many Brits 'have no emergency savings'

Many people are struggling to keep up-to-date with loan charges and other banking expenditures, but research from the Cooperative Banking Group has shown 20 per cent of Brits do not have any money sav...

14/03/2012

Some Virgin Money customers 'paying higher credit card charges'

Some Virgin Money customers are going to receive an increase in interest rates on credit card charges of approximately 50 per cent.Furthermore, a number will see balance transfer rates grow from 18.9 ...

13/03/2012

PPI claims: Banks allegedly missold cover to small businesses

Following the misselling of payment protection insurance (PPI), some of the largest banks in Britain are facing further allegations of selling small businesses complex financial products and profiting...

13/03/2012

Loan claims: Women in banks 'face many career obstacles'

Banks are already criticised for excessive loan charges and the high volume of PPI claims they are dealing with, but recent research has shown the extent to which these institutions have a glass ceili...

13/03/2012

Mortgage advisors 'still unaware' of PPI prohibitions

A significant proportion (28 per cent) of mortgage advisors are unaware that they will be prohibited from selling payment protection insurance (PPI), mortgage PPI and similar unemployment, sickness an...

12/03/2012

Loan claims: Yorkshire and Clydesdale Bank customers suffer debit card problems

Some Yorkshire and Clydesdale Bank customers were left unable to make bank charges using their debit cards following an IT glitch.The two companies are part of the National Australia Bank group and it...

12/03/2012

Bank charges: FSA publishes HBOS censure

The Financial Services Authority (FSA) has confirmed it has investigated the Bank of Scotland to examine how failings within the firm between January 2006 and December 2008 could have led to the recen...

12/03/2012

Bank charges: RNIB calls for talking cash machines

Blind and partially-sighted people should be helped to use talking cash machines to make credit card charges, the Royal National Institute for the Blind (RNIB) has said.Speaking in the BBC Money Box p...

09/03/2012

Fraudulent bank charges 'are becoming rarer'

New security measures could mean Brits are less likely to be affected by fraudulent credit card charges.Sandra Quinn from the UK Payments Council said on a BBC Wake Up to Money podcast that while scam...

09/03/2012

Bank charges: OFT revokes Yes Loans licence

Brits no longer have to worry about the loan charges issued by Yes Loans, as the Office of Fair Trading (OFT) has revoked its consumer credit licence.The public body found the company had deducted bro...

08/03/2012

Bank charges: Consumers 'need protection from debt management firms'

People struggling to cope with loan charges and other forms of bad finance might need a higher level of protection from debt management companies.Director of external affairs at the Consumer Credit Co...

08/03/2012

Loan charges: Growth in people seeking debt advice predicted

Many people struggling with credit card charges and other financial problems might be visiting organisations to help them in the immediate future.According to the Money Advice Trust, the areas that we...

08/03/2012

Citizens Advice Bureau welcomes FSA action on PPI sales

The Citizens Advice Bureau has welcomed news that the Financial Services Authority (FSA) is dealing with the payment protection insurance (PPI) scandal.

Chief executive of the charity Gil...

07/03/2012

Credit card charges: Government publishes debt management report

The Business, Innovation and Skills Committee has published a report dealing with payday loan charges, financial advice firms and other issues relating to the debt management industry.Chairman of the ...

07/03/2012

Bank Charges: Debtors 'should not gamble'

People struggling to cope with credit card charges and other forms of debt should not gamble.Occupational psychologist and personal finance expert Kim Stephenson said this is "always going to be ...

07/03/2012

Which? says banks must deal with PPI customers clearly

The Financial Services Authority (FSA) should provide a clear list of guidelines for banks who are communicating with their customers about payment protection insurance (PPI) redress.This is according...

06/03/2012

FSA provides advice for firms contacting PPI customers

Companies that have sold people payment protection insurance (PPI) but have not yet contacted customers who were given one of these policies have been provided with advice from the Financial Services ...

06/03/2012

Bank charges: Poundland accepts American Express

People can now make credit card charges with American Express (AmEx) accounts at Poundland.The cut-price retailer is accepting transactions with these cards in all of its UK stores.AmEx is typically u...

06/03/2012

Brits face higher borrowing costs as bank charges escalate

Brits might spend more money on credit card charges, debt interest and loan repayments over 2012.Andrew Hagger from comparison website Moneynet noted members of the public have to face "ever-incr...

05/03/2012

Could lack of mathematical knowledge have contributed to PPI scandal?

A lack of mathematical aptitude among Brits could have contributed to the Payment Protection Insurance (PPI) scandal.This is according to Matt Parker, stand-up comic and member of the maths department...

05/03/2012

Bank claims: British women 'save less than Ghanaians'

The reliance on credit card charges and loan claims experienced by a number of Brits could have affected their opinion on saving.Research from Banking on Change - a partnership between Plan UK, Care I...

05/03/2012

Bank charges: Brits 'reluctant to seek debt advice'

Although over 18 million UK adults face money problems relating to loan charges, credit cards and other issues, only 1.4 million debtors intend to seek professional advice in the next six months.This ...

02/03/2012

Lloyds experiences 130% rise in PPI complaints

There was a 130 per cent year-on-year rise in payment protection insurance (PPI) complaints issued against Lloyds Banking Group in 2011.Figures from the group revealed a total of 562,731 PPI claims we...

02/03/2012

Credit card claims: Credit card companies wiped off bad debt worth £3.64bn in 2011

Although many people may be struggling with credit card charges at the moment, financial institutions wrote off bad debts worth £3.64 billion from their customers' accounts during 2011.Figur...

01/03/2012

PPI Claims: Banks 'make £341 every second'

Credit card charges and other aspects of a financial institution's daily high street operations provided Britain's largest banks with £10.7 billion last year.This is according to ThisIsM...

01/03/2012

Bank charges: 'Be careful' with payday loans

As the loan charges issued by payday lenders can be particularly high, people may wish to examine other ways to receive credit.Chapters Financial Limited director Keith Churchouse noted there are &quo...

01/03/2012

Some airlines 'still have excessive credit card charges'

Airlines are increasing or introducing excessive credit card charges, despite government regulation pledging to make these illegal.Research from Which? revealed a number of these companies are still m...

29/02/2012

NFG subsidiaries enter administration due to PPI sales

Two companies in the Norton Finance Group (NFG) have entered administration as a result of the Payment Protection Insurance (PPI) scandal.Norton Finance and Norton Insurance Services have declared ins...

29/02/2012

Loan claim: Most Brits have debt problems

Credit card charges and loan charges could be affecting a large number of Brits, research has shown.A recent survey by the Cooperative Bank revealed 70 per cent of adults in the UK admit to having pro...

29/02/2012

PPI claims: Santander reveals drop in complaints volume

Santander has revealed a drop in the number of complaints issued against it in 2011, including those dealing with Payment Protection Insurance (PPI) claims.The amount of issues relating to banking tha...

28/02/2012

Loan charges: Which? supports review into payday lending

Which? has expressed its support for the Office of Fair Trading's (OFT) review into payday lending.Chief executive of the consumer advocacy group Peter Vicary-Smith noted many of these companies m...

28/02/2012

PPI claims: FOS reveals financial complaints data

There were 46,700 complaints relating to payment protection insurance (PPI) that were dealt with by the Financial Ombudsman Service (FOS) between July 1st and December 31st 2011.This represents a 53 p...

28/02/2012

PPI sales 'have been reformed'

Payment Protection Insurance (PPI) sales have all been reformed.This is according to Annie Shaw, CashQuestions.com founder, who explained a substantial number of enterprises have now pulled out of thi...

27/02/2012

Bank Charges: Consumer advocacy groups welcome OFT's payday lending review

A range of consumer organisations have expressed their support for the Office of Fair Trading's (OFT) review into payday lending companies.The loan charges offered by some of these firms can make ...

27/02/2012

Loan claim: OFT to review payday loan sector

The Office of Fair Trading (OFT) has announced it is to conduct an examination of the payday loans sector.It is argued the loan charges can become unaffordable as a result of the 'rolling-over'...

27/02/2012

PPI compensation contributes to Lloyds Banking Group's £3.5bn loss

Lloyds Banking Group has made a £3.2 billion provision for Payment Protection Insurance claims, which resulted in it posting a loss of over £3.5 billion in its results for 2011.However, th...

24/02/2012

PPI Claims: Number of Brits who dislike their bank rises

The PPI scandal, credit card charges and difficulty receiving loan refunds could have led people to distrusting financial institution and recent research has revealed a surge in the number of Bri...

24/02/2012

Legislation 'should reduce likelihood of PPI scandal recurring'

The Payment Protection Insurance (PPI) scandal and similar issues might not happen again as a result of legislative change.This is according to DG Law founder David Gordon, who said prior to this issu...

24/02/2012

Credit card charges: OFT chief executive to step down

After seven years dealing with unfair credit card charges, payment protection insurance (PPI) refunds, loan claims and countless other consumer concerns, chief executive of the Office of Fair Trading ...

23/02/2012

FSA 'did not act fast enough' on PPI scandal

The Financial Services Authority (FSA) did not respond to the Payment Protection Insurance (PPI) misselling scandal as quickly as it should have, it has been said.CashQuestions.com founder Annie Shaw ...

23/02/2012

PPI Charges: RBS posts net loss of £2bn

Payment Protection Insurance (PPI) claims and the Greek debt crisis have resulted in the Royal Bank of Scotland (RBS) posting a net loss of £2 billion in its 2011 full-year results.Its pre-tax l...

23/02/2012

Bank Charges: Barclays reduces complaint volumes

Barclays Bank has revealed it has reduced the number of complaints related to issues such as credit card charges.During 2011, there was a 31 per cent drop in complaints relating to banking compared wi...

22/02/2012

Which? welcomes PPI compensation payouts of £1.9bn

Consumer advocacy group Which? has welcomed news that £1.9 billion was paid out as Payment Protection Insurance (PPI) compensation during 2011.However, executive director for the organisation Ri...

22/02/2012

PPI payouts 'were almost £2bn in 2011'

In 2011, almost £2 billion was paid as redress for consumers complaining about being missold Payment Protection Insurance (PPI).This is according to the Financial Services Authority (FSA), which...

22/02/2012

OFT: Overseas bank charges will be simplified in 2012

Banks do not give clear information to consumers regarding credit card charges when they use their banks abroad, but this should soon change.This is according to a spokesman from the Office of Fair Tr...

21/02/2012

Which? says banks should follow Lloyds' example over PPI claims

Which? has called on other banks who may have mis-sold Payment Protection Insurance (PPI) to follow the lead of Lloyds and claw back bonuses from any directors who presided over these sales.The consum...

21/02/2012

Which? finds variety in overseas bank charges

Overseas credit card charges can be too complicated and high, consumer body Which? has claimed.Information about these fees can be undisclosed on statements and in hidden locations on a providers'...

21/02/2012

Charter UK expresses scepticism about PPI payouts

Banks will not be able to issue the payment protection refunds outlined in guidelines from the Financial Services Authority (FSA).This is according to Charter UK, which has noted companies in the sect...

20/02/2012

FSCS forecasts rise in PPI refunds over 2012

There is likely to be a significant increase in the number of consumers looking for payment protection insurance (PPI) refunds and claims during the coming year, research has revealed.Figures from the...

20/02/2012

Lloyds staff to lose bonuses over PPI claims

Staff at Lloyds Banking Group are being forced to give back previous bonus payments, as the row over payment protection insurance (PPI) mis-selling rumbles on.

