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News And Opinion

Articles Recently Posted

98 pc of first time buyers take up repayment mortgages

Latest figures from the CML reveal a large spike in house purchase activity and a record number of first time buyers taking repayment mortgages

Posted 17 May 2012 by

Barry Stamp

 in 

Mortgages

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Sainsbury Bank loan offer under fire by Which?

A simple price promise is labelled as a potential gimmick by the Consumers' Association, but the underlying argument is fatally flawed

Posted 15 May 2012 by

Barry Stamp

 in 

Personal Finance

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Yahoo! chief exits after discrepancy found on his CV

Scott Thompson said he had a degree in accounting and computer science, but it was actually in accounting. That lost him his job. Similar small lies on credit applications can be similarly damaging.

Posted 14 May 2012 by

Barry Stamp

 in 

Personal Finance

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Mortgage arrears and reposessions level off

The latest figures from the CML show a welcome change in the trend of those in trouble with their mortgages. Fewer should now lose their homes than expected.

Posted 11 May 2012 by

Barry Stamp

 in 

Mortgages

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Section 75 complaints rise to 1,000 per week

In its latest report the Financial Ombudsman says that section 75 claims are increasing alongside better consumer awareness.

Posted 9 May 2012 by

Barry Stamp

 in 

Personal Finance

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Cash machines to accept charity donations

12,000 ATMS are being converted to enable individual charity donations, but smaller, regional charities may lose out

Posted 8 May 2012 by

Barry Stamp

 in 

Banking

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SOCA website brought down by hacktivists

Following on from SOCA's success in shutting down over 30 rogue websites, SOCA suffers another major DDoS attack

Posted 4 May 2012 by

Barry Stamp

 in 

Identity Theft

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The straw that broke the ICO's back

A relatively minor data breach has resulted in a £70,000 fine for an NHS authority, giving a very clear message to other NHS trusts and authorities

Posted 3 May 2012 by

Barry Stamp

 in 

Identity Theft

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1 in 4 PPI claims are fraudulent, says bank chief

Could this attack on mis-sold PPI claims management company result in some consumers being added to fraud blacklists?

Posted 2 May 2012 by

Barry Stamp

 in 

Banking

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Fraud outfit CIFAS sees massive leap in identity theft

Identity fraud up 40% in first quarter of 2011 and account takeover frauds up 86% says CIFAS, the UK Fraud Prevention Service

Posted 27 Apr 2012 by

Barry Stamp

 in 

Identity Theft

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ICO says one in ten used PCs contains personal data

The ICO buys loads of gear from eBay which results in new guidance from the ICO on how to remove sensitive data from PCs and other devices

Posted 27 Apr 2012 by

Barry Stamp

 in 

Identity Theft

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Interest rate mis-selling allegations hot up

An cross-party meeting of MPs has looked at the alleged mis-selling of interest rate swaps, collars, caps, hedges and fixed rates to small businesses

Posted 26 Apr 2012 by

Barry Stamp

 in 

Banking

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Do women pay more than men for credit?

A comprehensive study says yes they do, by 0.5%, but they are also more likely to borrow on their credit cards

Posted 25 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Get your next iPad with a loan from Zopa

Borrowing for gadgets such as iPads, cool phones and stereo systems becomes feasible as Zopa introduces more flexible repayment periods

Posted 25 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Getting rid of Japanese Knotweed

Invasive Japanese Knotweed has been likened to Payday Loans by the MP who is looking to cap the cost of credit charged by payday loan companies

Posted 24 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Pub owners under severe financial stress

The number of pub owners in a critical financial state almost doubled last quarter - no wonder 50 pubs a week are closing for good

Posted 24 Apr 2012 by

Barry Stamp

 in 

Credit Crunch

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PPI victims are being swindled twice

New study says if consumers use claims management companies to help with a simple claim they are being swindled out of a quarter of the proceeds

Posted 23 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Think you're safe on a tracker mortgage?

