Pensioners Targeted by Payday Loan Lenders?

Posted by :admin On : May 28, 2013
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Category: Finance

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The American Center For Responsible Lending recently released a new report, and one statistic is particularly alarming. It states that almost 25% of payday loan borrowers in the USA are pensioners, who regularly receive social security payments.

This statistic is sure to shock many people, as payday loans were always typically a form of lending that was more popular with younger people and families.

Times have certainly changed however, as many people of retirement age are carrying more debt than ever before, and instead of being able to relax and enjoy their golden years, they now have to carry the burden of finding quick cash so they can pay the bills and make ends meet.

In the past, lenders wanted to see that applicants were in full-time employment before approving them for a payday loan. These rules have now become much looser, with lenders only wanting to see that there is some form of regular income to cover the loan. Of course, this could include government benefits, disability allowance, and social security payments.

A member of the AARP in Texas said, “they get their social security in the bank, and as soon as it gets there the payday lenders scrape it up. People who were short to begin with have no other option but to go back and get another payday loan.”  With this in mind, it’s easy to see how pensioners can quickly fall into a vicious cycle of debt, taking out one payday loan to pay of another, and never making any progress towards becoming completely debt free.

While the information inside the new report has only negative things to say about this form lending, the payday loan industry have hit back with their own version of events.  Many payday companies say that they are simply filling a genuine need amongst many people of retirement age living in America today. Millions are feeling the economic pinch, and they need fast money to pay their bills and buy groceries.

A spokesperson for a payday loan company commented, “when faced with a periodic or unexpected expense, a payday loan can be the less expensive credit option, as opposed to incurring an overdraft fee or bounced-check fee.”

There are many financial obligations for pensioners these days, especially when you consider that the cost of living is rising dramatically. Rising health costs and living costs are only the tip of the iceberg, as there are many unforeseen expenses, such as helping a struggling family member.

Father and son imprisoned for servitude and force labor offences

Posted by :admin On : May 8, 2013
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Category: UK Regional

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A father and son was jailed to the Luton Crown Court after they are accused of servitude, charges in assault and forced labor to defenseless individuals. Tommy Connors Sr., at the age of 53 was imprisoned for right years while his son Patrick, 21 was incarcerated for five years in Luton Crown Court. The two men from Bedfordshire were sentenced last July. In a different case, a judge was relieved from the trial after he failed to announce the decisions and press charges against the two men including James Connors and Tommy Jr.

The Luton Crown Court judge unsuccessfully came into a decision to the charges pressed up against them two days after the deliberation. Judge Michael Kay stated after reaching the verdict that Tommy Connors Sr. have enslaved people who are addicted, vagrant and alone. The men were recruited in the streets and promised of paid jobs, food and homes. He added that for a couple of years, a number of workers were forced to work and are threatened if they will leave. Many had managed to escape but there are a few who feared and lack the courage to run away. For Patrick Connors he was conceded of keeping helpless people and mistreating them which he was accustomed to.

Workers were staying on the Green Acres site at Little Billington near Leighton Buzzard, the judge heard from the trial held last year. The suspects were found guilty of the offences of slavery, force labor, and human assault on Tuesday. Earlier this year, the trial started with the two suspects including Tommy’s two other sons Tommy Jr. and James. The four pleaded none guilty of the charges pressed up against them. The daughter of Tommy Sr. and her husband were also convicted for 11 years for the same charges.

A 66-year-old mother slaughtered by her son

Posted by :admin On : April 17, 2013
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Category: Legal & UK

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Carol Cooper, 66 was found dead in her penthouse in Clacton, Essex in November by the pillow.She was found with a pillow in her face.Court says, that her sluggish son, stifled he own mother to death after stealing her bank account. Peter Dickson, 37 her son lives with her in St. Vincent Road was found near her body Chelmsford Crown Court, cited.

The carpetbagger Mr. Dickson admitted the killing but denied the murder. In opening the trial for the case, one of the prosecutors Victor Temple QC aforementioned to adjudicators that 11 months before she died her savings account had been in credit up to 3,000 in debt. He added that Mr. Dickson had handled over her mother’s money and used it to pay for his mobile hand set, Sky television and online movies. Before Mrs. Cooper died, she told her family that he was planning to talk to her son about his profligacy and Mr. Dickson was afraid that he might be written off her mother’s will.

Prosecutor Temple said that since Dickson was still young her mother had spoiled her too much. Mr. Dickson makes believe that her mother was still alive when other family members rang, court heard.On one of the occasions he was shouting “hold on Mum, I’ll sort it out” when his CD skipped. Daphne Wilson, Mrs. Cooper’s sister became dubious and called the authorities. Before the police arrived Mr. Dickson tried to call 99, said the jury members. The trial is about to continue in about eight days.