The institution - which has...

20/02/2012

Bank charges news: OFT issues warning over competition

Britons who are peeved about the number of bank charges they are being forced to pay should have more opportunities to switch provider.

This is the view of the head of the Office of Fair ...

17/02/2012

Holidaymakers warned about credit card charges

British holidaymakers need to be increasingly aware of sizeable credit card charges when using their plastic abroad.

Bosses at Sainsbury's Travel Money have suggested that pre-paid cr...

17/02/2012

PPI claimants 'will get their money'

People who are still waiting to receive compensation from a payment protection insurance (PPI) mis-selling case have been assured that they will get their money eventually.

The number of ...

17/02/2012

More homeowners take in lodgers to cover credit card charges

A growing number of UK homeowners are being forced to take in lodgers in order to cover their monthly credit card charges and other debts, it has been revealed.New research conducted by Spareroom.co.u...

16/02/2012

PPI claim news: Cautious Britons are putting money aside

It is increasingly likely that compensation received from mis-sold payment protection insurance (PPI) claims is being put aside by cautious Britons.

The uncertain jobs market has forced m...

16/02/2012

Bank charges news: Inflation drop 'not enough to restore confidence'

Britons who are desperately attempting to avoid exceeding their overdraft limit are constantly living in fear of being hit by bank charges.

The cost of living has risen considerably in th...

16/02/2012

Britons making more effort to reduce credit card charges

Britons are increasingly keen to consolidate their debts in order to avoid costly credit card charges and other excessive fees.

Many people are lured into taking out a credit card by attr...

15/02/2012

Labour angry with PM's decision to sanction RBS bonuses

Shadow business secretary Chuka Umunna has criticised David Cameron's move to allow large bonuses to be paid to employees at the Royal Bank of Scotland (RBS).

The prime minister annou...

15/02/2012

Bank charges news: Bonuses must be scrutinised further

With many struggling Britons being forced to pay bank charges when they exceed their overdraft, it is understandable that many people resent the huge bonuses that are issued to bankers each year.

15/02/2012

PPI complaints grow sharply in Bradford

The number of payment protection insurance (PPI) complaints being made by Bradford residents has risen sharply in the past year.

Bradford MP David Ward has criticised banks and insurers i...

14/02/2012

Task force raises concerns over PPI reputation

A task force has suggested that the poor reputation of payment protection insurance (PPI) packages is having a negative impact on the uptake of other types of cover.

The Income Protection...

14/02/2012

Insurance loan claim news: Britons 'are exaggerating damages'

Britons - some of whom may have made an insurance loan claim in the past - are trying to swindle extra money out of home insurers, it has been claimed.

According to AXA, a growing number ...

13/02/2012

PPI claim news: Britons desperately trying to save

A large number of Britons who received compensation from a payment protection insurance (PPI) mis-selling case in the past year are likely to have stored the money away in a savings account.

13/02/2012

Bank claim news: Miliband slams chancellor's comments

People who have filed a bank claim in the past have heard that it is vital that bankers are paid responsible bonuses.

Labour Party leader Ed Miliband has refuted claims made by chancellor...

10/02/2012

UK businesses blighted by excessive bank charges

UK businesses are being stung by excessive bank charges when transferring money overseas, it has been found.

According to a study conducted by Caxton FX, high street banks are forcing the...

10/02/2012

PPI payouts impact on profits at Barclays

Money lost through payment protection insurance (PPI) mis-selling cases has contributed to declining profits at one of the UK's major banks.

Barclays has revealed details of its finan...

10/02/2012

Bank charges news: More Britons compulsively checking their accounts

A growing number of Britons will be all too aware if they suddenly receive bank charges out of the blue, as more people are compulsively checking the balance of their accounts.

According ...

09/02/2012

Bank clean-up has cost £38bn so far, says RBS chief

Leader of the Royal Bank of Scotland (RBS) Stephen Hester has revealed the astronomical costs involved in turning the stricken bank's fortunes around.

He stated that £38 billion...

09/02/2012

PPI claims 'will boost income'

The large number of payment protection insurance (PPI) claims expected to be settled this year will provide many Britons with a financial reprieve.

This is the view of UK economist at the...

09/02/2012

PPI claims news: Bank customers 'should pick insurance policies'

Banks can avoid being the subject of future payment protection insurance (PPI) mis-selling claims by allowing customers to have a greater say on what they want from their bank accounts.

A...

08/02/2012

Facebook users could encounter new bank charges

Customers who wish to receive updates via their Facebook account could face new bank charges, it has been suggested.

According to bosses at PricewaterhouseCoopers (PwC), more banks need t...

08/02/2012

Insurers 'will struggle to abide by new PPI rules'

Insurers will find it hard to abide by new payment protection insurance (PPI) rules put in place by the Financial Services Authority (FSA), it has been argued.

The FSA's guidance on &...

08/02/2012

New health technologies could change PPI claims procedures

New health technologies could change the face of workplace absence and could have a dramatic impact on the payment protection insurance (PPI) claims.According to new research from Office Angels, absen...

07/02/2012

Claims firms champion PPI victims

The vast majority of payment protection insurance claims brought by individuals come via a PPI claims specialist.According to new figures from the Financial Services Compensation Scheme (FSCS), more t...

07/02/2012

Scottish Provident to pay out over payment protection claim

Scottish Provident has been ordered to pay compensation to one of its clients by the Financial Ombudsman Service thanks to a successful income protection claim.The firm had initially refused a claim m...

07/02/2012

Financial services complaints hit record levels

Payment protection insurance (PPI) complaints have driven a marked increase in overall complaints in the financial services sector in Scotland.According to new figures obtained by the Scotsman from th...

06/02/2012

Bonuses should be cut for execs responsible for PPI scandal

Financial services executives behind the current payment protection insurance (PPI) scandal should have their bonuses cut this year.According to Richard Lloyd, executive director at Which?, the public...

06/02/2012

Financial services levy to rise thanks to PPI

Financial services firms will be hit by a higher than expected Financial Services Compensation Scheme (FSCS) levy in the coming year thanks to the rising cost of servicing payment protection insurance...

06/02/2012

PPI claim news: Britons worried about winter bills

The vast majority of Britons would welcome compensation from a payment protection insurance (PPI) mis-selling case, as concerns about the size of winter bills begin to mount.

According to...

03/02/2012

Which? calls for action over PPI claims

Consumer group Which? is the latest organisation to call for banking leaders to reclaim the bonuses issued to staff that were involved in the mis-selling of payment protection insurance (PPI).
<...

03/02/2012

Record bank charges issued to Brits with overdrafts

Britons who have an authorised overdraft are being hit with record bank charges, it has been claimed.

The Bank of England has revealed that people who have got an overdraft are being char...

02/02/2012

Credit card charges news: Britons rush to pay off debts

Britons demonstrated their desire to avoid credit card charges, as record numbers paid off their debts in December 2011.

New figures released by the Bank of England showed that consumers ...

02/02/2012

Banks told to reclaim bonuses in light of PPI claims

Bank chiefs have been told they must do all they can to recoup bonus money that was paid to employees who were involved in the mis-selling of payment protection insurance (PPI)

The leader...

02/02/2012

David Cameron urges RBS 'to show restraint'

Prime minister David Cameron has urged the Royal Bank of Scotland (RBS) to "show restraint" when issuing bonuses to senior employees.

Mr Cameron has reversed the UK's policy...

01/02/2012

Ex-RBS chief stripped of his knighthood

The former leader of the Royal Bank of Scotland (RBS) Fred Goodwin has been stripped of his knighthood.

Goodwin had been at the helm when the bank was forced to be bailed out by the gover...

01/02/2012

Santander blames PPI claims for falling profits

Santander has blamed the large number of payment protection insurance (PPI) claims it has received for its sliding profits in 2011.

The bank's UK division reported profits of £9...

01/02/2012

Loan protection news: Mortgage holders are 'lacking awareness'

Many homeowners across the UK - some of whom may have a loan protection policy in place - are unaware of the terms of their mortgage.

According to new research published by first direct, ...

31/01/2012

French bank charges 'could benefit the UK'

The introduction of new bank charges in France could ultimately benefit the UK, prime minister David Cameron has suggested.

French president Nicolas Sarkozy has pledged to introduce a Fin...

31/01/2012

Bank charges news: Financial wellbeing grows, but not by much

UK consumers - many of whom may have been saddled with hefty bank charges in the past - saw their financial wellbeing grow slightly in the fourth quarter of 2011.

According to newly relea...

31/01/2012

PPI claims news: Britons' earnings have taken a hit

More Britons could be hoping to secure compensation from a payment protection insurance (PPI) mis-selling case in order to give their bank accounts a much needed boost.

According to a new...

31/01/2012

PPI claims news: High petrol prices force drivers to change

More drivers in the UK could be in need of compensation from a payment protection insurance (PPI) claim just to stay on the road.

A new study conducted by Hastings Direct has highlighted ...

30/01/2012

Bank charges news: RBS chief turns down bonus

Royal Bank of Scotland chief Stephen Hester has turned down his annual bonus which would have amounted to nearly £1 million, after he came under huge pressure from the public.

Mr He...

30/01/2012

PPI payouts reach record levels in November

The high number of people claiming against mis-sold payment protection insurance (PPI) led to record payouts in November, new figures have suggested.According to the Financial Services Authority (FSA)...

27/01/2012

Loan protection news: Consumers rein in spending

Consumers - Many of whom may have been stung by loan protection charges issued by lenders - have been forced to rein in their spending on the high street.According to the Confederation of British Indu...

27/01/2012

PPI claim news: Britons 'facing an uphill battle financially'

More Britons may be encouraged to claim against mis-sold payment protection insurance (PPI) in order to boost their coffers, as many will face an uphill financial battle in 2012.This is according to S...

27/01/2012

PPI claim news: Fury over RBS chief bonus

With banks forced to pay out huge sums to successful payment protection insurance (PPI) claimants, news that the leader of the Royal Bank of Scotland (RBS) is set to receive a near £1 million bo...

27/01/2012

PPI claim news: Clegg urges action on tax

People who have relied on a successful claim against mis-sold payment protection insurance (PPI) to boost their bank accounts could see significant changes made to the UK's tax system.

26/01/2012

Mortgage customers blighted by increasing bank charges

Mortgage customers across the UK are being badly affected by rising bank charges, a new study has found.

According to Moneyfacts, the average mortgage fee has risen by more than £60...

26/01/2012

PPI claim news: British households 'more in debt than ever'

Britons are in desperate need of compensation from payment protection insurance (PPI) mis-selling cases, as households are in more debt than ever.

This is according to leaders at saveours...

26/01/2012

Bank refunds news: King calls for bonus cull

The high number of bank refunds being dished out by major UK-based institutions and the shaky state of the economy in general should be enough to see bankers' bonuses curbed this year.

25/01/2012

Credit card charges news: 1 in 5 'to retire in debt'

Workers - many of whom may have been hit with credit card charges in the past - are increasingly falling into greater debt.

A new study conducted by Prudential has indicated that one in f...

25/01/2012

PPI claim news: Rising bills 'are Britain's biggest worry'

More Britons could be forced to see if they are eligible to file a claim against mis-sold payment protection insurance (PPI), as a growing number of people are concerned about the rising cost of livin...

25/01/2012

Is RBS chief being unfairly targeted over PPI claims?

