5th Jun 2011
Imagine you’ve borrowed £5,000 and you are struggling to pay it back. If you’ve borrowed that money in the form of a secured loan against your house and you really can’t make the repayments, your home will be repossessed. No questions asked and no second chances. To lose your entire home for that sum of…
19th Jan 2011
The banks aren’t in anyone’s good books at the moment. Small businesses are crying out for credit, but the banks aren’t lending. Meanwhile savers are receiving miserable rates on their deposits. So why not bring small businesses and savers together – so businesses can get reasonable loans, and savers can get decent interest rates? That’s…
20th Nov 2010
Payday loans may be a tempting way to get instant cash and quick credit but with sky high interest rates and extortionate charging structures we show you how dangerous they can be, and take a look at the alternatives.
12th Aug 2010
We’ve heard from Action Fraud, the Government-backed organisation that helps people who have been victims of fraud. They’re warning everyone about a new type of scam targeting people with loans. The fraudsters – often from a company with a similar name to an existing loan company (clever) – are sending out letters claiming the recipient has missed…
1st Aug 2010
There’s yet another nasty rental scam on Gumtree, targeting would-be tenants looking for places to rent. The way it works is that unsuspecting potential tenants, usually from overseas, reply to advertisements on the website. After supposed satisfactory emails, tenants are asked to send money to the ‘landlord’. They then send the money but when they…
10th May 2010
There’s a good article in today’s New York Times about the ‘Tell-All’ generation realising that they need to keep some things private online. About time that they realised! Apparently, according to research by the University of California, over half of young people (late teens and twentysomethings) have realised what many of us thought from the…
19th Apr 2010
I’ve had yet ANOTHER spam email from some dodgy, fraudulent company offering me alleged ‘part-time work in Europe’. For some reason I’ve had a load of these in the last couple of days so they must be targeting a lot of people at the moment. Here’s what the scam email says: “Hi, West Union Group…
23rd Nov 2009
As the economy continues to falter, the crooks are getting busier! Here are two more phone scams that have come to our attention. Firstly we’ve heard of a phone and doorstep scam where fraudsters are pretending to be from the Council, saying that you’ve either over-paid your Council Tax or you’re late with the payment….
2nd Nov 2009
This is from a friend of mine who works for the police. Be warned!: “This one is pretty slick since they provide YOU with all the information, except the one piece they want. Note, the callers do not ask for your card number; they already have it. This information is worth reading. By understanding how the VISA &…
15th Feb 2009
Want to Contact Us? If you want to contact us at MoneyMagpie with general questions about money or consumer issues, or about a fantastic deal you found that you need to tell us about, the best way to get in touch with us is by posting on our Facebook wall, or you can tweet us…