Think again. Unscrupulous mortgage lenders could exploit little-known term in mortgage agreement to impose unwelcome hike in rates

Posted 23 Apr 2012 by

Barry Stamp

 in 

Mortgages

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Average holiday spend falls to £1,831

Use the wrong credit card on holiday and that figure could rise by another £55. We show how to keep costs down

Posted 20 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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It's a stick up

Glue a shrunken credit card to the back of your smart phone and hey presto! You've got PayTag....

Posted 20 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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One in five claims management companies disappear

The Ministry of Justice says that it has received almost 10,000 complaints about claims management firms - 734 left the business in 2011

Posted 19 Apr 2012 by

Barry Stamp

 in 

Banking

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Mortgage fraud levels increase for fifth consecutive year

The number of applicants telling lies on mortgage application forms has now doubled since 2006

Posted 19 Apr 2012 by

Barry Stamp

 in 

Mortgages

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Court rules store card debt unrecoverable

Could the floodgates be opened by vexatious claimants trying to avoid store card debt? We look at the issues

Posted 18 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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American Express approves new fraud system

The HomePay system from Secure Trans will be used to help prevent card not present fraud on purchases made from home or on mobile platforms

Posted 18 Apr 2012 by

Barry Stamp

 in 

Identity Theft

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New finance company to lend for green projects

Reenergise Finance is set to launch this summer to give loan finance for wind turbines, solar, heat pumps and other green things

Posted 17 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Social lender Zopa strikes first profit

Seven years after launch, the king of social lending, Zopa, announces a welcome move into profitability in its annual accounts

Posted 17 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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New website to promote credit unions

Smarterbuys is due to launch today, promoting the merits of borrowing from local credit unions as a viable alternative to traditional lending sources

Posted 16 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Negative equity report shows 'it's bad up North'

Standard & Poor's report says 5.6% of us are in negative equity, but the North of England is suffering most of all

Posted 16 Apr 2012 by

Barry Stamp

 in 

Mortgages

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Pay day loans still rocketing ahead

Finding the best pay day loan is not easy given the amount of choice - and the regulators are trying to weed out the bad guys

Posted 13 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Top identity theft prevention tips

See our top tips to prevent identity theft - taken from our industry acclaimed handbook - Identity Theft Prevention and Victim Assistance - available on Kindle

Posted 13 Apr 2012 by

Barry Stamp

 in 

Identity Theft

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Encash - a new social lender - to launch soon

The founders of Yes-Secure are to launch a sister service aimed at the same customers as market leader Zopa.

Posted 12 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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More intensive credit checks available to employers

Candidate screening firms are now offering more than just basic public credit reports. What can your employer see about you?

Posted 12 Apr 2012 by

Barry Stamp

 in 

Credit Reports

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Quick Tap contactless system for Android phones

Orange reveals that if you have a certain type of Android phone, you'll be able to pay for your Big Mac with it

Posted 11 Apr 2012 by

Barry Stamp

 in 

Identity Theft

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Apple Mac users under ID theft attack

600,000 Macs have been infected by the Flashback Trojan botnet which steals personal information and passwords

Posted 11 Apr 2012 by

Barry Stamp

 in 

Identity Theft

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Understanding bank interest rates quoted to businesses

The BBC recently highlighted a long established family firm that is suffering severe financial pressure because they didn't understand what they were committing to

Posted 10 Apr 2012 by

Barry Stamp

 in 

Banking

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RICS reports gentle improvement in housing market

New buyer enquiries up 9%, prices down a little, and good weather. Signs of the beginning of a recovery?

Posted 10 Apr 2012 by

Barry Stamp

 in 

Neighbourhood

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Post-intercepting identity thief jailed

Caught on camera by the victim, but even with irrefutable evidence, the police were reluctant to investigate. But rare as it is, we welcome a prosecution.

Posted 5 Apr 2012 by

Barry Stamp

 in 

Identity Theft

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Time to swap old cards for new

Use a little time over the Easter break to switch to new credit cards to save on average £400 per annum

Posted 5 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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Big Society Capital bank launches with £600m to lend

£400m of which is your money that you've forgotten about. But to be fair, the government is pumping in £100m to alternative sources of finance

Posted 4 Apr 2012 by

Barry Stamp

 in 

Personal Finance

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House prices rise against all expectations

Latest figures from the Halifax for March 2012 show a 2.2% increase in house prices, against all expectations and in contrast to other surveys.