Chief executive at the Royal Bank of Scotland (RBS) Stephen Hester is being "unfairly targeted" by the Financial Services Authority (FSA), which has called for his bonus to be trimmed to acc...

24/01/2012

PPI claims surge among Yorkshire consumers

The number of claims being made against mis-sold payment protection insurance (PPI) grew sharply in Yorkshire in 2011.

According to the Financial Ombudsman Service, the number of PPI case...

24/01/2012

Credit card charges news: More Britons carrying plastic

People who have been hit with credit card charges in the past appear to be undeterred about using plastic, as one in four Britons will carry a card in 2012.

A new study conducted by compa...

24/01/2012

PPI claim news: Child benefits may be taken away from Britons

Up to 680,000 British families could be looking to see if they are eligible to claim compensation having been mis-sold payment protection insurance (PPI), as their child benefit payments may be taken ...

23/01/2012

Bankers' bonuses 'should reflect PPI claim losses'

Bankers' bonus payments should be reduced to account for the amount of money that institutions have lost through payment protection insurance (PPI) payouts.

This is the view of indust...

23/01/2012

Insurer urges providers to be clear on PPI cover

A company has urged brokers to be extra careful when advising clients on payment protection insurance (PPI).

Leaders at Berkeley Alexander told myintroducer.com that with recent statistic...

20/01/2012

Bank charges news: Government to reign in bonuses

People who have been hit with excessive bank charges in the past have learned that the UK government is planning to reign in the bonuses received by fat cat bankers.

Prime minister David ...

20/01/2012

Bank charges news: Britons sacrifice heating to pay mortgages

Many households are sacrificing heating in order to cut down on energy bills so they have more cash free to avoid bank charges for late mortgage payments.

According to new research conduc...

19/01/2012

People should save compensation from PPI claims, expert says

People who receive a lump sum - such as compensation from a payment protection insurance (PPI) claim - should put the money away for a rainy day.

This is the view of director of Chapters ...

19/01/2012

PPI claim news: Consumer confidence 'at a low ebb'

More and more Britons are in great need of compensation from a payment protection insurance (PPI) claim, as a new study has revealed that consumer confidence is near rock bottom.

Nationwi...

19/01/2012

Bank claims news: Insurers offering 'useless packages'

More consumers could be looking for bank refunds in the near future, as institutions are said to be pushing "useless" insurance packages onto customers.

According to analysts at...

18/01/2012

Bank claim news: Accountholders 'unwilling to switch'

Many people who have filed a bank claim in the past are still reluctant to switch their account provider, new research has suggested.According to a study conducted by Halifax, one in ten Britons still...

18/01/2012

Credit card claim news: Consumers unhappy with plastic providers

Many consumers - some of whom will have taken out credit card payment protection insurance - are generally unhappy with the service provided by their bank.

A new survey published today (J...

18/01/2012

Number of PPI claims soars in 2011

The number of payment protection insurance (PPI) claims handled by the Financial Ombudsman Service (FOS) grew by ten per cent in the last three months of 2011, it has been revealed.Senior members of t...

17/01/2012

PPI claims news: 1 in 3 Britons 'have nothing left from wages'

One in three Britons could be in desperate need of a payout from a payment protection insurance (PPI) claim, as they have nothing left for themselves once they have paid their bills each month.
...

17/01/2012

Which? seeks action over 'exorbitant' bank charges

Consumer magazine Which? has called for action to be taken to cut down on complicated bank charges that are issued when people use unauthorised overdrafts.

Most institutions penalise cust...

17/01/2012

Bank charges news: Consumers 'should visit IFAs'

Consumers who have felt hard done by when being issued with excessive bank charges in the past have been urged to shun major institutions in favour of independent financial advisers (IFAs) when seekin...

16/01/2012

PPI claim news: Nearly half of Britons worried about fuel bills

Nearly half of British consumers are concerned that they will not be able to afford their next fuel bill, which could lead to more people seeing if they are eligible to file a payment protection insur...

16/01/2012

easyJet 'will still issue credit card charges'

Budget airline easyJet has moved to increase the transparency surrounding its booking fees, but it will continue to issue credit card charges.

The government had recently called for airli...

16/01/2012

PPI claims news: Action needed to protect consumers

Consumers who have been forced to file a payment protection insurance (PPI) claim in the past should have been safeguarded far better by financial regulatory organisations, according to the Treasury S...

13/01/2012

PPI claim news: More energy firms cut prices

Struggling households who may have filed a payment protection insurance (PPI) claim have been boosted by the news that two more energy companies have reduced their rates.

Following in the...

13/01/2012

Bank charges being waived to entice new customers

British consumers will find more bank charges being waived by the major institutions, as the competition for customers begins to hot up.

According to banking analyst at data firm Defaqto ...

12/01/2012

PPI claims news: 2 in 3 have suffered a pay freeze

More people could be looking to see if they are eligible to make a payment protection insurance (PPI) claim in order to boost their coffers, after a study by uSwitch.com showed that two-thirds of Brit...

12/01/2012

PPI claim news: More people use equity to reduce debts

More people could be hoping that a payment protection insurance (PPI) claim will result in compensation, as many Britons are being forced to look for new ways to tackle their mounting debts.

12/01/2012

Credit card PPI news: Spending on plastic 'in decline'

Britons who may have filed a credit card payment protection insurance (PPI) claim in the past have started to cut the amount of money they spend on goods.

According to a new study release...

11/01/2012

PPI claim news: Consumers unhappy with energy firms

More homeowners may be looking to see if they are eligible to file a payment protection insurance (PPI) claim, as many are increasingly disillusioned with the huge amount they have to fork out for ene...

11/01/2012

PPI claim news: Credit cards can be handy if used correctly

Although some credit card users may be in the middle of a payment protection insurance (PPI) claim having been mis-sold the cover, an expert has suggested that having plastic to fall back on can be ad...

11/01/2012

Richard Branson defends stance over bank charges

Richard Branson has defended his stance over potential bank charges that could be levied on new Virgin Money customers.

The famous entrepreneur's company took over Northern Rock at th...

10/01/2012

PPI refunds news: One in five struggling with debts

A large number of Britons appear to be in desperate need of a payment protection insurance (PPI) refund, as new figures have shown that one in five are struggling to manage their debt.

Ac...

10/01/2012

Payment protection 'is essential for the self-employed'

Payment protection insurance (PPI) is essential for people who are self-employed, it has been claimed.

Jonathan Davis - managing director of Jonathan Davis Wealth Management - believes th...

10/01/2012

Bank charges news: Youngsters are committed to saving

Young Britons who are hoping to receive compensation having been handed unfair bank charges are still keen to use the UK's various institutions in order to save money.

A new study con...

09/01/2012

PPI claim news: Providers offer more credit card deals

People who have been mis-sold payment protection insurance (PPI) on their credit cards in the past are among those being targeted by new promotional deals offered by providers.

According ...

09/01/2012

PPI claims news: Debt advice hotlines receiving more calls

Many people may wish to check if they are eligible to make a payment protection insurance (PPI) claim, as plenty of Britons have left themselves in a financial mess having overspent at Christmas.

06/01/2012

PPI claim news: Energy bills set to fall?

Many people who have made a successful payment protection insurance (PPI) claim may have been forced to spend some of their compensation on energy bills, as the price of gas and electricity has increa...

06/01/2012

PPI claims 'must be sorted this year'

A record number of payment protection insurance (PPI) claims will be processed in the next financial year, it has been confirmed.

Leaders at the Financial Ombudsman Service (FOS) have sta...

06/01/2012

PPI claim news: Britons struggle to pay mortgages

A large number of Britons are in urgent need of a payout from a payment protection insurance (PPI) claim, as many are struggling to meet rent and mortgage payments.

According to a new stu...

05/01/2012

PPI claim news: More Britons reliant on credit cards

More than 12 million credit card holders - some of whom may be eligible to make a payment protection insurance (PPI) claim - will rely on their plastic to pay for everyday items this month.

05/01/2012

Solicitor urges Britons to make PPI claims

A Shropshire-based solicitor has urged people in the area to check if they are eligible to make a payment protection insurance (PPI) claim.

Mike Walker of Darwin Matthews Solicitors told ...

05/01/2012

Bank charges news: Huge profits expected in 2012

People who have been affected by sizeable bank charges will see the UK's five main institutions claw in profits of £35 billion this year.

According to City estimates compiled by...

04/01/2012

PPI claim news: One in three confident over finances

One in three UK citizens - some of whom may have outstanding payment protection insurance (PPI) claims - are confident they can meet their savings targets this year.

A new study conducted...

04/01/2012

PPI claims news: Energy bill hikes to impact finances

Homeowners who have lodged payment protection insurance (PPI) claims could be in desperate need of a speedy payout, as energy bills are set to cripple many people's finances in 2012.

...

03/01/2012

PPI claim news: PM aims to end 'excessive banker bonuses'

Consumers who have filed a payment protection insurance (PPI) claim in recent months have been reassured by the prime minister that poor performing bankers will not receive excessive rewards.

03/01/2012

PPI claim news: Britons regret financial decisions

Many Britons who have received a payout from a payment protection insurance (PPI) claim regret not saving the money or using it to pay off their debts.

A new survey conducted by first dir...

03/01/2012

Bank reclaim news: Bankers could sue over low bonuses

People who have been involved in a bank reclaim case have heard that some City bankers are planning to launch legal proceedings over their bonus payments.

According to lawyers at Kingsley...

03/01/2012

PPI Claim: Many try to save money on New Year's Eve

Payment protection insurance (PPI) claims and credit card refunds could give people the financial boost they need to have enough spare cash to celebrate.New research from the Post Office shows that ma...

30/12/2011

PPI Claim: Many expect incomes to be stretched in 2012

Those looking for ways to make their incomes stretch in the new year could check to see if they are eligible to make a payment protection insurance (PPI) claim or seek a credit card refund.According t...

29/12/2011

PPI Claims: People aim to make financial changes in 2012

Many people in the UK could be checking to see if they are eligible to seek a payment protection insurance (PPI) claim in the new year, as they make a concerted effort to give their finances a thoroug...

28/12/2011

PPI Claims: First-time buyers 'still struggling with deposit requirements'

Payment protection insurance (PPI) claims and credit card refunds could provide the financial lump sum many people looking to buy a property require.A new report from Halifax has revealed mixed result...

28/12/2011

Credit Card Claim: Surcharges to be outlawed

People who use credit cards to pay for goods and services will not experience misleading and confusing payment surcharges in the future.New government proposals will be implemented by the end of next ...

23/12/2011

Bank Claim: Consumers 'should be mindful of interest rates'

Those people who have used credit cards to fund their festive purchases this year may want to check to see if they are eligible to make a payment protection insurance (PPI) claim or seek loan refunds....

23/12/2011

PPI claims could help over-50s cover Christmas

Payment protection insurance (PPI) claims and loan refunds could provide the financial boost many older people in the UK need to allow their finances to recuperate after Christmas.

A new ...

23/12/2011

PPI Claims: High inflation to affect Christmas dinner

Payment protection insurance (PPI) claims and credit card refunds could be just in time to help people enjoy the full extent of their Christmas meal without having to worry about the financial implica...

22/12/2011

PPI Claims: Consumers increase cash withdrawals

Those people who are finding they are constantly withdrawing money from their bank accounts this Christmas could check to see if they are eligible to make a payment protection insurance (PPI) claim, o...

22/12/2011

PPI Claims: Families have 'extra Christmas parties'

Payment protection insurance (PPI) claims and credit card refunds could help people cover the costs of multiple festive celebrations this year.

