Archive for August, 2009

31 Aug

Old mobile phones can fetch thousands

In fact it is a Motorola DynaTAC 8000X, regarded as the first true mobile phone - introduced in the US in 1983 and in Britain a couple of years later.
As their historic importance is re-evaluated, their values are soaring.
Market gardener and mobile collector Ian Reynolds, 42, of Caherciveen, County Kerry, co-owns vintagemobilephones.com and he [...]

30 Aug

Bad Barclays advice ruins couple’s finances

Edward, 60, had an income from his work as security manager for a charity so the couple were not unduly worried about income.
But they were cautious. This money was the sum total of their assets. They could not afford to lose any of it. They had never owned shares and were extremely nervous about [...]

30 Aug

Halifax plan massive branch closure

The move, which last night sparekd bitter criticism, would wipe out 550 small branches and 'agency counters' inside the offices of estate agents, solicitors and financial consultants. It would case huge job losses and intensify fears that the historic Halifax name may disappear completely. Altogether, the Halifax, once Britain's biggest building society, [...]

28 Aug

Kent: the ‘bankruptcy tourism’ capital

The two towns are being used as a settlement base for a German company, Insolvenz Agentur, which charges German bankrupts thousands of euro to help them resettle in the UK and file for bankruptcy under our comparatively lenient laws. It works with several estate agents in Kent to provide its clients, who [...]

28 Aug

Auto loans for people with poor credit

Many of you must be looking for some loans at lower interest rates to buy a new or used car. If you are already struggling with your present financial situation, you might need some kind of special financing to help you out. There are many ways of getting auto loans with bad credit and with [...]

27 Aug

Recovery on track as GDP fall reduced

A second reading of UK GDP data from the Office of National Statistics showed that output fell by 0.7% in the second quarter of this year, rather than 0.8%, which had been initially reported.
The cut to the fall in GDP was more than economists had been expecting. The figure was widely seen as remaining [...]

26 Aug

Facebook users in line for insurance hike

Experts from leading insurer Legal & General warn that parents could eventually see their premiums rise even if only their children are members of popular sites such as Facebook and Twitter.
Many of the millions of users of these sites post details about their home, whereabouts and holiday plans on them - effectively an invitation [...]

25 Aug

New rules get full refunds on disputed bills

The new rules under the EU's Payment Services Directive apply to transactions where the card holder does not know what the eventual bill will be. They could see them gain the whole bill back - not just any overpayments or disputed amounts. The refunds will be much higher than those currently [...]

24 Aug

Building societies face grim future, warns KPMG

It believes further defensive deals are 'inevitable' in the UK's mutual sector due to spiralling losses from soured loans.
The taxpayer-sponsored rescue of the Dunfermline Building Society is just one of six mutuals to have been swallowed up since last year.
KPMG warned that profits margins are likely to continue sliding over the coming year due [...]

24 Aug

Homebuyer rise points to house price gains

But with mortgage criteria still tough and a lack of supply cited as the driving factor behind recent house price rises, economists warn the market could fall again next year. The number of homeloans approved for buyers rose by 7.5% to 38,181 in July: 28.5% higher than the six-month average and 77% higher [...]

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