The European Privacy Partnership warns that consumers may lose more that their credit rating if they default on loans; jobs are at stake

This month's UK bankruptcy figures show that UK business and individuals are still choosing bankruptcy as a seemingly easy way out of debt problems ... and employers often check credit history to ascertain an applicant's reliability or risk rating. In many ... may be refused employment due to a bad credit rating."In the current climate perfectly honest [more...]

Date: 2008-11-19 18:32:00

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Rise in Overdue Mortgage Payments

In the first three months of this year more than a fifth of homebuyers in the UK, who have a chequered credit history, have fallen behind on their mortgage payments and even those with top-quality ratings have seen a statistically significant rise in delinquencies. New research from Standard & Poor’s is based on the behaviour of homebuyers, whose loans have been packed in to mortgage-backed-securities, accounting for 80 percent of the £43bn sub-prime mortgage market. [more...]

Date: 2009-09-25 03:11:53

Credit Crunch Roundup — November 6, 2008

Items of Interest:CNNMoney:UK, Europe central banks cut key rates -- In response to the global economy, ... , and we are by no means out of the woods yet in terms of the credit crisis.----CNNMoney:GM Executive [more...]

Date: 2008-11-06 13:42:00

UK Telegraph: Shipping Rates Hit Zero

Get your fresh hot dry bulk shipper! Baltic Dry Index up 3% signaling its time to daytrade dry bulk shippers - send 'em up 30%! Global growth is back! ... Deepens Oct 31: Credit Tsunami Swamps Trade as the combination of pulled letters of credit [more...]

Date: 2009-01-16 13:22:40

Four. One Million Use Credit Cards for Mortgage or Rent

4.1 Million Use Credit Cards for Mortgage or Rent According to housing and homelessness charity Shelter, about 85% of the UK’s £1 ... Breaking point’ report revealed that ‘4.1 million households (16%) used credit cards to help meet ... , is that they normally come with a lower APR (Annual Percentage Rate) than unsecured debts [more...]

Date: 2009-01-08 08:18:32

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