Posted 4 Apr 2012 by

Barry Stamp

 in 

Neighbourhood

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Time to change your PayPal password

UK hacker uses Trojans to hack 200,000 PayPal accounts

Posted 3 Apr 2012 by

Barry Stamp

 in 

Identity Theft

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Not so Cooperative movement in mortgage rate hike

Another lender jumps on the bandwagon after Halifax. Despite 3 year low base rates, some lenders still see the need to hike mortgage costs

Posted 3 Apr 2012 by

Barry Stamp

 in 

Mortgages

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Big Brother is watching you

We look at the government's plan to monitor emails, web activity, texts and phone calls, and whether this will extend to credit reports

Posted 2 Apr 2012 by

Barry Stamp

 in 

Identity Theft

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MasterCards at risk of being cloned

A break in at a card processor has resulted in sufficient personal details being obtained to enable fraudsters to clone MasterCards

Posted 2 Apr 2012 by

Barry Stamp

 in 

Identity Theft

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Annual credit card statements on their way

See what you've spent, where you've spent it and in particular how much interest you've paid and you'll be prompted to switch to a new 0% balance transfer deal

Posted 30 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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New evidence of credit tightening

Bank of England reports that lenders will ration loans by tightening credit criteria despite expected increase in demand from consumers and lower defaults

Posted 30 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Credit repair and debt firms warned about using Google

OFT says credit repair and debt management firms may not be able to get the appropriate warnings across on search engine marketing or via social media

Posted 29 Mar 2012 by

Barry Stamp

 in 

Credit Reports

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Slow start for government NewBuy scheme

Only 3 lenders offer the NewBuy 95% mortgage scheme. We ask where are the other 200? And why aren't the terms better than they are?

Posted 29 Mar 2012 by

Barry Stamp

 in 

Mortgages

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FSA fails to impose fines on two credit unions

Severe breaches such as lending to directors at cheap rates, and lending three times more than the permitted maximum, just get a wrist slap

Posted 28 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Interest only mortgages at RBS tightened up

One borrower must now earn over £50,000 pa to qualify for a new interest only mortgage. We don't think that rule can be held for those in distress.

Posted 28 Mar 2012 by

Barry Stamp

 in 

Mortgages

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LinkedIn users most at risk of identity fraud

According to a study from Javelin, users of LinkedIn are at more than twice the risk of falling victim to ID crime

Posted 27 Mar 2012 by

Barry Stamp

 in 

Identity Theft

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Coutts fined again for not checking blacklist

For the second time in less than 2 years, the Queen's bankers get whacked with a massive fine from the FSA for not doing their homework on new customers

Posted 27 Mar 2012 by

Barry Stamp

 in 

Banking

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Contactless credit card data not encrypted

Urgent investigations are under way following claim by mobile phone security company that personal data can be extracted easily from contactless cards

Posted 26 Mar 2012 by

Barry Stamp

 in 

Identity Theft

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Callcredit sets up in Lithuania

A new development and servicing operation in Kaunas, Lithuania, could help Callcredit reduce its operational costs and taxes

Posted 26 Mar 2012 by

Barry Stamp

 in 

Credit Reports

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Consumers continue to pay down debt

The latest figures from the BBA show that the total that consumers have borrowed by way of loans has declined constantly over the past three years

Posted 23 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Buying stuff from overseas on your card?

Whether for business or personal use, choosing the right card can save you 3% on all transactions abroad

Posted 23 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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7 consecutive months of increases in mortgage lending

The market may be as flat as a pancake, but there are small signs of gradual, gentle increases in lending activity

Posted 22 Mar 2012 by

Barry Stamp

 in 

Mortgages

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Student Loans Company apologises for data breach

An email to 8,000 students reveals the email addresses of all other recipients.

