Employers are currently being notified of the changes in which they should deduct student loan repayments from their employees salary. From April 6th the new changes will come into force. Up until now HM Revenue and Customs would send employers a notice (SL1 form) which advised them to start deducting payments 42 days after receiving [...]
Loans can either be secured or unsecured. A secured loan is tied to your house so if you can’t keep up with repayments then you might have to sell it. If you default on your unsecured loan then you just end up getting credit blacklisted so its not tied to anything but problems may arise [...]
The student loans company has admitted to giving access to its database to staff lacking knowledge of processes and administration rights. That what has lead to incorrect information and decline of user satisfaction. The infrastructure incident manager has put a plan into action to rebuild their system by implementing an IT service management system to [...]
The people of Sweden have seen a rise in something they call SMS loans. This text loan can be obtained by sending a text to one of up to 30 companies offering the unsecured loans. The average amount being borrowed is £245 with administration and interest fees amounting to £45. The problem is the fact [...]
The “credit crunch” which you may all be aware of is next going to be hitting hard on students who do not repay their student loans when a new government policy is put into place. As the picture above indicates some students are paying of their loans for many years.The average graduate can leave university [...]
The “Open Market HomeBuy” is a revamped scheme which is going to be offered by the government next month .It will give first time buyers a better chance of affording their new house. The scheme which was introduced back in October 2006 may now allow home buyers to take out a mortgage for 50% of [...]
It would appear that there are 5% fewer people planning to buy a car compared to last year and research shows that those who are going to buy will be spending less on new cars. Roughly £1,000 less will be spent on new cars compared to last year. On the other hand 25% more men [...]