Ziki - Irena Kralj's last published content

Court Records - Legal Humor - Part 3

Sun, 20 Jun 2010 15:15:00 +0200

Court Records - Legal Humor - Part 2

Sat, 19 Jun 2010 15:12:00 +0200

Court Records - Legal Humor - Part 1

Fri, 18 Jun 2010 15:15:18 +0200

Moneylending and the Law - 9

Sun, 30 May 2010 18:26:00 +0200

Moneylending and the Law - 8

Sun, 30 May 2010 18:18:00 +0200

Moneylending and the Law - 7

Sun, 30 May 2010 18:12:00 +0200

Moneylending and the Law - 6

Sun, 30 May 2010 18:07:00 +0200

Moneylending and the Law - 5

Sat, 29 May 2010 17:59:00 +0200

Moneylending and the Law - 4

Sat, 29 May 2010 17:50:00 +0200

Moneylending and the Law - 3

Sat, 29 May 2010 13:34:00 +0200

Moneylending and the Law - 2

Fri, 28 May 2010 18:24:09 +0200

Moneylending and the Law - 1

Fri, 28 May 2010 18:23:58 +0200

Legal Dictionary: B

Fri, 14 May 2010 22:39:44 +0200

Legal Dictionary: A

Thu, 13 May 2010 08:08:40 +0200

Asbestos Lawyer

Sat, 08 May 2010 21:29:20 +0200

Types Of Lawyers

Sat, 08 May 2010 21:24:40 +0200

Types of Legal Practice

Sat, 08 May 2010 12:26:21 +0200

Types Of Law Careers

Sat, 08 May 2010 12:23:05 +0200

What to Do After Getting into a Car Accident

Fri, 07 May 2010 01:20:44 +0200

New Credit Card Measures

Thu, 06 May 2010 22:43:27 +0200

New Credit Card Measures: How They Affect You

Credit card customers have been given a boost after new rules to protect them from unfair treatment were launched today (15 March, 2010).

The best news among the measures is a change in what banks call the allocation of payments. Previously, many lenders had used customers' payments to write off the cheapest debts on their credit card first - meaning that more expensive debts were allowed to mount up. However, today's change will bar this practice, which at present affects around a quarter of all credit card accounts.

Under the new regulations agreed between the credit card industry and government, the minimum monthly amount that credit card customers have to pay back will also increase to cover all interest fees and charges, plus 1 per cent of the principal borrowing. The aim of this is to discourage borrowers from allowing expensive debts to build up.

How this affects you

Here's the lowdown of the main changes and how you will be impacted:

• You will now always pay off your most expensive debt first. Previously, many lenders had sneakily allowed consumers to pay off cheap debt first, allowing them bigger earning on interest
• New credit card customers will have a minimum payment that will cover at least interest, fees and charges, plus 1 per cent of the principal. This will not be an increase for many customers, who may already have minimum payments above this level, but is aimed at encouraging borrowers to change their repayment behavior
• If you regularly repay the minimum on your card, you will be reminded that this is the most expensive way of paying off your debt
• You will have a 30-day ‘opt out' period for any increase in the credit limit on your card.
• Existing debts will have a 60-day notice period before any increase in interest rates occurs.
• A ban on offering unsolicited credit to people in financial difficulties

A baby step forward

The proposals have been greeted with a largely lukewarm response from pressure groups, with Credit Action, a consumer debt charity, describing them as "baby steps in the right direction".

Chris Tapp, director of the charity, said that "there is much more that could have been done by the government to really, fundamentally, overhaul the way the credit card market works". He also indicated that greater movement, in particular, could have been made on minimum payment levels.

According to the UK Cards Association, around 3 per cent of credit card customers pay the minimum amount for 12 consecutive months - so today's measures will go some way to cutting debt levels for credit card customers. However, Tapp suggested that lenders should be forced to take further actions by clearly outlining how much more such action costs customers on each bill.

Will it cost us all more down the line?

While the news has generally been well received by credit card companies, it is likely that the additional cost to the industry will have to be made up somewhere - and that could well mean that consumers end up paying the price further down the line.

Joanne Garcia, head of credit cards at Confused.com, noted: "It's great to see credit card providers agreeing to treat their customers more fairly and encourage them to be more in control of their finances.