Posted 22 Mar 2012 by

Barry Stamp

 in 

Identity Theft

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Employment vetting

Employers are undertaking much more rigorous testing of employees in current market conditions - in many cases including credit checks. We explain.

Posted 21 Mar 2012 by

Barry Stamp

 in 

Credit Reports

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Nationwide seeks 50 per cent deposits for interest only mortgages

Further tightening of the mortgage market reflects lack of confidence on future property prices

Posted 21 Mar 2012 by

Barry Stamp

 in 

Mortgages

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Sensitive personal data for sale - 2p a shot

Sunday Times sting captures rogue employee of Indian call centre offering credit card details of Brits for sale

Posted 20 Mar 2012 by

Barry Stamp

 in 

Identity Theft

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HSBC shuns new National Loans Guarantee Scheme

A perfectly understandable commercial decision or a result of not being convinced by its benefits. We examine HSBC's likely reasoning.

Posted 20 Mar 2012 by

Barry Stamp

 in 

Credit Crunch

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Experian launches new renter database

Landlords will now be able to check the payment history with previous landlords

Posted 19 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Cyber crime victims don't care..

..about where criminals are attacking from, but do car about how they can be stopped, according to Foreign Office mandarin

Posted 19 Mar 2012 by

Barry Stamp

 in 

Identity Theft

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Checkmyfile in tune

Top Californian hip-hop star Yung Dangle releases 'Check My File' on YouTube

Posted 16 Mar 2012 by

Barry Stamp

 in 

Neighbourhood

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What social class are you?

AB1 or E? Check out which socio-economic grouping your postcode is classified within

Posted 16 Mar 2012 by

Barry Stamp

 in 

Neighbourhood

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Defective breast implant victim gets money back

Using valuable rights under Section 75 of the CCA, a £3,700 claim was settled in just three months

Posted 15 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Using Trip Advisor to book your holiday?

Then make sure that you pay with one of these little babies, or you could end up paying more than you bargained for

Posted 15 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Virgin Money increases interest rate by 50pc for riskier customers

Top rated card company is reviewing the risk profile of its existing cardholder base

Posted 14 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Company directors can protect privacy of home address

UK post scanning service provides the ability to lodge a service address at Companies House

Posted 14 Mar 2012 by

Barry Stamp

 in 

Identity Theft

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More banks raise standard mortgage rates

Bank of Ireland, Clydesdale Bank and Yorkshire Bank jump on the bandwagon

Posted 13 Mar 2012 by

Barry Stamp

 in 

Mortgages

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Live now, pay later

Three in ten people give no thought to how they will pay their way in retirement. Many who do, don't plan carefully enough

Posted 13 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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NewBuy scheme launches today

We look at whether the NewBuy scheme, backed by housebuilders' cash and government promises, will deliver

Posted 12 Mar 2012 by

Barry Stamp

 in 

Mortgages

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New business peer-to-peer lender

Thincats offers small and medium sized enterprises the chance to borrow from the man in the street

Posted 12 Mar 2012 by

Barry Stamp

 in 

Banking

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Filling in a product registration card?

Find out what your answers are used for, and whether you can skip personal questions to maintain your privacy

Posted 9 Mar 2012 by

Barry Stamp

 in 

Identity Theft

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Barclaycard gives consumers better protection

We explain how Barclaycard holders have better control over recurring transactions authorised on their cards

Posted 9 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Loan Guarantee Scheme to help small businesses

But if past loan guarantee schemes are anything to go by, it’ll be fatally flawed

Posted 8 Mar 2012 by

Barry Stamp

 in 

Credit Crunch

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Do you know your APRs from your LBOs?

New research says 40% are confused by credit jargon and TLAs (three letter abbreviations)

Posted 8 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Ultimate loser in PPI scandal may well be you

No one seems to have twigged yet how this will all pan out.

Posted 7 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Fraudsters move back to simple crimes

Telephone banking fraud and counterfeit cheque losses are up, but all other types of fraud are significantly down

Posted 7 Mar 2012 by

Barry Stamp

 in 

Identity Theft

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Identity fraud may be closer to home than you think

Around half of all identity fraud is committed by someone close to you – a family member or a workmate. Trust no one.

