Moneynet Warns Government Intervention Is Insufficient Against Loan Sharks
(ContentDesk) October 12, 2005 -- New government proposals to protect vulnerable families from the clutches of loan sharks are hopelessly misguided, according to online data financial comparison site Moneynet.co.uk.
The Government announced new savings plans last week which are designed to encourage the financially-disadvantaged to start saving, by raising the threshold on which they would pay tax.
This move was designed to discourage households with the lowest incomes from borrowing from loan sharks.Richard Brown, Chief Executive of moneynet, did not believe the measure would be effective until statutory legislation was in place to control rates charged for credit.
We do not believe that these initiatives to encourage savings will help the poorest in the community to avoid the sharks, he warned.
The most vulnerable families do not have spare cash to save and will unfortunately always be in danger of falling prey to fringe lenders unless a system of statutory control is introduced. But Brown also reminded consumers that it is not just the grubby backstreet sharks charging unacceptably high rates, too many of the major High Street names are levying rates more than twice those on offer from the most competitive lenders.
The base rate is just 4.5 per cent so what can the justification be for charging up to three times that amount for personal loans and other services? Store card charging structures also need to be radically reformed.
The worst offenders are invariably some of the most prominent names on the high-street, and government watchdogs need to properly show their teeth and crack down on these rip off rates otherwise some of the biggest names in the UK retail market will continue to make enormous profits from rates, sometimes in excess of 30 %, added
Brown.Moneynet introduced a downloadable loans guide ( http://www.moneynet.co.uk/personal-loan-guide/index.shtml ) for consumers earlier this year in response to consumer confusion over loans and credit borrowing.About moneynet:Moneynet.co.uk ( http://www.moneynet.co.uk ) is the UKs most established personal finance research and data website.
The company offers consumers a wide range of low cost financial products: from mortgages and personal loans; to car, home and medical insurance; credit cards; savings accounts and best-buy fixed rate products.
Moneynet.co.uk is an ethical, impartial and comprehensive source of consumer finance information, covering the whole of the personal finance sector.Moneynet was founded in 1997 by Chief Executive Richard Brown to simplify the personal finance market and provide consumers with impartial and interactive information on financial products and services.Press and consumer enquiries:MoneynetContact: Richard Brown, Chief ExecutiveTelephone: 0208 313 9030E-mail: e-mail protected from spam botsWeb: http://www.moneynet.co.ukPress distribution by bigmouthmediaContact: Rachel LaneTelephone: 0131 561 2251E-mail: e-mail protected from spam botsWeb: http://www.bigmouthmedia.com.
Cyberbegging - New Wave 2003
Cyberbegging - New Wave 2003============================NEW YORK(Reuters) -- Need to pay down credit card debt? Desperate for money for music lessons? Simply tired of working and too embarrassed to stand on the corner with a tin cup? Try "cyberbegging." For some, the clicks in their cyberpails are starting to add up. Karyn Bosnak, for example, paid off $20,000 in credit card debt -- accumulated from her life in New York -- last month, after Web strangers contributed more than $13,000 to her cause, according to her Web site (http://www.savekaryn.com). Now that she has paid off her debt, Bosnak is passing the buck, and directing Web surfers to other cyberbeggars such as an aspiring opera singer trying to pay for voice lessons and college loans (http://www.saveelaine.com). Along the way, Bosnak has parlayed her new-found fame into talk show appearances and a reported book deal. Hunt for cash grows===================Yahoo started a "begging" category with four sites in 1996.
But the...
Cyberbegging - New Wave 2003
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Lawsuit Settlement Funding
The concept of Lawsuit Settlement Funding proves extremely beneficial to people who do not have the requisite funds to fight their personal injury lawsuit cases. Consider a situation when you find at the receiving end of racial discrimination at the workplace, or have been unceremoniously thrown out of a job, and you don't have the finances to go to court to fight for your rights. It is here that pre-lawsuit funding companies enter into the picture. They provide the required funds to the injured person, who then has to pay a certain percentage to the funding company on winning the case. It is important to point out that this funding is non-recourse funding.
This means that you don't have to pay anything if you lose the case.
