UK Prompt Payment Code Hypocrisy

It is a well known fact that cash flow problems are to businesses, what heart disease is to public health. Heart disease is the UK’s biggest killer and rightly so it has received much publicity and government support so it was encouraging to learn back in 2008 the that government were introducing the Prompt Payment … Read more

Consumer right protection in an open market economy

Globalization has an important effect on regional economies, societies and cultures. This is done by integrating a global network of societies, cultures and trade. The term is associated with economic globalization. There has been a positive effect on the development of third world nations. India, China has emerged as global powers in terms of consumer … Read more

When Banks are Left to Their Own Devices?consumers Get the Hosed

Desperate for money, Jack contacts a money guy referred by his cousin Jerry for a temporary loan. The “VIG” is 25% per week. This is excessive and is an example of loan sharking. This is a criminal act. The terms are clear and it’s all spelled out with verbal communication. Pay as agreed or else. … Read more

Paying Bills on Time and the Payment History Segment of the Credit Score

This is the breakdown of the FICO Score: -35% Payment History – 30% Amount Owed -15% Length of Credit History -10% New Credit -10% Types of Credit Used The Payment History section takes up the biggest portion of the score and that’s also the part that is sensitive to delayed payments, in fact, the better … Read more

What to Consider Before Availing Bad Credit Used Car Loans?

Quick Guidelines for Availing Used Car Loan with Bad Credit Individuals need credit facilities, and when they do, they usually go in for loans. Loan providers would be happy to provide the credit, however they do so to earn a profit. And, if the applicant does not have a good credit repayment record, the lenders … Read more