"However, customers may end up paying in the long run as the cost of these changes are likely to see another nail in the 0% balance transfer card coffin."
For more information about credit cards visit confused.com.

Source: ArticleTrader.com: Sarah Maple, 14 Apr 2010

Personal Injury Law and Solicitors in UK

Thu, 06 May 2010 22:35:49 +0200

Options to borrow money

Wed, 05 May 2010 01:59:46 +0200

Before deciding where to borrow money to finance your purchase, you should obtain quotes from a number of possible options. Do not sign a contract before reading it very carefully and understanding all its provisions.

Some of the options available to borrow money

Credit card
Good idea if you pay your bill in full each month. Interest rates are quite high and if you are late with a payment fees can be prohibitive and it's very easy if your credit limit is raised to a high figure to get into bad debt.

Personal loan
Personal loans can be a sensible way to borrow a substantial sum over one to five years. But due to using no security the rate for unsecured personal loan will be higher than a secured loan.

Hire Purchase
Rates are quite high and you do not own the purchase until the loan is fully paid off

Bank Account Overdraft
Flexible for short term borrowing Often include a fee on top of quite high Interest Rates

Store card
Some store cards charge a very high rate of interest, up to double the rate of other forms of credit

Interest free store credit
If you have the option then a great idea but remember if you are late with a payment or do not pay off in the free interest period the charges and interest rates will wipe out any savings you may make.

Home Shopping Catalogue
Some of the highest rates in the industry but if they are running a special offer with interest free for a set period can be a great way to buy Xmas presents interest free

Secured loan
If you have built a high credit card debt or other loans or wish to buy a large ticket item or home improvements is a sensible way to borrow as due to you providing security for the loan the interest rates are lower. (If you don't keep up the repayments of any loan secured on your home you could end up losing your home).

How to Choose What is best for you
The options often depend on your credit rating and even with the same type of loan you can get different rates from different companies so use a credit loan calculator to help.

Also always read the small print on any agreement you sign and I would also advise checking the company you are borrowing from is reputable.

Check the Annual Percentage Rate (APR) on any loan offered and work out how much you will have to pay back in total over the lifetime of the loan before signing up. (The APR is a standard way of stating the cost of a loan, taking into account the interest and other charges, such as any arrangement fee. The higher the APR, the more expensive the loan.)

Good Money Management
Don’t ignore bills or financial problems because they won’t go away. If you don’t understand a bill or a letter, or if you are concerned about your finances talk to the Advice Bureau before you get in to deep.

Always remember to not get to the point where your out goings are higher than your incomings by sticking to a budget

Visa and Mastercard in UK

Wed, 05 May 2010 01:52:24 +0200

The UK Credit Cards listing Visa and Mastercard

Remember when applying for credit cards to check the following:
1. Interest Rates
2. VISA or Mastercard
3. Is 0% transfer available
4. Check APR
APR stands for the Annual Percentage Rate of charge. You can use it to compare different credit and loan offers. The APR takes into account not just the interest on the loan but also other charges you have to pay, for example, any arrangement fee.

Abbey National
Accucard
Alliance & Leicester
American Express

Bank of Scotland
Barclaycard
Britannia Building Society
British Heart Foundation Mastercard
Breakthrough Breast Cancer Visacard

Cahoot
Capital One
Childline Visa card
Citi Credit Card UK
Clydesdale Bank
Comic Relief Visa
Co-operative Bank

Egg

First Direct

Goldfish Card
Greenpeace Visa

HSBC Bank
Halifax

Lloyds TSB

Marbles
Marks & Spencer and More Credit card
Mastercard UK
MBNA
Morgan Stanley Credit cards UK

National Aids Trust Visacard
National Trust Master Card
Nationwide Building Soc.
NatWest Bank
Northern Bank Online
Northern Rock

Oxfam Visa Card

PDSA Visa Card

Royal Bank of Scotland

Sainsbury's Bank
Sargent Cancer Care Visa
Smile Online Banking and credit cards

Tesco

UNICEF Visa Card

Virgin Money

Woolwich
WWF World Wildlife Foundation Mastercard

Yorkshire Bank Online

How credit rating is determined

Mon, 03 May 2010 19:22:41 +0200

Your Credit History

Mon, 03 May 2010 19:02:58 +0200