New research from American Express found th...

22/12/2011

PPI claims could boost income levels for unemployed

Payment protection insurance (PPI) claims and loan refunds could help provide a financial boost for those families who are being affected by long-term unemployment.The latest figures from the Trades U...

21/12/2011

PPI Claim: Interest rates 'will continue to be low in 2012'

Payment protection insurance (PPI) claims and credit card refunds could be used to offset the poor financial gains that many savers will experience next year.High inflation rates and the Bank of Engla...

21/12/2011

PPI Claims: Many 'worried about Christmas spending'

Those worrying about the financial implications of Christmas and the added expenditure it brings could check to see if they are eligible to make a payment protection insurance (PPI) claim.New research...

21/12/2011

PPI Claims: Consumers 'seeking cash flow boost'

Those people who are relying on credit cards and loans to add to their cash flow may find it more financially prudent to check to see if they can make a payment protection insurance (PPI) claim or see...

20/12/2011

PPI claims could lift financial spirits

Payment protection insurance (PPI) claims and credit card refunds could give people the financial lump sum they require to make their outlook for 2012 more optimistic.A new report from Nationwide has ...

20/12/2011

Bank Claim: Holidaymakers must be given more information

Banks, lenders and travel money providers have been told that they must make information regarding their currency products more clear and ensure their customers are aware of all the options and implic...

20/12/2011

PPI Claims: Budgets are forgotten at Christmas

Payment protection insurance (PPI) claims and credit card refunds could be useful for those people who do not think they will be able to stick to their shopping budgets this Christmas.A new report fro...

19/12/2011

PPI Claims: Property ladder progression 'hardest in 25 years'

Those who have taken out a mortgage and are now looking to move on to their second home may want to check to see if they are eligible to make a payment protection insurance (PPI) claim or seek a loan ...

19/12/2011

PPI claims: Consumer spending 'at lowest level during November'

Payment protection insurance (PPI) claims and loan refunds may help people to feel more secure in their financial situation and give them the extra cash they require to start spending.Despite the prox...

19/12/2011

PPI Claims: Consumers 'still have debt concerns'

Payment protection insurance claims or credit card refunds could serve the dual purpose of giving people extra money to spend in stores as well as helping to alleviate their debt problems.Frances Coul...

16/12/2011

PPI claims could help women save for retirement

Women approaching retirement age may want to check to see if they can boost their income by making a payment protection insurance (PPI) claim, as it seems they are less likely to have adequate pension...

16/12/2011

PPI Claims: Christmas could 'break many budgets'

Payment protection insurance (PPI) refunds and credit card claims could provide the extra resources many will need in the new year.According to Kevin Mountford, head of banking at MoneySupermarket.com...

16/12/2011

PPI refunds may be more effective than payday loans

Payment protection insurance (PPI) claims may be a better option for those who are looking to use a payday loan to boost their finances.Commenting after a recent Office of Fair Trading (OFT) investiga...

15/12/2011

PPI refunds may be more effective than payday loans

Payment protection insurance (PPI) claims may be a better option for those who are looking to use a payday loan to boost their finances.Commenting after a recent Office of Fair Trading (OFT) investiga...

15/12/2011

PPI Claims: Families need an extra £1.6k

Payment protection insurance (PPI) claims or credit card refunds could help provide many British consumers with the extra cash they need to help them maintain their current standard of living.
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15/12/2011

PPI claims could provide extra Christmas finances

Payment protection insurance (PPI) claims could help to give families the extra security they need to not be worried about the effect Christmas spending will have on their finances in January.Andrew H...

15/12/2011

PPI claims could help people avoid 'financial disaster'

Payment protection insurance (PPI) refunds and credit card claims could provide much needed income for those people who have been made redundant.The Office for National Statistics recently announced t...

15/12/2011

PPI claims could provide extra income to the unemployed

Payment protection insurance (PPI) claims and credit card refunds could be used to provide an extra amount of income to those people who have been made redundant and cannot find a new job.

14/12/2011

PPI Claims: Recession 'could be imminent'

More people could be checking to see if they are eligible to make a payment protection insurance claim next year as the fiscal windfall it provides could be a significant help to finances which are li...

14/12/2011

Bank Claim: FSA to make compensation amounts more visible

The Financial Services Authority (FSA) has announced that it will make changes to its rules to ensure that all banks, credit unions and building societies in the UK make consumers directly aware of ho...

14/12/2011

PPI Claims: Many children 'face poverty'

Payment protection insurance (PPI) claims and credit card refunds could be a simple way for cash-strapped families to improve their incomes and avoid slipping into poverty.A new report into child pove...

14/12/2011

PPI Claims could be more effective than over-50 plans

People who have invested in an over-50s plan may want to make a payment protection insurance (PPI) claim as new research suggests they may not be as financially lucrative as first thought.A report by ...

14/12/2011

PPI Claim: Inflation 'hits elderly hardest'

Payment protection insurance (PPI) claims and loan refunds could be handy for those consumers who are finding it hard to cope with the high cost of living in the UK.A new report from the Alliance Trus...

14/12/2011

Credit card claim: Gifts 'will leave many in debt'

People who are finding it hard to accumulate the extra finances they need to buy Christmas gifts could check to see if they can make a payment protection insurance (PPI) claim or loan refund.One in th...

14/12/2011

PPI claim: Parents worry about funding Christmas

Payment protection insurance (PPI) claims and loan refunds could be useful to cash-strapped parents this Christmas.A new report from LV= suggests that the build-up to December 25th can be a stressful ...

13/12/2011

Bank Claim: Inflation 'affecting savings benefits'

People who are approaching retirement age may want to check to see if they are eligible to make a payment protection insurance (PPI) claim on any cover which was missold to them in the past, as other ...

13/12/2011

PPI Claims: Many 'still face money problems'

Payment protection insurance (PPI) claims and credit card refunds could provide the financial help that many people need to cope with the high cost of living in the UK.The Bank of England has announce...

13/12/2011

PPI Claims: Many 'will slip into debt this Christmas'

Payment protection insurance claims could provide the financial lump sum many families need to avoid falling into debt problems during the Christmas period.A new survey from MoneySupermarket.com has f...

12/12/2011

PPI Claims: Low income workers 'most affected by unemployment'

Low paid workers may want to check to see if they are eligible to make a payment protection insurance claim or assess whether they can receive a loan refund, as they may find it difficult to gain re-e...

12/12/2011

PPI claims could help festive shoppers avoid debt

Payment protection insurance (PPI) refunds and credit card claims could help people avoid falling into debt problems this Christmas.

According to a new report from Halifax, consumers in t...

12/12/2011

Credit Card Claim: Debts will persist after death

People who heavily rely on credit cards could check to see if they are eligible to make a payment protection insurance claim on cover which was missold to them.The financial lump sum could come in use...

09/12/2011

PPI Claims: Payday loans 'are an expensive form of borrowing'

Payment protection insurance (PPI) claims or loan refunds may be a better option than payday loans for those people who are finding it hard to make their income cover their monthly expenditure.Lyn Jon...

09/12/2011

PPI Claim: Consumers 'consider gift purchases'

Payment protection insurance (PPI) refunds could provide the financial lump sum many households in the UK need to ensure they can purchase gifts for friends and family this year.Many British families ...

09/12/2011

PPI Claims: Pensioners 'to be worse off in future'

Older couples who are approaching retirement could think about boosting their financial income by making a payment protection insurance (PPI) claim or seeing if they are eligible to receive a credit c...

08/12/2011

PPI Claim: 'Consider all options before' pay day loans

Payment protection claims and credit card refunds could be a useful option for those families who are finding it hard to make their income cover their expenditure from one wage packet to the next.The ...

08/12/2011

PPI Claim: Shoppers 'forced to cut back'

Payment protection insurance claims and loan refunds could be useful for the British consumers who will not be able to spend as much on Christmas gifts this year as they did in 2010.New figures from C...

08/12/2011

Bank Claim: Cash machine charges 'disgraceful'

Which? has criticised the move by a number of high street banks to implement policies which will see some of their customers charged to withdraw their own money from various cash machines.The group...

08/12/2011

PPI Claims: Tough year 'affects festive cheer'

Payment protection insurance (PPI) claims or loan refunds could provide the added financial security that many individuals in the UK lack this Christmas.A new survey from MoneySupermarket.com has foun...

08/12/2011

PPI claims could be alternative to payday loans

People who are considering taking out a payday loan may discover it is more financially prudent to make a payment protection insurance (PPI) claim.Recent research from R3 found that 45 per cent of Bri...

08/12/2011

PPI claims could help retirement savings

Young homeowners and consumers could check to see if they are eligible to make a payment protection insurance (PPI) claim or seek a loan refund.The compensation provided could help people begin saving...

07/12/2011

PPI Claims: Consumers 'still want to spend'

Those people still to do their Christmas shopping may find that they could avoid making tough choices about who gets gifts if they have an extra financial boost available to them.Payment protection in...

07/12/2011

PPI Claim: Kids gifts 'a priority'

Payment protection insurance (PPI) claims and loan refunds could help families who are making cutbacks to ensure their children get the gifts they want this Christmas.A new survey from LV= has found t...

07/12/2011

PPI Claim: Pensions 'will be hit'

Payment protection claims or loan refunds could help many people in the UK supplement their retirement fund, as pension payments are set to be reduced.Speaking about the decision to change the indexin...

06/12/2011

Credit Card Claim: Plastic purchases 'higher than ever'

People are using their credit cards more than ever before and many could check to see if they are eligible to receive a financial windfall in the form of a credit card refund.Prime minister David Came...

06/12/2011

PPI Claim: Energy price rises 'leading to fuel poverty'

Families who are finding the high cost of energy bills is affecting their finances could check to see if they can increase their income by making a payment protection insurance (PPI) claim or seeking ...

06/12/2011

PPI Claim: Consumers 'should be wary of credit cards'

Payment protection insurance (PPI) claims may allow people to avoid getting themselves into financial difficulties this Christmas.The Finance and Leasing Association has urged people who are strugglin...

05/12/2011

PPI Claim: UK Consumers 'faced with high levels of debt'

People faced with a high level of debt or those who have money concerns could make a payment protection insurance (PPI) claim to alleviate some of their financial burden.The average British household ...

05/12/2011

Bank Claim: ATM charges 'are damaging'

Some high street banks have been criticised for not allowing their customers to have access to their accounts from every cash machine.The chairman of the Treasury Select Committee Andrew Tyrie asked t...

02/12/2011

PPI Claim: Deficit cuts 'are unfair'

Many public sector workers will need to reassess their finances as their living standards fall and they could check to see if they are eligible to make a payment protection insurance (PPI) claim.Speak...

01/12/2011

PPI claim: Offspring 'will always need money help'

Payment protection insurance (PPI) refunds and credit card claims could provide the extra financial help many people with children need.New research from Legal & General revealed that 27 per cent ...

01/12/2011

PPI Claim: Elderly 'worried about Christmas costs'

Payment protection claims or loan refunds could provide the extra cash many retirees need to be able to afford to buy Christmas presents this year.New research from Aviva found that 46 per cent of peo...

30/11/2011

PPI Claims: Consumers 'should not borrow money at Christmas'

People who are finding it hard to accumulate the extra money they need to fund their Christmas shopping this year could check to see if they are eligible to make a payment protection insurance (PPI) c...