Fire killed five members of the family, neighbor Smith found guilty

Posted by :admin On : April 10, 2013
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Category: Legal & UK

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A woman was charged guilty of killing five members of the family three of whom are children nearby by creating a fire. Lee-Anna Shiers,20 together with her nephew bailey,4 and her niece Skye,2 and her partner Liam Timbrell,23 and their son Charlie, 15 months were murdered in Prestatyn. Last October Melanie Smith, 43 created a fire in Maes y Groes in Ms. Shiers pushchair which was left in the hallway. She was scheduled for verdict next month. Melanie Smith was also imprisoned when she tried to burn down another woman’s house.

As the judgment was read out, there were some grieving in the public arcade.Judges heard distressing info throughout the trial which includes the 999call of Mr. Timbrell. Smith had an encounter with Mrs. Shier because she left the pushchair of her son at the property. Days before, Mrs. Smith had already threatened the young mother Mrs. Shier that she will burn down her house with Mrs. Shier and her kids inside it. On that day Mrs. Smith take 10 alcoholic beverages and started the fire in the pushchair using a lighter which caused the family to be trapped in their apartment.

Residents nearby tried their best to save the family but were bewildered by the heat and the intensity of the fire. After Mr. Timbrell was saved he told the paramedics attending him that Smith is the one responsible. Later on he passed away in the hospital. The parents of Mrs. Shier were delighted by the judgment given by the prosecutors.

Parents convicted for killing 6 Children in a Derby fire

Posted by :admin On : April 3, 2013
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Category: UK Regional

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A father was convicted for killing his six children in a fire at his Derby and has been put into jail for a lifetime. The 56 year-old, Mick Philpott had a trial at Nottingham Crown Court and should serve a minimum of 15 years in prison. Philpott was convicted of manslaughter along with his wife Maired and a friend named Paul Mosley, were said to serve 17-year sentences. According to Mrs. Justice Thirwall, “The driving force behind this shocking dangerous enterprise was Philpott.”

Philpott set his house to frame up his former mistress, Lisa Willis whom he was fighting for custody for their children. If Philpott had gained custody, he would have thought that his wife would return to him. People were confused why Maired Philpott and Paul Mosley were given 17 years of sentences, while Mick Philpott with only a minimum of 15 years. It would appear that they do not receive comparative harsher sentences. Philpott will not be released until the Parole Board would consider that he still represents a threat to the public. Maired Philpott and Paul Mosley would only serve half of their 17-year sentence and then be released on license, however its sentence period will only be 8.5 years.

Meanwhile, the police confirmed that Philpott raped a woman several years ago by conducting a thorough investigation. The allegation was made after the death of Philpott’s children; however the police made a decision that they have to wait until the end of Philpott’s manslaughter trial before having an investigation.

A huge number of passengers travel for Easter

Posted by :admin On : March 28, 2013
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Category: Weather & Travel in UK

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The weather in some parts of the United Kingdom remained cold. A lot of the Britons planned to travel to other countries due to the Easter Getaways. A number of almost 600,000 were expected to leave the airport. According to the Association of British Travel Agents, most of the people are spending their Easter out of the country because of the very cold weather. It was always snowing in some parts of the UK giving them a freezing temperature.

The four day Easter break is bringing others to different locations. It was reported by the British Travel Agents that those who are traveling by rail will experience some disruptions because of the major works done for the improvement of the railway system. Some affected areas would include the ongoing engineering work at the West Coast Main Line located in the West Midlands and also in Berkshire. Those who will travel in London and South of Wales could experience a delay for an hour and thirty minutes.

A statement released by Abta says that most of the British citizens wanted to see the sun after experiencing the cold weather. The Chief Executive of AFTA also said that there was additional number of Britons who did their last minute bookings to travel to destinations with warm weather. A representative from the Heathrow Airport has spoken about the busy week everyone is expecting because of Easter. The spokesman said that all the airport personnel are preparing for the busiest days of the year, thus referring to Easter Holiday. The number of trips in the Airport could make up about £600m for the economy of the UK.

A total of £2.5 Billion Spending Cuts in the UK Budget

Posted by :admin On : March 20, 2013
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Category: Finance, Law and Politics

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The New Year unveiled a new budget cut spending for the UK government. It was announced by the Chancellor last Tuesday during a cabinet meeting. Chancellor George Osborne released a statement about austerity measures. He said that the government will be releasing spending cuts. Most of the said reduction of spending will benefit the infrastructure projects in the United Kingdom. The savings that can be drawn from the said spending cuts will improve the growth of the economy in the UK.

Although not all of the government sectors will be affected by the reduction of spending. The HM Revenue and Customs, Health and Education sectors will not be affected. A number of Whitehall Departments will have a two percent reduction on their spending and this will be applicable over the next 2 years. The amount that will be saved would total to £2.5 Billion.

