Blog – Money Mole

BT have announced the cost of their call prices will be increased for the second time this year, making customer’s debt problems even harder to shift. The telecomms company have now made making calls over 30 per cent more expensive than they were six months ago, after they put up prices again. They have now [...]

Banks and building societies have been urged to cut their mortgage rates to help the debt management of customers, after the Libor rate fell below one per cent for the first time. The rate at which banks and building societies lend to each other, known as the Libor rate, dropped to the lowest level for [...]

Around ninety per cent of young adults said they feared debt problems, if they were to lose their jobs in the current economic climate. The study by the BBC found that 88% of adults aged between 25 and 34 years old, feared for their finances, saying it would be financially “very damaging” for them or [...]

After the weekend’s shocking news of Michael Jackson’s death, his debt management has come under the microscope as the lawyers unearth shocking debt problems. Following his swift exit, lawyers were set to divide his estate between his family and three children, but whilst sifting through his accounts huge debt problems have been discovered. It seems [...]

Train passengers have seen fares rise by up to 11%, causing worries about their debt management to grow. A critical report by MPs has slammed the franchised rail system, which it labels “perverse”, and claims that consumers are taken for granted. The privately owned rail franchises have upped ticket prices by up to 11% on [...]

It started off as just another immigration case. In August 1996 a man going under the name of Shaqa Shatri arrived in the UK with his tale of woe. He told immigration officials that he was a Kosovan refugee fleeing from the Serbs and that he wanted to come here to avoid persecution. Being the [...]

Times appear to be changing as the recession forces people to rethink their priorities, especially so in Iceland which has been hit so severely that the country is on the verge of bankruptcy. Surprisingly enough though, their situation is apparently leading to better times in Grimsby! Back in the 70’s relations between Iceland and Great [...]

It looks as if the Financial Services Authority is going to find that its plan for capping mortgage loans is going to meet with some fierce resistance from mortgage lenders who are already mounting a campaign against its proposals under The Turner Review. The FSA have said that they will look at capping loan to [...]

Will I ever get used to the double standards of this Government? The Competition Commission has ordered BAA to sell 3 of their 7 airports as their present holdings have caused a complete ‘absence of competition’ and are therefore detrimental to passengers and airlines in Scotland and the South East of England. BAA have been [...]

How times have changed, especially for the Californian capital, Sacramento. America has long been famed for its affluence and high standard of living, especially in the ‘Golden State’ of California, but all that is rapidly changing and nowhere is this more obvious than in Sacramento’s new suburb – Tent City! There are 300-400 people living [...]