Marc Gander - The Consumer Survival Handbook


A 220 page introduction to all things consumer related by our own BankFodder.

Includes energy companies, mobile phone providers, retailers, banks, insurance companies,debt collection agencies, reclaim companies, secondhand car sellers, cowboy garages, cowboy builders and all the rest who put their own profits before you.

£6.99



Patricia Pearl - Small Claims Procedure - A Practical Guide


An excellent guide for the layperson in how to use the County Court - a must if you are intending to start a claim.

£19.99 + £1.50 (P&P)


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  1. #41
    Royalties Account Holder unclebulgaria67 Highly authoritative unclebulgaria67 Highly authoritative unclebulgaria67 Highly authoritative unclebulgaria67 Highly authoritative unclebulgaria67 Highly authoritative unclebulgaria67 Highly authoritative unclebulgaria67 Highly authoritative unclebulgaria67 Highly authoritative unclebulgaria67 Highly authoritative unclebulgaria67 Highly authoritative unclebulgaria67 Highly authoritative unclebulgaria67's Avatar



    Follow Real_CAG on Twitter
    Cagger since : Feb 2010
    Posts : 15,003 (5.37 post per day)

    Default Re: New economic storm coming ?

    I reckon it could happen next year in the middle of Brexit negotiations. It would not take much to spook markets and to see a sell off.


  2. #42
    Basic Account Holder tobyjugg2 Highly informative tobyjugg2 Highly informative tobyjugg2 Highly informative tobyjugg2 Highly informative tobyjugg2 Highly informative tobyjugg2 Highly informative tobyjugg2's Avatar



    Follow Real_CAG on Twitter
    Cagger since : Feb 2009
    Posts : 477 (0.15 post per day)

    Default Re: New economic storm coming ?

    https://www.theguardian.com/commenti...ersonal-credit

    "When Provident Financial lost 1.7bn in share value a little over a week ago, a handful of people asked whether this was a Northern Rockicon moment. The Provident extends high-interest loans to low-income people, and as such could be seen as a bellwether in the manner of a sub-prime mortgageicon company, the first to go under when debt becomes unbearable, the signal that credit is, once again, about to crunch."

    "Alex Brazier, executive director of financial stability at the Bank of England, warned last month that consumer loans had gone up by 10% in the past year, with average household debt having already eclipsed 2008 levels."


  3. #43
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    Follow Real_CAG on Twitter
    Cagger since : Feb 2010
    Posts : 15,003 (5.37 post per day)

    Default Re: New economic storm coming ?

    Quote Originally Posted by tobyjugg2 View Post
    https://www.theguardian.com/commenti...ersonal-credit

    "When Provident Financial lost 1.7bn in share value a little over a week ago, a handful of people asked whether this was a Northern Rockicon moment. The Provident extends high-interest loans to low-income people, and as such could be seen as a bellwether in the manner of a sub-prime mortgageicon company, the first to go under when debt becomes unbearable, the signal that credit is, once again, about to crunch."

    "Alex Brazier, executive director of financial stability at the Bank of England, warned last month that consumer loans had gone up by 10% in the past year, with average household debt having already eclipsed 2008 levels."
    Definitely signs of credit defaults starting to increase. The number of recent posts to CAGicon where people cannot afford to pay credit card bills. Several with credit card debts in excess of 50,000, between a husband and wife. Banks have issued cards over recent years with large limits, they have increased the limits automatically as balances increased and people have continued to spend/borrow using them.

    And recently it was announced that there was a record increase in amount added to credit cards. I think it was sonething like 16 billion added in a short period.


  4. #44
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    Follow Real_CAG on Twitter
    Cagger since : Feb 2009
    Posts : 477 (0.15 post per day)

    Default Re: New economic storm coming ?

    and just imagine what a rise in interest rates will do to them.

    https://www.theguardian.com/business...MCNEWEML6619I2

    QE is of course just money to money.



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