A worrying number of people who checked their credit reports after falling victim to bank IT failures found errors on their files, a credit referencing agency has warned. ClearScore said nearly two-thirds of people found mistakes that weren't their fault - and could have led to failed applications for loans, mortgages and even utility contracts. Banks' IT meltdowns can sometimes mean that payments do not come in or go out of people's accounts as expected - causing some customers to miss important bill payments. Customers may also struggle to access their account, meaning they struggle to move money around. Errors on someone's credit report can damage their ability to be accepted for financial products in future, such as a mobile phone contract or a mortgage, or mean they only have access to higher interest rates, which increases the cost of credit. A missed payment might also have further negative consequences, ClearScore said - for example, if the late payment fees incurred from the … [Read more...] about Thousands of people hit by bank IT failures have errors on their credit reports
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Sadio Mane was discussing building a school in his Senegalese village of Bambali when a look of concern came over him. “Please do not put that in the interview,” he said. “But why? It sends a positive message,” was the response. “No, no. I do not do this for publicity,” he insisted. He could not be persuaded. That was 12 months ago. The information has since become public so it is no breach of trust to reference what was an estimated contribution of around £200,000. This is not the only act of charity to his country. When recently asked by a colleague what he would do after his football career, he spoke of similar acts of benevolence, including building a hospital. “The best thing you can do is remember your home town,” he has stated. “They need help and if I can, I do.” So often we read about the modesty of the most successful footballers and it can sound trite or contrived for public relations … [Read more...] about Liverpool forward Sadio Mane does not court attention, but scoring exploits has propelled Senegalese into the spotlight
BUYING your first home is a huge, and expensive, decision but there could be ways to save thousands if you opt for a new-build property. Developers are offering free extras and tantalising incentives to buy a new-build - and now we reveal the best way to haggle, and if these enticing offers are really worth it. From no stamp duty to "free" fixtures and fittings, developers are now offering many incentives and extras to buy a brand-new home. But some of these offers aren't always as good as they sound, and you could get an even better deal if you're prepared to negotiate. Some critics say free extras and incentives are just masking high asking prices, as you can often get a similar sized property at a much cheaper price if you choose an older home. And taking up these freebies can sometimes affect how much your mortgage provider is willing to lend you. But new-builds come with their own advantages, such as low maintenance costs and being included in Help To Buy and shared ownership … [Read more...] about How you can haggle for extras and freebies on your new-build home – and it could save you thousands
Watch the new CBSN Originals documentary, "Priced Out: LA's Hidden Homeless," in the video player above. The full hour-long special premieres on CBSN Sunday, Feb. 24, at 8 p.m., 11 p.m. and 2 a.m. ET. Finding an apartment to rent is often a stressful process, no matter your circumstances or where you live. The challenge of locating a place to call home at a price you can afford — and dealing with all of the logistics and costs — is enough to make you never want to move again. When you finally sign your lease and get settled, you're probably not thinking about the fact that in many American cities, the landlord can kick you out for no reason at all. It's called a "no-fault" or "no-cause" eviction. In cities like Los Angeles, these usually happen when a tenant is under a month-to-month lease agreement. Tenants can be ousted even when they didn't do anything to violate their lease, like falling behind on payments. In LA, high rents create a new class of … [Read more...] about How no-fault evictions are contributing to LA’s homeless crisis
THE dream of owning a home is becoming increasingly remote for millions of young Brits. And that's not surprising when you think first-time buyers now have to fork out nearly £50,000 for a deposit to get their foot on the first rung of the property ladder. But what if there was a way wannabe buyers could buy their own home without having to scrimp and save for that deposit? A decade ago, borrowers were able to take advantage of lots offers that meant they didn't need to stump up any money before getting their mortgage. One report says that building societies and lenders should bring them back for first-time buyers to ease the burden on parents. We've seen a few of these mortgages reappear on the market but are they really worth looking at if you're struggling to get the funds together for a deposit? What are no deposit mortgages? When you're mortgage shopping, you'll see something called Loan to Value (LTV). This is simply the percentage amount of the property that is … [Read more...] about What is a 100 per cent mortgage loan? Are they good for first-time buyers and can you apply if you have bad credit?