Posted 6 Mar 2012 by

Barry Stamp

 in 

Identity Theft

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Surprise move as Halifax increases mortgage rate

The big question being asked by credit professionals is why now?

Posted 6 Mar 2012 by

Barry Stamp

 in 

Mortgages

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Small businesses still struggling to get credit

60 per cent of applications for overdraft facilities from new companies are turned down and one third of loan applications from established companies are declined

Posted 5 Mar 2012 by

Barry Stamp

 in 

Banking

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One in five of us are borrowing to eat

A survey by the Consumers’ Association reveals how tight our finances have become

Posted 5 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Almost half of Zopa loans have been repaid early

The lack of repayment penalties on Zopa Loans has encouraged many borrowers to repay early, despite relatively low interest rates

Posted 2 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Fraud checking database Hunter gets makeover

One of the fraud prevention database systems that catches out lies on credit application forms has been enhanced

Posted 2 Mar 2012 by

Barry Stamp

 in 

Credit Reports

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7 per cent of credit card debt written-off

Bank of England figures reveal level of write-offs of bad debts in 2011

Posted 1 Mar 2012 by

Barry Stamp

 in 

Personal Finance

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Over 60s under increasing financial pressure

A new quarterly analysis from the Consumer Credit Counselling Service reveals that debt counselling requests from the 60+ age group have increased significantly

Posted 29 Feb 2012 by

Barry Stamp

 in 

Dealing with Debt

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NFC Smartphones to get payment capability

Coming soon – your smartphone becomes a prepaid credit card, courtesy of Vodafone and Visa

Posted 28 Feb 2012 by

Barry Stamp

 in 

Personal Finance

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50 payday loan companies to be investigated

The OFT sets its sights on payday loan companies…

Posted 28 Feb 2012 by

Barry Stamp

 in 

Personal Finance

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HSBC turns in good profits world wide

Customer satisfaction survey topper First Direct contributes to £1.5bn of profits from the bank's UK operations

Posted 27 Feb 2012 by

Barry Stamp

 in 

Banking

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Signs of relaxation in the UK mortgage market

Mortgages for house purchase and remortgages are both up according to CML figures, and there are signs of easier lending too...

Posted 27 Feb 2012 by

Barry Stamp

 in 

Mortgages

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How mortgage repossessions are reported

The UK has one of the most sophisticated credit reporting systems in the World. We look at how the reporting of mortgage problems has evolved over time

Posted 27 Jan 2012 by

Barry Stamp

 in 

Mortgages

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Keeping a low profile

How to stop your personal details from being bandied about all over the internet and elsewhere. Improve your privacy and protect your family security

Posted 27 Jan 2012 by

Barry Stamp

 in 

Identity Theft

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Can too many searches damage your credit rating?

A Ferrari and more than £500,000 borrowed in 4 weeks says not.

Posted 26 Jan 2012 by

Barry Stamp

 in 

Credit Reports

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The things that lenders can check and you can't

Don't think for a moment that when a lender assesses your credit application that your credit report is the only thing being checked out.

Posted 26 Jan 2012 by

Barry Stamp

 in 

Credit Reports

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Are you a walking advert to burglars?

Read our travel tips on how to reduce the risk of falling victim to burglary or identity theft while away on holiday

Posted 25 Jan 2012 by

Barry Stamp

 in 

Identity Theft

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Does paying off a judgment help a credit rating?

What difference does it make if a judgment is paid off and satisfied? Does it come off a credit report? How do lenders view a satisfied judgment? We tell all

Posted 25 Jan 2012 by

Barry Stamp

 in 

Credit Reports

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When can other people affect your credit rating?

We look at financial associations, where they come from and how to check for financial associations on your credit report

Posted 24 Jan 2012 by

Barry Stamp

 in 

Credit Reports

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Sex discrimination and racial bias in credit assessment

One of the advantages of credit scoring is that assessment is fair and free from bias. But women lose out. Read why.

Posted 24 Jan 2012 by

Barry Stamp

 in 

Credit Score

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