30/11/2011

Credit card claim: Christmas to increase debt woe

Credit card claims could give consumers the financial boost they require to still enjoy their Christmas without worrying about the implications of their spending in the new year.The average British co...

29/11/2011

PPI Claim: Money concerns 'affect Christmas celebrations'

Shoppers who are struggling to find the cash to enjoy Christmas this year could check to see if they are eligible to make a credit card claim or receive a payment protection insurance (PPI) refund as ...

28/11/2011

PPI Claim: Christmas 'causes debt for young consumers'

Payment protection insurance (PPI) claims and loan refunds could alleviate some of the financial pressure on young consumers who have found themselves in debt problems.As people try to find the cash t...

28/11/2011

PPI Claim: Financial uncertainty increasing

Payment protection insurance refunds and credit card claims could provide the financial stability some consumers need as economic conditions are set to remain uncertain.The Institute of Financial Plan...

25/11/2011

PPI Claim: Public workers 'facing retirement crisis'

Women approaching retirement could need payment protection insurance claims to help add to their income as the pensions industry is currently facing a crisis.Unison general secretary Dave Prentis said...

25/11/2011

PPI Claim: Christmas 'costs are worrying'

Those worried about the cost of Christmas could check to see if they can make a payment protection claim or ascertain if they are eligible for a loan refund.Half of British consumers state they are an...

25/11/2011

PPI Claim: Incomes 'struggling to break even'

Payment protection claims and credit card refunds may be needed as a large part of people's incomes is now spent on everyday items such as bills and food.The average British family spends £2...

24/11/2011

PPI Claim: Annuities 'worth less due to quantitative easing'

Payment protection insurance refunds and credit card claims may be needed by those people who are approaching retirement as the value of annuities and gilts has decreased.Dr Ros Altmann, the director ...

24/11/2011

Bank Claim: Executive pay 'out of control'

The pay of many executives of the top financial companies and big businesses has become "out of control".During a Guardian Business podcast, Deborah Hargreaves, the head of the High Pay Comm...

24/11/2011

PPI Claim: Workers 'worried about retirement fund'

Payment protection claims and credit card refunds could be used by families who do not currently have enough money saved to enjoy their retirement.New figures from Standard Life have revealed that 49 ...

23/11/2011

PPI Claim: Families 'cannot afford energy price hikes'

Payment protection insurance refunds could provide families in the UK with the financial windfall they need to cope with increasing energy prices.According to uSwitch.com, gas and electricity supplier...

23/11/2011

PPI Claim: Consumers 'need to know their options'

People who are experiencing money concerns due to the high rate of inflation or growing unemployment could see if they qualify to make a payment protection claim or are eligible for a loan refund.A ne...

23/11/2011

PPI Claims: Payday loans 'must be last resort'

Consumers who have money worries and are thinking about taking out a payday loan could check to see if they are eligible to make a payment protection claim or receive a loan refund.The financial lump ...

22/11/2011

Bank Claim: Overdraft charges must stop

People no longer trust bank charges and will need to be persuaded about the proposed benefits of overdraft changes.This is according to Richard Lloyd, the executive director of consumer watchdog Which...

22/11/2011

PPI claims complaints increase

The Financial Ombudsman Service (FOS) has recorded a large increase in the number of complaints it has received about banks' handling of payment protection insurance claims.According to the figure...

22/11/2011

Bank Claim: Loan rates 'too high'

People who are struggling to secure a loan that offers good value for money could see if they are eligible to make a credit card claim or a loan refund.Many consumers who are finding it difficult to c...

21/11/2011

PPI Claim: Many 'unprepared for Christmas'

Payment protection refunds and credit card claims could help more families enjoy Christmas this year without worrying about their ongoing financial difficulties.According to new research from Legal &a...

21/11/2011

PPI Claim: Money concerns will affect retirement

Payment protection claims and loan refunds could be just what some people need as many have no discernable plans for funding their retirement.New research by the Institute of Financial Planning (IFP) ...

21/11/2011

PPI Claim: Unemployment figures 'show change is needed'

Payment protection claims and credit card refunds could be used by many people who are facing long-term unemployment.Office for National Statistics figures show 2.62 million individuals are now unempl...

18/11/2011

PPI Claims: Property 'can provide income boost'

Homeowners who have a mortgage and are struggling to make financial payments could check to see if they are eligible to make a payment protection claim on insurance that was missold to them.Another wa...

18/11/2011

PPI Claims: Unemployment 'highest in 17 years'

More than 2.6 million people are now unemployed in the UK and some could offset their fall in income by claiming against payment protection insurance that they may have been missold with their mortgag...

18/11/2011

PPI Refunds could help people spend again

Payment protection refunds and credit card claims could provide families who feel they have no extra money to spend with the financial boost they need going into Christmas.Many households' budgets...

17/11/2011

Bank Claim: Payday loans 'becoming more common'

Consumers who need to rely on payday loans in between salary payments could see if they are eligible to make a payment protection claim or loan refund, which may help them avoid falling into a cycle o...

17/11/2011

Credit Card Claims: Spending 'hit by low incomes'

Credit card refunds and payment protection claims could be used to allow families to afford to buy non-essential products as income levels have remained relatively flat this year.New research from Avi...

16/11/2011

PPI Claim: Incomes 'still affected by inflation'

Payment protection claims and loan refunds could be used to alleviate the pressure many households will face this winter caused by the high price of gas and electricity.Brendan Barber, Trades Union Co...

16/11/2011

PPI Claim: Savings 'cannot cope with inflation'

The recent small fall in inflation is not the end of financial difficulties many people have experienced since the start of the banking crisis, according to an expert.PPI claims and credit card refund...

16/11/2011

PPI Claims: People on low incomes 'find it hard to cope with inflation'

Payment protection claims and credit card refunds may be useful for households who are struggling with financial problems caused by high inflation and stagnating incomes.New research from MoneySuperma...

15/11/2011

PPI Claims: Economic prospects 'gloomy'

Many people could check to see if they are eligible to make a payment protection claim or credit card refund, which could provide a financial lump sum that may lift some of the constraints which are m...

15/11/2011

PPI refunds 'offer better interest rates than savings accounts'

Thousands of people are realising that they can make payment protection insurance claims on policies that were mis-sold to them in the past and that the financial benefits of claiming could be very re...

15/11/2011

PPI Claims: Unemployment 'to get worse'

Payment protection claims and loan refunds could be used to help those who have recently been made unemployed steady their personal finances, as the chances of many people finding another job are seen...

15/11/2011

PPI Claim: Money worries 'grow'

Payment protection claims could be needed by consumers in the UK as many are experiencing worsening fiscal conditions.New research from unbiased.co.uk found that 47 per cent of Brits believe their fin...

15/11/2011

PPI Claim: Homeowners 'cannot afford to move'

Payment protection claims could free up the cash many first-time buyers need to move to a new home.According to new research from HSBC, 360,000 people cannot afford to move on from their current home....

14/11/2011

PPI Claims: Brits 'to cap Christmas spending'

Payment protection claims and loan refunds could help consumers cover the cost of Christmas this year, as many households plan to keep a tight budget due to ongoing financial concerns.A new report fro...

14/11/2011

PPI Claim: Energy bills 'causing concern'

PPI refunds could give some British consumers the extra financial boost they require to pay their energy bills this winter.Due to the tough economic climate created by the banking crisis and rising ga...

14/11/2011

PPI Claims: Unemployment 'to rise'

British households may need to use payment protection claims and credit card refunds to help them avoid further money concerns in the future.Many families are already struggling with the high cost of ...

11/11/2011

PPI Claim: Housing a second child could cost £60,000

Families thinking about having a second child should check to see if they are eligible for a payment protection claim or loan refund, as the costs involved may prove to be prohibitive.New research fro...

11/11/2011

PPI Claim: Weather 'will make elderly vulnerable'

Payment protection claims or credit card refunds could provide the financial confidence people need in order to keep the heating on this winter.Dr Ros Altmann, director-general of Saga, said that with...

10/11/2011

Bank Claim: Savers 'not seeing rewards'

UK consumers who are struggling to make their savings pay could consider making a payment protection claim or seeking a loan refund to provide the financial boost they need.According to Save Our Saver...

10/11/2011

Credit card claims: Young 'should try to save'

Credit card claims could provide young consumers with the initial financial boost they need to build up savings that could be useful in the future.Due to the banking crisis and the resulting austerity...

10/11/2011

PPI Claim: Brits 'use plastic plates to save money'

Payment protection refunds and credit card claims may be helpful for many families in the UK who are struggling to find the money to replace broken household items.New research from swiftcover.com fou...

10/11/2011

PPI Claim: Job losses 'could increase financial woe'

Payment protection claims and credit card refunds could provide people with extra financial support they may need if they have recently become unemployed.The Office for National Statistics has release...

09/11/2011

PPI Claim: Energy prices 'causing tensions'

Payment protection claims and loan refunds could be used to pay for the initial home improvements that could eventually see households' energy bills fall - and subsequently may reduce the number o...

08/11/2011

PPI Claims: Consumers 'at risk of insolvency'

People struggling with the threat of bankruptcy could make a payment protection claim to alleviate some of their financial troubles.New research from the Money Advice Trust (MAT) shows nearly five mil...

08/11/2011

PPI Claim: Many 'people struggle to afford marriage'

Payment protection claims could provide people with enough financial flexibility to be able to afford to get married.Many couples have found themselves with tight fiscal constraints and money worries ...

08/11/2011

Credit cards charges: One in ten to use credit cards this Christmas

One in ten people will turn to their credit card or store card to pay for Christmas shopping this year - potentially increasing the number of credit card charges they are subjected to in 2012.Accordin...

07/11/2011

Bank claim: Bank 'dodges outstanding tax bill'

Investment bank Goldman Sachs has managed to dodge an outstanding tax liability bank claim after striking a deal with HM Revenue & Customs (HMRC), it has been claimed.The taxman waived the £...

07/11/2011

Bank refunds: RBS bankers to get £500m in bonuses

Bankers at the Royal Bank of Scotland will get around £500 million in bonuses this year despite a marked decline in investment profits - news which could annoy bank refunds claimants trying to m...

07/11/2011

Bank Claim: Rental costs 'being driven up'

Payment protection insurance claims may free up enough spare cash for tenants to cope with rent prices that are historically high.Tenants in London are seeing their monthly rates increase as demand in...

04/11/2011

Credit card charge: £174m daily interest in UK

Consumers may want to see if they are eligible to make a credit card payment protection insurance claim to help them cope with the rising levels of debt in the UK.British consumers make interest payme...

03/11/2011

PPI Claims: Households 'struggling with energy bills'

Payment protection refunds could provide the financial assistance consumers in the UK may need to be able to afford to keep their heating on this winter.An average increase of £224 in the cost o...

03/11/2011

PPI Claim: Incomes 'must rise'

Payment protection claims could be useful for many workers in the UK who may find themselves struggling with stagnating incomes and rising inflation.Dave Prentis, the general secretary of Unison, said...

03/11/2011

PPI claims have led to FSA 'intervention'

The large amount of mortgage and loans holders who were mis-sold payment protection insurance (PPI) has led to the Financial Services Authority (FSA) intervening to impose restrictions on future finan...

03/11/2011

Credit card claims: Consumers 'will reduce spending'

The high rate of interest associated with some credit cards could trigger a reduction in the amount people use them this Christmas and in the future.This is according to Lovemoney.co.uk's head of ...

