Saturday, 14 August 2010

Can you get rid of debt for good?

Mike Thomas from MoneyWise magazine explains how mortgage lenders still recover their losses many years later, just when you think it's all over.

link to original article

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Friday, 13 August 2010

Wednesday, 11 August 2010

Wells Fargo loses consumer case over overdraft fees

The OFT (Office of Fair Trading) lost the case against the banks over bank charges, but this issue is still rumbling on in the US with a little more success for consumers (for now at least)

link to original article

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Friday, 6 August 2010

British Gas payout opens door to sue energy firms if they waste your time with bill blunders

Utility providers can cause a great deal of stress with administration blunders, in some cases plunging people into unexpected debt.

Having had some personal experience of such poor administration myself, I would agree with the article, always keep a comprehensive record of all dealings with large organisations - these records are the key factor in demanding financial redress at a later stage should matters deteriorate to this extent.

link to original article

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