Finance: Moneynet warns credit rating at risk when consumers switch current account

Moneynet warns credit rating at risk when consumers switch current account

Written by Rachel Lane

Continued from page 1

“But our view is that borrowers should examine their real reasons for switching accounts, and ask themselves whether it is worth trading customer loyalty with their existing provider for a leap into repparttar unknown,” said Moneynet chief executive Richard Brown.

http://www.moneynet.co.uk

* * * * * * * * * * * * * * * * * * * * * * * * Press enquiries Richard Brown, Moneynet Chief Executive, 020 8313 9030

Cathy Tully, David Andrews Media Ltd 01273 774109 cathy@davidandrewsmedia.co.uk

Consumer enquiries: info@moneynet.co.uk http://www.moneynet.co.uk

Editor's notes

Moneynet.co.uk is repparttar 150532 UK’s most established personal finance research and data website. The company offers consumers a wide range of low cost financial products: from mortgages and personal loans; to car, home and medical insurance; credit cards; savings accounts and best-buy fixed rate products. Moneynet.co.uk is an ethical, impartial and comprehensive source of consumer finance information, covering repparttar 150533 whole of repparttar 150534 personal finance sector.

Moneynet was founded in 1997 by Chief Executive Richard Brown to simplify repparttar 150535 personal finance market and provide consumers with impartial and interactive information on financial products and services.

* * * * * * * * * * * * * * * * * * *

Online distribution by bigmouthmedia.

Bigmouthmedia is a search engine optimisation + search engine marketing agency, offering paid search (PPC), organic search + link strategy (online PR), as well as consultancy services in online brand protection.

Web: http://www.bigmouthmedia.com E-mail: rachel@bigmouthmedia.com Tel: 0845 130 0022

Moneynet was founded in 1997 by Chief Executive Richard Brown to simplify the personal finance market and provide consumers with impartial and interactive information on financial products and services.

Home Loans – Identity Theft Protection Could Hurt Home Sales

Written by Charles Essmeier

Continued from page 1
a simple transaction on repparttar

Internet. The problem, according to those in repparttar 150531

real estate industry, is that this simple security precaution may make it difficult for a consumer who has blocked their credit to buy a home. In many markets, homes put up for sale sell in a few hours or days, and repparttar 150532

process of unfreezing a credit report can take longer than that. If a home seller or lender cannot assess a potential buyer’s credit rating, then repparttar 150533

home sale may be lost to another buyer. True, it is a simple process to unfreeze a credit report, but some consumers may forget that they froze their reports in repparttar 150534

first place, or they may forget or misplace their username or password for repparttar 150535

Website that allows them to unfreeze their report.

On repparttar 150536

surface,

new laws to protect consumers seem to be a good idea, and those in repparttar 150538

real estate industry who are concerned may find that their worries are unjustified. This is a case where all parties would benefit from taking repparttar 150539

time to see if repparttar 150540

laws are effective, and whether or not they actually hurt repparttar 150541

real estate industry. In repparttar 150542

meantime, anyone considering purchasing a home should be made aware of repparttar 150543

ramifications of freezing their credit, as doing so may make it more difficult to purchase repparttar 150544

house of his or her dreams.

©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a Website devoted to debt consolidation and credit counseling information and HomeEquityHelp.net, a site devoted to information on mortgages and home equity loans.

<Back to Page 1