02/11/2011

PPI Claims: Young 'struggling to cope'

Payment protection claims could offer a financial respite to the UK's younger generation, who are experiencing major money worries and are faced with harsh economic prospects.New research from the...

02/11/2011

PPI Claim: People 'need to keep warm this winter'

Making a payment protection claim or seeking a loan refund could provide households with the financial lump sum they need to be confident of staying warm this winter, despite the increasing costs of g...

02/11/2011

PPI Claim: Slow growth will cause more problems

Payment protection claims could help people offset the potentially damaging affects of slow economic growth.The general secretary of Unison Dave Prentis has said that the 0.5 per cent growth in the ec...

01/11/2011

PPI Claims: Consumers 'want to pay off debts'

PPI claims may provide a large financial boost that could be used by people to pay off their debts.The difficult economic climate - which has seen low interest rates and high inflation - has meant man...

01/11/2011

PPI Claim: Spending will rise over Christmas

Payment Protection Claims could help consumers in the UK have enough disposable money to enjoy the festive period without worrying about large debt repayments next year.As people stretch their budgets...

01/11/2011

PPI Claim: VAT 'affects poor more'

Payment protection claims could be useful for many consumers in the UK who are seeing VAT cut into their household budgets.New figures from the Office for National Statistics show the lowest-earning f...

31/10/2011

PPI Claims: Financial struggles are country-wide

Payment protection refunds could help people in every corner of the country cope with increasingly stretched household finances.Consumers in all areas of the UK have become more negative about their f...

31/10/2011

PPI Claims: Insulation 'is a must this winter'

Payment protection refunds could help people who are experiencing financial pressures this Christmas ensure they have enough money to avoid potential household disasters.The money from a loan claim co...

31/10/2011

PPI Claim: Council workers 'at risk of poverty'

Public sector workers could offset their frozen income levels with a loan refund.According to Unison, more than one million low-paid government workers have not had a pay rise for two years. During th...

31/10/2011

PPI Claims: Households 'struggling in Q3'

Payment protection refunds may help many consumers in the UK who have just experienced some of the toughest financial conditions in recent times.A high rate of inflation - which is consequently reduci...

31/10/2011

PPI Refunds: Inflation 'outstrips earnings and savings'

Payment protection refunds could be a timely boost to consumers' income levels as the average wage rise is now much less than the rate the cost of living is increasing at.Private sector pay rises ...

31/10/2011

PPI claims could provide lump sum for retirement plans

Payment protection refunds could provide people approaching retirement age with the added financial security they need to be confident they can cease working.More than one in five 45 to 65-year-olds i...

31/10/2011

PPI Claim: People 'face debt due to mortgages'

Homeowners who took the option of an interest only mortgage could try to offset a potential "time bomb" of debt by making a payment protection claim.Many people who purchased their homes whi...

31/10/2011

PPI Claim: Parents 'to make fee sacrifices'

Parents who are feeling under pressure to help pay their children's tuition fees could consider making a payment protection claim to help their financial situation.Many mothers and fathers will re...

28/10/2011

PPI Claim: House prices 'set to fall'

People who purchased a home when the housing market was at its peak in 2007 could use payment protection claims to help them if they are currently experiencing negative equity.Knight Frank recently pr...

28/10/2011

FSA 'right to act to avoid PPI claim-style scandal'

Consumer Focus has said the Financial Services Authority's (FSA) decision to investigate packaged bank accounts is the right course of action.Banking customers need to be able to trust their finan...

27/10/2011

PPI Claim: Credit Action concerned about rising costs

Payment protection claims may be needed by many homeowners who are already on the poverty line as energy prices are expected to increase.Consumer Focus reported that energy company Ovo has increased t...

27/10/2011

Bank Claim: People 'are wasting fees'

Many high street banks offer current accounts with added bonuses such as mobile breakdown cover and travel insurance, but new research has found that people are not using the services and are wasting ...

27/10/2011

PPI Claim: Solar panel installation 'could save money'

Payment protection refunds could help pay for the upfront costs of installing a solar panel, which could ultimately help people save money on their energy bills.According to the Energy Saving Trust...

27/10/2011

Bank Claim: Bonuses 'should be taxed'

General secretary of the Trades Union Congress Brendan Barber believes fair taxation could help the country stimulate the economic growth it requires to reduce the national deficit and improve financi...

26/10/2011

PPI Claims: Incomes "need to be increased"

PPI claims could be an effective way for families to increase their spending power, which could subsequently improve the country's economic situation.Consumer demand would receive a boost if peopl...

26/10/2011

PPI Refunds: Credit 'can make consumers pay'

Loan refunds may a good alternative to expensive credit for shoppers looking to find extra financial resources to help them enjoy a pleasant Christmas period.According to new research from the compari...

26/10/2011

PPI Claim: Consumers 'pessimistic about income'

Payment protection refunds could be used to compensate for the decreasing levels of levels of income in the UK.Markit's Household Finances Index survey found that households were finding it diffic...

26/10/2011

Bank Claim: Credit Suisse UK fined for SCARPS failings

The Financial Services Authority (FSA) has issued a fine of £5.95 million to the private banking firm Credit Suisse UK.Many people who had invested in the company's structured capital at ris...

25/10/2011

PPI Refunds: Consumers 'afraid to switch lights on'

People who have had a successful payment protection claim may have the spare finances to avoid resorting to extreme methods of saving money on their energy bills this winter.Bill payers are worried ab...

24/10/2011

PPI Refund: People 'worse off than during recession'

Loan refunds could be more important now than during the recession.New research from the Money Advice Trust found that households are now feeling the effects of their financial constraints as circumst...

24/10/2011

PPI Refunds: Alternative retirement plans 'are being made'

Payment protection refunds could be an effective way to supplement a person's retirement plans.Many people have to find alternative investment strategies as their pensions are not yielding as much...

24/10/2011

PPI Claim: Homeowners 'cannot afford to move'

Payment protection refunds may provide the added boost to savings that next-time buyers who have been declined a mortgage may need to find a deal.Nearly three-quarters of mortgage brokers said they we...

24/10/2011

Bank Refunds: Consumers 'want luxury'

Bank refunds could help people continue to afford the luxury items they are hesitant to give up.LV= has released new statistics which revealed the average British household now spends £5,850 on ...

21/10/2011

PPI Claims: Shoppers 'can save money now'

A timely payment protection claim may provide consumers with an added incentive to brave the high street this Christmas.According to Stephen Robertson, director general of the British Retail Consortiu...

20/10/2011

PPI Refunds: Housing costs causing concern

Payment Protection refunds could help people reclaim their "right" to stay warm this winter.New research from swiftcover.com has found that energy costs are people's main concern.Rising ...

20/10/2011

Loan Refunds: London 'is poverty capital'

People living in the capital could use loan refunds to help with increasing poverty rates.More than 600,000 children in London are now living in the worst conditions in the country, said Child Poverty...

20/10/2011

PPI Claims: Recession 'has altered spending habits'

Bank refunds could be used to help people purchase holidays and eat out more often.New figures from the Institute for Fiscal Studies found there had been a decrease in the amount of money people were ...

19/10/2011

PPI Claims: Benefits change 'will hit millions'

PPI claims could help consumers reduce the effects of proposed new Council Tax Benefit (CTB) alterations.Trades Union Congress general secretary Brendan Barber criticised the idea as it would cause a ...

19/10/2011

PPI Claims: Savings affected by inflation

Bank refunds may become more significant as the financial benefits gained from investing in savings accounts are becoming minimal.The interest rates associated with savings accounts have been "de...

19/10/2011

PPI Claims: Inflation 'will cause more poverty'

PPI refunds may offer a lifeline for families faced with difficult choices as they struggle to survive in the current tough economic climate.Alison Garnham, the Child Poverty Action Group chief execut...

19/10/2011

PPI Claim: Incomes 'are worth less'

PPI refunds could help individuals in the UK boost their income to cope with the increasing cost of goods and services.Inflation rates are now accelerating at three times the speed that people's i...

18/10/2011

Incomes 'are to be stretched further'

Bank refunds could be used to increase incomes that are struggling to cope with the rising cost of living in the UK.Many people in the country are becoming dependent on credit to pay for food and ener...

18/10/2011

Banks 'need to be more ethical'

The banking sector needs to be more aware of its role in the wider community.That is the claim from Triodos Bank, which found that 75 per cent of people in the UK feel their bank can be more socially ...

17/10/2011

PPI Claims: Credit ratings 'could affect fuel costs'

PPI claims may be needed to help people pay for existing credit purchases to avoid being penalised by energy companies.Gas and electricity suppliers are increasingly making use of data from credit ref...

17/10/2011

PPI Claims: Consumers' 'pessimism continues'

Bank refunds could help reduce some of the pessimism that consumers in the UK are feeling at the moment.Lloyds TSB research shows that 83 per cent of people have a negative view of the housing market,...

17/10/2011

PPI Claims: Poverty 'will become widespread'

PPI claims may become more prevalent in the future.Tim Nichols, spokesperson for the Child Poverty Action Group, said middle-income families are beginning to be affected by the financial crisis.These ...

14/10/2011

PPI Refunds: Fuel industry 'causing concern'

Bank refunds may be needed to help people struggling with their finances as the cost and complication of utility bills is becoming prohibitive.The Citizens Advice Bureau's chief executive Gillian ...

14/10/2011

PPI Claims: People 'can not afford rent'

PPI claims could be needed as the tough economic climate means housing costs are reducing the amount of money people can spend on other essentials.Individuals are now aware that getting on the propert...

14/10/2011

Banks 'need to be more transparent'

Savers have little idea what happens to their money once they have deposited it, according to a new study.New research from Triodos Bank revealed that just three per cent of savers same phrase as sour...

14/10/2011

Credit card charges 'need more transparency'

Banks and finance providers have been criticised for not being clear enough in their wording of credit agreements.David Fox of the Word Centre said typical APR figures are given too much significance ...

13/10/2011

PPI Claims: High unemployment 'will continue'

PPI claims could become important to people as financial difficulties continue to bite.The Trades Union Congress (TUC) has said the latest unemployment figures show that the UK is now in a "state...

13/10/2011

PPI Refunds: UK 'at risk of recession'

PPI refunds could come to people's aid as fiscal difficulties are expected to remain for the foreseeable future.Legal & General Investment economist James Carrick has said that the economy is ...

13/10/2011

PPI Claims: Unemployment is leading to debts

PPI claims could be used to help prevent the escalation of money difficulties that more people are experiencing due to current levels of unemployment.Chief executive of the Money Advice Trust (MAT) Jo...

13/10/2011

PPI Claims: Christmas 'is worrying'

PPI claims could help many people save this Christmas.An increasing amount of people in the UK are worried that they will not be able to afford to enjoy the festive period this year, according to new ...

13/10/2011

PPI refunds: Incomes 'to drop significantly'

PPI refunds could become important as average income levels are expected to fall in the UK.Research from the Institute for Fiscal Studies found median income will decrease by seven per cent by 2012-13...

12/10/2011

PPI Claims: QE 'could increase inflation'

PPI claims could be useful in what is expected to be a tough financial future.Azad Zangana, European economist at Schroders, stated the Bank of England's decision to expand the Asset Purchase Sche...

11/10/2011

PPI Claims: People 'must help themselves'

PPI claims could be used as an alternative to credit by consumers who are finding it difficult to cope in the current economic climate.Liz Dunscombe, director of project partnership and development at...

