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Britons face 'lifetime of debts'
It could take 77
years on average for people asking Citizens
Advice for help with debt to get back into the
black, a report from the charity has said.
This is because
most of those asking the charity for help with
debt were on just half the national average
income.
more info
OFT
wins credit card cover appeal
The Court of Appeal
has said credit card guarantees do cover items
bought overseas, reversing an earlier ruling.
The decision backs an appeal by the Office of
Fair Trading (OFT) concerning Section 75 of the
Consumer Credit Act.
Under this rule, shoppers can claim against the
card issuer if a purchase is unsatisfactory or
faulty, or if the seller refuses to compensate
them.
The OFT appealed after the High Court decided in
2004 that Section 75 did not apply to foreign
purchases.
The rule applies to anything bought between the
value of £100 and £30,000.more info
Avoiding the hidden pitfalls and traps of
certain types of Debt Consolidation
“Debt
Consolidation”. Wow what a great phrase. Great,
wonderful, fantastic, all my financial problems
solved in one easy telephone call. Now I can
look forward to the Postman arriving without
dreading the contents of the next envelope!
Or can I?.....
more info |