Given the amount of risk involved, the fees are significant. The process works in the following manner. The injured person contacts a Lawsuit Settlement Funding company to discuss the details of the case. The company then contacts the injured...
Loans > Lawsuit Settlement Funding
Lincoln Mortgage Gets Involved With "Family Care" Initiative
Saint Paul, Minnesota (ContentDesk) November 19, 2005 -- The families of military personnel often need help sorting out the day-to-day finances while one spouse
is deployed.
Often times the deployment can last several months, during this period the staff at Lincoln Mortgage, a Minnesota based mortgage broker, will be there to help these families make good financial decisions.Recently, the spouse of a deployed soldier called Lincoln Mortgage to inquire about her escrow amount shortage.
The staff at Lincoln Mortgage explained to her that her insurance and taxes have increased during the last year so that her current lender needs additional funds to pay for her upcoming taxes and insurance.Beyond pure financial advice and mortgage statement evaluation, some of the staff at Lincoln Mortgage have volunteered to be handymen for the day.
These members undertake such tasks as fixing a leaky sink, or fastening loose deck boards.
Sometimes it helps...
Loans > Lincoln Mortgage Gets Involved With "Family Care" Initiative
Take the Help of Nissan Dealer New York to Buy Your Dream Car
Are planning to invest money in buying your dream car? Buying your first car with your own money is a very special feeling. Nissan is one of the major manufacturers of car in the United States. Cars made by Nissan are increasingly finding favor among the public. There are many Nissan dealers in New York who can assist you in buying your car. Car dealers are plenty in number and all you need to do is find out the best car dealers in your city who will be able to help you in buying the best cars....
Take the Help of Nissan Dealer New York to Buy Your Dream Car
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GiveSmart Webmail Raises Charitable Funds Through Normal Email Use
Pleasanton, CA (ContentDesk) April 10, 2006 -- GiveSmart.com", a free consumer Web portal that generates funds for charitable organizations through an Internet user's normal daily Web activity, today announced the availability of GiveSmart Mail. GiveSmart Mail, an email system currently available to consumers, provides the same functionality as popular email services such as AOL, GMail, Hotmail and Yahoo! Mail, but offers the added benefit of raising funds for the users charitable organization...
Moneynet Warns Government Intervention Is Insufficient Against Loan Sharks Loans GiveSmart Webmail Raises Charitable Funds Through Normal Email Use
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Moneynet Warns Government Intervention Is Insufficient Against Loan Sharks fitness
Baby Clothes You Can Use All Year
Few things seem more important at a baby shower than duckies, monkeys and theme colors. Once you get the baby home though, the most important thing about baby clothes is how well they protect your baby. Depending on the time of year that your baby is born, and the type of climate you live in, there are a variety of concerns to take into consideration for your baby's very sensitive nature.For summer babies, or babies in warm climates, overheating is not the only concern. A baby's skin is incredibly...
Baby Clothes You Can Use All Year socks Moneynet Warns Government Intervention Is Insufficient Against Loan Sharks Loans
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Substance Abuse, Drug Addiction ? Alcoholism, Heroin, Cocaine, Meth-Amphetamine: A Practice Contributing to HIV Infection in Women by Rachel Hayon, MPH
Intravenous Drug Use (IDU) is known to be a major risk for HIV (Human Immunodeficiency Virus) infection. Drug use is also responsible for about 60% of hepatitis C cases [1. IDU can also put the user's partner at higher risk to contract HIV/AIDS. The percentage of AIDS (Acquired Immunodeficiency Syndrome) cases among women in the United States has more than tripled, from 7% in 1985 to 23% in 1998 [2. Close to two-thirds of the reported female AIDS cases have been found among African-Americans...
Substance Abuse, Drug Addiction ? Alcoholism, Heroin, Cocaine, Meth-Amphetamine: A Practice Contributing to HIV Infection in Women by Rachel Hayon, MPH hearing aids Moneynet Warns Government Intervention Is Insufficient Against Loan Sharks
Loans > Substance Abuse, Drug Addiction ? Alcoholism, Heroin, Cocaine, Meth-Amphetamine: A Practice Contributing to HIV Infection in Women by Rachel Hayon, MPH