11/10/2011

PPI Refunds: Child poverty 'to rise'

PPI refunds could help families as child poverty is expected to rise in the UK.Alison Garnham, the chief executive of Child Poverty Action Group, criticised the government for not doing enough to tack...

11/10/2011

PPI Refunds: Economic climate 'could get worse'

PPI refunds could assist consumers as the harsh financial conditions are expected to get worse.Ray Boulger of mortgage advisor John Charcol stated that the Bank of England's Monetary Policy Commit...

11/10/2011

Credit Card Claim: People 'have secret cards'

Nearly one in five people do not share financial information about credit cards with their partners.New research from MoneySupermarket.com found 17 per cent of individuals with a partner deliberately ...

11/10/2011

PPI Refunds could alleviate financial pressure

PPI refunds could help UK families as they struggle to avoid falling into debt.New research from Legal & General has found that around 11.5 million households – just more than half of the to...

10/10/2011

PPI Claims: 7 million 'in fuel poverty'

PPI claims could help people facing fuel poverty in the UK.A report by uSwitch.com found the average household energy bill is now £1,293 a year, just £207 from the point where the majority...

10/10/2011

Credit card charges 'cost £200m'

Holidaymakers could be hit by unnecessary credit card charges.Research by the Post Office found that people who travelled abroad during the summer were charged a total of £200 million by card pr...

07/10/2011

PPI Refunds: More people 'worried about finances'

PPI refunds could alleviate some of the intense financial pressure many people are currently facing.Andrew Hagger, a spokesman for Moneynet.co.uk, acknowledged that current economic conditions mean it...

07/10/2011

PPI Claims: MPC vote 'disaster for savers'

PPI claims could be useful as people will find it difficult to save using conventional means in the near future.Saga's director general Dr Ros Altmann said the Monetary Policy Committee's (MPC...

07/10/2011

PPI Claim: Austerity measures 'to continue'

PPI claims could be needed as the current economic difficulties look set to continue.The director-general of the Confederation of British Industry, John Cridland, agrees with most of the chancellor...

06/10/2011

PPI Claims: UK 'spends more on credit than it saves'

PPI claims could help fill the savings void many people struggling with repayments in the UK are facing.Research from Standard Life highlighted that the UK is spending more on credit card payments tha...

05/10/2011

PPI refunds: Financial situation 'will not ease'

PPI refunds could help people ride out the tough financial environment that lies ahead.TUC general secretary Brendan Barber cannot see chancellor George Osborne's economic proposals creating the s...

05/10/2011

PPI Refunds: City house prices 'more expensive'

PPI refunds could help offset the escalating costs of living in the city.New research from Halifax shows the average house price in the UK's cities has increased by 65 per cent over the last decad...

04/10/2011

PPI Claims: High costs 'preventing people going green'

PPI refunds could help people who want to make environmentally-friendly changes to their energy consumption but do not think they can afford to do so.A new survey from uSwitch.com reveals that 44 per ...

03/10/2011

PPI Claims: People need to be wary of debt management

PPI refunds could be an alternative to debt consolidation as increasing amounts of providers are having their licences cancelled.People in financial difficulties and in need of help should speak to an...

30/09/2011

PPI Claims: Older workers 'no longer forced to retire'

PPI claims may be able to prevent people working after the age of 65.A change to the employment laws means people will be able to able to work after their 65th birthday without fear of being fired.Age...

30/09/2011

PPI Claim: Jobs 'continue to go'

The uncertain economic future and tough current circumstances are leading to a large amount of redundancies. People may be struggling for a source of income and PPI refunds could come in handy.Monthly...

30/09/2011

PPI Claims: People are 'finding more innovative ways to save'

PPI refunds could be useful as people look for innovative ways to find a bit of extra money.Research from Saga has shown that huge numbers of people aged 50 and over will shun expensive restaurants or...

30/09/2011

PPI Claims: Finances 'more important than ever'

PPI claims may be helpful as new figures reveal the extent of the UK's ongoing debt situation.Including mortgage debt, the average UK household now owes £55,822 according to Credit Action. I...

30/09/2011

PPI Claims: Financial crisis 'in part due to the credit system'

PPI Claims may help people who are struggling due to the current financial crisis.Speaking at a European conference on banking and the economy at Southampton University, Lord Turner, chairman of the F...

30/09/2011

PPI Refunds: University fees 'may require extra savings'

PPI refunds may be important to people with children who intend on going to university next year.Standard Life has launched a calculator that enables an independent financial adviser to ascertain just...

30/09/2011

PPI Claim: 'More must be done' to help lowest earners

PPI refunds may help people who are struggling on the national minimum wage.The hourly rate will rise by 15p to £6.08 for adults on October 1st and the Low Pay Commission (LPC) believes this 2.5...

29/09/2011

PPI Claims: UK has 'lowest standard of living in Europe'

PPI Claims could help offset the 'worst standard of living' in Europe.New research from uSwitch.com has shown that despite Brits enjoying the fourth highest average income it is officially the...

29/09/2011

PPI Claim: People are 'struggling to meet payments'

PPI refunds could be significant as a new study has found more people in the UK are not able to pay their rent.The research from the National Debtline charity revealed an 84 per cent increase in the n...

29/09/2011

PPI Refunds: People 'fear their bills'

PPI refunds may well help the increasing amount of the UK population living in fear of their bills.New research by MoneySupermarket.com has revealed a quarter of UK adults get stressed before they ope...

29/09/2011

Bank Claims: New tax 'unfair'

A new tax has been proposed by the European Commission, aimed at ensuring the banking sector contributes to stimulating economic growth and repays towards the cost of the financial crisis.However, the...

29/09/2011

FSA figures show PPI complaints continue to rise

PPI claims have led to an increase in complaints made to the Financial Services Authority (FSA).The organisation's figures show the total number of complaints about PPI rose by 23 per cent to 531,...

29/09/2011

PPI Refunds: Consumers 'want money to stretch further'

PPI refunds may help consumers who have admitted they are struggling to cope in the current economic climate.Yorkshire Building Society conducted research which found 96 per cent of people are seeking...

28/09/2011

PPI Refund: Interests rates 'to remain low'

PPI refunds could be useful for people looking to get a bit of extra financial help in this tough economic climate.David Smith, economics editor at the Sunday Times, has voiced his concern about the U...

28/09/2011

PPI Claims: Parents 'will try not to cut child savings'

PPI claims could help parents who are trying to save up for their family's future.People across the UK are struggling to invest in their children's savings accounts due to the rising cost of l...

28/09/2011

Bank Claim: Parents have 'no money left for children's' savings'

People have no money left to save up for their children's future, new research has found.A survey of UK parents concluded that the increasing cost of living associated with the financial crisis ha...

28/09/2011

Bank Claim: Financial services have 'direct impact on public'

Members of the banking industry must be seen to live up to the "highest standards of integrity".This the opinion of alderman Alan Yarrow, chairman of the Chartered Institute for Securities a...

28/09/2011

Bank Claim: Consumer credit falls

The amount of credit being borrowed by consumers has lowered after the financial crisis, according to new figures published by the Finance & Leasing Association (FLA).Consumer credit lending fell ...

27/09/2011

Payment protection market 'needs reform'

Payment protection insurance (PPI) providers will have to be much clearer about the information they give to customers in the future.On October 1st the results of the Competition Commission's inqu...

26/09/2011

Credit Card Claim: Card users 'subjected to extra fees'

Shoppers who elect to pay for goods and services with credit and debit cards are being charged extra fees in some stores.Candidmoney.com has advised customers to be aware of this practice. The consume...

26/09/2011

Bank Claim: Banks 'over pricing risk'

Banks and financial investors have "swung too far" to become seriously "risk adverse".This is according to Sir Richard Lambert, former director general of the Confederation of Brit...

23/09/2011

Credit Card Claim: Cards 'have ambiguous interest rates'

Ambiguous credit card fees could mean UK consumers are paying more interest on their purchases than they realise.According to research from Moneysupermarket.com, all of the UK's major credit card ...

22/09/2011

Bank Claim: Banking reform is a must, says Vince Cable

Banks and financial institutions need to show more stability because the country is in an "economic equivalent of war".This is according to secretary of state for business, skills and innova...

21/09/2011

Bank Claim: Banks 'preventing' first-time buyers from getting on property ladder

Banks and mortgage lenders are causing a major obstacle for first-time buyers.This is the opinion of Helen Adams, managing director of FirstRungNow.com, who sympathised with people trying to save up e...

20/09/2011

Loan Claim: Loan repayments 'consuming' income

Over 27 per cent of Britons now spend more than 40 per cent of their monthly income on loan repayments, a new survey has revealed.The poll from MoneySupermarket.co.uk found that the average person in ...

19/09/2011

Loan claim: Consumers tighten budgets amid financial worries

Debt worries are causing an increasing number of consumers to reduce their non-essential expenditure, a new survey shows.According to research from Santander Credit Cards, spending on partners and spo...

16/09/2011

Bank claim: Banks 'could soon start charging customers'

The end of free banking services for consumers could occur in the foreseeable future, an expert has warned.According to Keith Churchouse, director of Churchouse Financial Planning, new banking reform ...

16/09/2011

Loan charges: Tougher action needed for debt management firms

Tougher action needs to be taken on debt management companies that charge unfair fees, consumer advocacy group Citizens Advice has said.The charity pointed out that a large number of fee-charging debt...

16/09/2011

Bank loans: Strugglign mortgage payers 'have options'

Homeowners may be struggling to pay their mortgages in the face of increased financial pressure and rising inflation, but there are certain options open to them.According to What Mortgage, interest ra...

15/09/2011

PPI refunds: UK households 'need an extra £40 billion to maintain living standards'

PPI refunds could certainly come in handy to households in the UK, as new research has shown an additional £40 million is needed if our current standard of living is to be maintained.MGM Advanta...

14/09/2011

Bank claim: Two-fifths of Brits think banks do not act on their behalf, research finds

Consumers who have tried to make a bank claim may well be among the 42 per cent of people in Britain who think that banks or bank advisers do not act on their behalf.Research by unbiased.co.uk also fo...

14/09/2011

Bank charges: People 'don't have time to make a budget'

A number of consumers may experience bank charges because they do not have enough time to make a budget.According to David Rodger, managing director of The Debt Advice Foundation, a provider of free a...

13/09/2011

Loan charges: Millions of Brits wasting money by leaving electrical items on standby

Homeowners who are currently paying loan charges may want to think about where they can cut back on energy use as a way of saving money.One idea could be for them to make sure their electrical items a...

13/09/2011

Credit card charges 'can quickly escalate out of control'

The current financial climate means that credit card charges that seemed manageable at first can spiral out of control, an expert has said.David Rodger, managing director of The Debt Advice Foundation...

13/09/2011

Bank claim: Savers want more information on what banks do with their money

Consumers who are in the process of making a bank claim may well be among the 85 per cent of savers who would like more information on what these financial establishments do with their money.Charles M...

12/09/2011

PPI refunds: Parents fork out £34bn for their adult children, research finds

Many parents could find PPI refunds come in handy as they are spending a great deal in helping out their adult children financially.Research by Sainsbury's Finance revealed that parents forked out...

12/09/2011

Loan charges: People borrowing 'to put food on the table'

Those consumers currently experiencing loan charges may have borrowed money in order to buy essential items such as food.According to Jason Riddle, co-founder of Save Our Savers, people's reasons ...

