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

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New Year, new credit card

by James Noon The impact of the infamous ‘Credit Crunch’ of 2008 still has a grip on the UK economy as we head into 2009 ... credit card companies are only accepting people with good credit histories. So before you plan your 2009 ... an outstanding credit card balance onto a new card. This fee is normally around 3% of the total transferred [more...]

Date: 2009-01-14 20:12:54

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