Chancellor Osborne added that the local government and the budget of the police will remain intact for this year. The overseas aid will also be protected from the proposed spending cuts. The Environment and Justice Department will be advised to have a percent cut on their daily spending budget for the next two years. This includes Northern Ireland, Wales, and Scotland. During the cabinet meeting, a lot of the members of the cabinet which includes the Chief Secretary of Treasury have supported the approach. It was also reported that the government was pressured to allot more budget on the improvement of roads and housing although critics think that these projects did not help in the UK economy’s growth.

Prince Charles and Duchess of Cornwall’s visit to Jordan

Posted by :admin On : March 13, 2013
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Category: Royal Family

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The Prince of Wales and the Duchess of Cornwall went to a trip in Jordan where the Syrian refugees are staying on a huge camp. The Royal couple went on a tour in the King Abdullah camp in Jordan. In the said camp the Prince have witnessed the situation of the refugees and praised the people in Jordan for assisting the Syrian refugees.

There were a total of 1,500 Syrian refugees in the camp. Most of these refugees were affected by the conflict in Syria. It was recorded that there are already millions of Syrians who were registered as refugees by the United Nations. Most of them are in Jordan, Iran, Egypt, Turkey, and Lebanon. The United Nations have been sending aid in Jordan for the refugees. According to the UN more Syrian refugees registers in Jordan.

Meanwhile, the Prince and the Duchess were scheduled to tour the Middle East for three days. When they arrived at the camp, the UN volunteers and staffs have greeted them. Prince Charles upon seeing a lot of the Syrian refugees in the camp released a statement saying the situation of the refugees was heartbreaking. He also detailed that most of the children in the refugees had no parents and most of them have faced horrible experiences because of the unrest in Syria. When the Prince of Wales saw a lot of volunteers who helped the refugees, he praised them for the work they have done. He also acknowledged the generosity of the Non-government Organizations and the Jordanians in giving full support to the Syrian refugees amidst the ongoing chaos in Syria.

Make PPI Claims using these tips

Posted by :admin On : March 7, 2013
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Category: Finance

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The FSA has already considered a PPI claim’s deadline due on April 2014. For the customers who are still about to make their claims, it would be efficient to start making it earlier. Since there is already a deadline considered most customers could no longer have any choice but to start making their claims because if they don’t do so, the money that they have repaid their banks will never reach their hands. There are a few steps a customer should take note of when getting started with  a PPI claim.

First, it is advisable for a customer to consider getting a legal help. Consulting a claims management expert such as MisSoldPPIClaimsCo.co.uk will guide a customer in making their PPI claim on a solid, legal basis. The legal consultations are usually offered for free and it can be under a “no win, no fee” claim service.
Second, In order for a customer to officially make his or her PPI claim, a PPI template letter is needed. The template is very important because banks read the letters and in this way they either accept or reject it depending on how the letter is written. One good tip is to use a template from most of the UK websites, other websites like the claims management company and the Financial Ombudsman Service (FOS). The claim letter of a customer should be coherent.

Third, customers should always compile billing receipts for reasons of verification. In this procedure, a customer can estimate the refunds that he or she would receive. The copy of the receipts would serve as a guide so it is important for customers to secure photocopies.
Lastly, it would be better to point out the insurance policies that involve the compound interest. This can put an increase to the amount of compensation that the customer would be receiving. Thus, there is a need to include it when making a PPI claim for you to get the refunds that you really deserve.

Consumers not buying Frozen Beef Products

Posted by :admin On : February 27, 2013
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Category: Health

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The ongoing effect of the horsemeat scandal to the consumers continues as they have ditched frozen beef products. After so many test results were released by the Food Standards Agency that some of the beef products were confirmed to have the horse DNA, many of the consumers in the United Kingdom got rid of purchasing and eating beef meat that includes frozen burgers, beef lasagna, and spaghetti. Most of these consumers are aware of the threat that might cause their human health to be at risk if they do not have precautionary measures when choosing the meat they would serve on the table.

Meanwhile, this type of boycott on frozen beef products has caused the sales to drop to 43 percent. Most of the big supermarkets in the UK were affected right after the horsemeat scandal spread to the public. The said drop in sales was recorded in the early weeks of February. Although experts say that the scandal did not affect the consumer’s choice of supermarket only the type and brand of meat that they are purchasing. This was not the only cause why the sales dropped down. The products that were also pulled out in the supermarket shelves had an impact in the sales.

There is still an ongoing and thorough investigation to put an end to the scandal. Different business sectors are trying their best to monitor their suppliers and the products that are supplied to them. The Food Standards Agency is also pressured with the current issue that they have been working since the beginning of the month.