12/09/2011

Credit card charges: E.ON and SSE increase gas and electricity prices hikes

Consumers may soon find they face credit card charges as two more energy suppliers' price hikes have come into effect.

E.ON has increased its gas prices by 18 per cent, while electric...

09/09/2011

Bank refunds: Natwest and RBS offer BlackBerry banking

Natwest and RBS customers may be able to see if they have been issued bank refunds over their BlackBerry.

This is because the banks have made it possible for their customers to bank throu...

09/09/2011

Loan charges: Equity release 'needs careful assessment'

Homeowners who are having trouble with loan charges should carefully consider the decision to take equity release.

Paul Rumbold, independent financial adviser at Wayne Austin IFA, an Inde...

09/09/2011

Bank charges: 52% of Brits would like interest rate increase

Consumers currently having trouble with bank charges would have been interested to hear that today (September 8th), the Bank of England's Monetary Policy Committee (MPC) voted to keep the base rat...

08/09/2011

Payment protection: Brits rate paying off debt as important

Brits who are currently looking to reclaim payment protection they were sold may be among those who consider paying off debt a priority over the next 12 months.

According to research by L...

08/09/2011

Bank claim: MPC keeps base rate at 0.5%

Anyone who is currently making a bank claim will be interested to hear that the Bank of England's Monetary Policy Committee (MPC) has voted to keep the base rate at 0.5 per cent.

The ...

08/09/2011

Loan refunds: Government 'must create lower cost of living'

Consumers who are in the process of getting loan refunds may well be struggling with the current costs of living.

Jonathan Davis, an economist and managing director of financial advice co...

07/09/2011

Bank charges: Debit card charges 'a raw deal'

People who have ended up paying bank charges may be among those who have been charged for using their debit card.

According to a spokesman from Candidmoney.com, consumers who are charged ...

07/09/2011

Credit card charges: People 'ignorant' of finances

Consumers who have been hit with credit card charges may be "ignorant" of their finances, as an expert has said that in general, people are uninformed about money matters.

Jonat...

07/09/2011

Credit card charges: Consumers paying out for airline debit surcharges

People who are currently paying out credit card charges may be among those who also have to fork out for debit card surcharges to airlines.

According to research by Which?, consumers are ...

06/09/2011

Banks still not dealing with PPI refunds, Which? claims

A number of banks are still not dealing with PPI (payment protection insurance) complaints, meaning people are not receiving PPI refunds.

That is according to Which?, which was commenting...

06/09/2011

Bank refunds: Santander FOS referrals down 3%

People who are currently trying to obtain bank refunds from Santander may be interested to hear that the number of referrals the bank had to the Financial Ombudsman Service (FOS) fell by three per cen...

06/09/2011

Bank charges: Brits have gaps in their payment knowledge

A number of Brits may not fully understand financial issues, such as bank charges, as new research shows the extent of their payment knowledge.

PayYOURway.org.uk has revealed that two out...

05/09/2011

Thousands of young people starting adult life with credit card charges?

Thousands of people aged 18 and 19 begin their adult life with debt problems, such as credit card charges, a debt charity has warned.

The Consumer Credit Counselling Service (CCCS) has re...

05/09/2011

Providing PPI refunds 'will be a challenge' for banks

Banks will find it challenging to provide PPI refunds to all those who complain to the Financial Ombudsman.

The Financial Ombudsman has said it receives thousands of complaints every day,...

05/09/2011

PPI refunds: PPI complaints at RBS and Natwest soar

The number of people seeking out PPI (payment protection insurance) refunds from RBS and Natwest increased significantly over the first half of the year.Natwest - which is part of RBS - received 147,1...

02/09/2011

Bank charges: Women working for longer to support adult children

Many women are helping their adult children avoid bank charges by working for longer, it has been revealed.According to a report by Friends Life, parents are bailing out their children by over £...

02/09/2011

Loan charges: Renting a room could help save money

Homeowners who are worried about incurring loan charges could consider renting out one of their rooms, as this could help them save money and help with their mortgage payments.Research by first direct...

02/09/2011

Bank charges: How to pay for childcare 'a difficult decision'

Many parents who are facing bank charges may have had to make the "difficult decision" over whether to both stay working and pay for childcare, or have one person give up work and live on on...

01/09/2011

Loan refunds: Only one in four Brits have asked for a pay rise

A number of Brits may be relying on loan refunds to make ends meet as they are reluctant to ask their employer for a pay rise.According to research by Scottish Widows, less than a quarter (24 per cent...

01/09/2011

PPI refunds: Young families 'more likely to be caught up in debt'

Young families could find PPI refunds come in handy as they are more likely to get caught up in debt than their older counterparts.According to Martin Bamford, chartered financial planner at Informed ...

01/09/2011

Deadline for PPI complaints 'put on hold'

The deadline for people to complain about being mis-sold payment protection insurance (PPI) has been put on hold during a judicial review.Earlier this year, the Financial Services Authority extended t...

31/08/2011

Loan refunds: Brits turning to savings to avoid credit card charges

Loan refunds could come in handy to people across the UK who are having to turn to their savings in order to avoid using their credit cards to pay for everyday items.

Research by moneysup...

30/08/2011

PPI refunds: Tenth of Brits 'plan to never retire'

Brits who are awaiting PPI refunds may be among those who are not planning to retire at all.

Research by global investment firm Baring Asset Management revealed that while a tenth plan to...

30/08/2011

Discuss credit card charges 'to reduce stress'

Consumers should discuss financial matters such as credit card charges in order to reduce stress.

That is according to Terri Bodell, a clinical psychotherapist who offers consultancy and ...

30/08/2011

Loan refunds: 'Cowboy traders' cost Brits £3.7bn in the last five years

Consumers who have had loan refunds and spent the money on home improvements should make sure the tradesmen they hire are reputable.This is because 'cowboy traders' have cost people in Britain...

26/08/2011

Bank charges: Only fifth of people have a 'money mate'

Only a fifth of people in the UK have someone who they can confide in over financial issues such as bank charges.Research by the Money Advice Service reveals that just nine million people in the UK ha...

26/08/2011

Credit card charges: Cost of living 'has gone up'

People who are currently having trouble with credit card charges will no doubt know that the cost of living has gone up.Phil Perry, a director at Ark Financial Planning, an independent financial advis...

26/08/2011

PPI refunds: Cost of back-to-school spending revealed

Parents could find PPI refunds come in handy over the next few weeks as the total bill mums and dads face paying for back-to-school items has been revealed.Research by insurance firm LV= revealed that...

25/08/2011

Loan charges: Only a quarter of Brits happy with their banks

Only a quarter of Brits (27 per cent) feel we are having our needs met by our banks.This means that three quarters, including those who may have experienced loan charges, are not happy with the servic...

25/08/2011

Bank refunds: Social networks 'to become very important to banks'

Consumers may find they can discover information about bank refunds through social networks in the future.This is because Lawrence Gold, financial expert, has said that social networks are to become v...

25/08/2011

Loan charges: Fifth of Brits 'will still be paying for holiday next year'

People who are experiencing loan charges may be among those who are still paying for their summer holiday next year.According to research by gocompare.com, a fifth of Brits will still be paying for th...

24/08/2011

Bank charges: 'Reduce consumption' to offset utility bill hikes

People who are worried about experiencing bank charges because of the hike in energy prices should reduce consumption.Peter Smith, campaigns and policy manager for National Energy Action, told Mickey ...

24/08/2011

Consider credit card charges before making big purchase

Consumers should think about possible credit card charges before they make any big purchases.That is according to Justin Modray, spokesman for Candidmoney.com, a website dedicated to helping people be...

24/08/2011

PPI refunds: Motorists missing out on savings by not switching insurance provider

Consumers who are currently awaiting PPI refunds after being mis-sold payment protection insurance could also save money by changing their car insurance provider.According to research by moneysupermar...

23/08/2011

Bank charges: Energy prices 'could double' by 2020

Many people may end up paying bank charges in the future because of high energy prices.This is because Joe Malinowski, founder of energyshop.com, a natural gas and electricity price comparison website...

23/08/2011

PPI charges: Grandparents being used as 'holiday helpers' this summer

Consumers who wrongly incurred PPI charges may be among those who have enlisted the help of grandparents to help with childcare this summer.In order to avoid spending vast amounts of money on childcar...

22/08/2011

Credit card charges: Student living cost increases by £42

The monthly cost of living for students has increased by £42.56 compared to last year, meaning some young people may end up incurring credit card charges.Research by Family Investments reveals t...

22/08/2011

Bank charges: Parents should teach their children how to manage their finances while at university

Parents can help their children avoid bank charges while at university by teaching them how to manage their finances when studying.According to Ed Bowsher, head of consumer finance at lovemoney.com, a...

22/08/2011

Loan refunds: Brits overindulge on holiday meals

Brits who have received loan refunds may have used the money to overindulge abroad, as many holidaymakers say they eat more on holiday than they do at home.According to research by insurance provider ...

22/08/2011

PPI charges: Switch bills to save money, expert suggests

People who have experienced PPI charges and are awaiting refunds may need ways to save money and make their pay packets stretch further.

Jasmine Birtles, founder of money website moneymag...

19/08/2011

Avoid credit card charges by reading small print

Consumers could avoid credit card charges if they make sure they read all the small print before taking out credit.

Liz Dunscombe, director of partnership development at Credit Action, a ...

19/08/2011

Credit card charges: Almost half of women reluctant to commit financially to partner

Almost half (45 per cent) of single women in the UK are reluctant to share financial matters such as credit card charges with their partner, it has been revealed.

A study by Friends Life,...

18/08/2011

Bank charges: Inflation 'to steady' for rest of 2011

Consumers who are having trouble with bank charges and are struggling to pay for everyday items may be pleased to hear that an expert believes inflation will remain steady for the rest of the year.

18/08/2011

PPI refunds: Parents being financially cautious when it comes to choice of holiday

PPI refunds could come in handy to parents that are currently looking to book their summer holiday or are preparing to go away.

This is because parents are exercising financial caution wh...

18/08/2011

Bank charges: Students advised to look at overdraft facilities of accounts

In order to avoid experiencing bank charges while studying, students have been advised to look into overdraft facilities of current accounts before picking one.Independent financial research company D...

17/08/2011

Consumers avoiding loan charges by borrowing from family

Many consumers may be borrowing money from their family members so that they do not have to pay loan charges.According to research by Aviva, there has been a significant increase in the number of peop...

17/08/2011

Bank charges: Payday loans 'could crucify your finances'

People who are concerned about bank charges and are considering turning to payday loans as a form of finance should carefully consider their decision.This is because Justin Modray, from financial advi...

17/08/2011

Loan refunds: Rising cost of living 'undermining retirement dreams'

Loan refunds could come in handy to people in Britain who are currently making retirement plans, as millions of Brits across the country are having to shelve their plans because of the rising cost of ...

16/08/2011

Credit card charges: Women in north east 'most affected by recession'

Women in the north east of the country may be more likely to have experienced credit card charges over the last few years, as this group has been most affected by the recession and government cuts.

16/08/2011

Bank charges: Advantages of vouchers 'numerous'

In order to avoid financial problems such as bank charges, millions of consumers in the UK are turning to vouchers.

According to Steven Sutton, content executive at Promocodes.co.uk, a di...

16/08/2011

Loan refunds: Renters 'fearing homelessness'

A number of people living in the rental sector could find loan refunds come in handy at the moment, as three million tenants currently fear homelessness.

Research by the Consumer Credit C...