Articles Published by erika bone

Erika has a degree in Politics and International Relations from Plymouth University and enjoys a great passion for interior design. Her articles focus mainly on insolvency and other personal finance issues. Erika is a Credit Analyst at checkmyfile

The Limitation Act 1980 and Debt Time limits

The majority of credit consumers believe that once a debt has been acquired, that debt will remain until the full balance has been cleared regardless of the length of time passed. This may not be the case though, thanks to a little-known piece of legislation known as the Limitation Act 1980.

Published on 19 Sep 2018 by Erika Bone

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Homeownership among 25 year olds halved in 20 years

Homeownership among 25 year olds has more than halved in the last 20 years, according to a survey conducted for the Local Government Association (LGA). The study carried out by Savilles the estate agents found that only 20% of 25 year olds now own a home of their own, compared to 46% in 1996.

Published on 5 Jan 2017 by Erika Bone

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The hidden costs of buy now pay later deals

Citizens Advice have warned that young people between the ages of 25 to 29 are being hardest hit by hidden clauses within “Buy Now, Pay Later” deals. Thousands of people are being faced with unexpected bills when they fail to meet the original terms and conditions of their buy now pay later agreements.

Published on 3 Jan 2017 by Erika Bone

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Banks not going far enough to combat fraud

Banks have been warned that they must start to do more to tackle scams where people are tricked into transferring money to a fraudster’s account. The Payment Systems Regulator (PSR) has stated this in a response to a “super complaint” lodged by the consumer group Which? but the Regulator did stop short of suggesting that the banks should compensate customers who had lost out.

Published on 21 Dec 2016 by Erika Bone

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First-time lenders can borrow against parent's home

In recent decades, the “bank of mum and dad” has increasingly become a cardinal resource for their offspring achieving independence and for first-time buyers attaining a foot on that all-important first rung of the property ladder.

Published on 9 Dec 2016 by Erika Bone

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Black Friday to overtake New Year sales

Over the past three years, Black Friday has taken the UK retail market by storm, with no sign of abatement for this year’s discount bonanza. But has this day of consumer overindulgence now grown to such an extent that it has surpassed the Christmas and January sales, Britain’s traditional period of frenzied buying?

Published on 25 Nov 2016 by Erika Bone

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Unarranged overdrafts cost up to 4x payday loan

An unarranged overdraft can cost you up to four times more than a payday loan, Which? has identified in its recent study conducted on unfair bank charges. The consumer watchdog has argued that these “punitive” unauthorised overdraft charges are opaque, indeterminable to calculate and causing harm to the most vulnerable of customers.

Published on 18 Jul 2016 by Erika Bone

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Section 75 under threat

June saw the 50th anniversary of the introduction of credit cards to the UK. During the 50 year period, the number of cards has continued to grow exponentially, with current statistics recording over 60m credit cards in circulation, relating to 51m accounts.

Published on 4 Jul 2016 by Erika Bone

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Age UK investigation into promoting higher energy tariffs

The Office of Gas and Electricity Markets (OFGEM) will shortly begin to investigate the assertion by the Sun Newspaper that Age UK have been endorsing unfavourable utilities offers in return for financial remuneration.

Published on 11 Feb 2016 by Erika Bone

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Buy to let regulation to increase

Over the coming months it is presumable that the UK Government and the Bank of England will be implementing a number strategies to effectuate stricter regulation of the buy-to-let property market.

Published on 22 Dec 2015 by Erika Bone

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