{"id":83913,"date":"2018-03-28T00:36:20","date_gmt":"2018-03-27T17:36:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-something-to-help-people-hit-by-high-credit-costs-letters\/"},"modified":"2018-03-28T02:03:28","modified_gmt":"2018-03-27T19:03:28","slug":"do-something-to-help-people-hit-by-high-credit-costs-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-something-to-help-people-hit-by-high-credit-costs-letters\/","title":{"rendered":"Do something to help people hit by high credit costs | Letters"},"content":{"rendered":"


\nLord John Bird promotes his credit-worthiness assessment bill and Gary Martin argues for changes to benefit rulesThe foisting of high-cost credit on the poorest is front and centre this month with the launch of the End High Cost Credit Alliance (Michael Sheen launches campaign against high-cost lenders, 20 March). For those millions who can\u2019t access mainstream products, high-cost lenders appear to offer the only way to afford everyday necessities. But those firms aren\u2019t the only options out there and it\u2019s why investment in \u2013 and backing for \u2013 ethical lenders such as Moneyline, Fair For You and Street UK is central to the mission of growing an inclusive economic system.The good news? Ideas to puncture the \u201cpoverty premium\u201d are out there and have started to drive policy \u2013 ideas such as my credit-worthiness assessment bill, aiming to help Britain\u2019s tenants access more affordable credit. The Big Issue has tested this concept in the social housing sector via the rental exchange scheme, and it has shown that over 80% of tenants see their credit scores rise once rental history is incorporated into a credit assessment. We\u2019re beginning to turn the dial towards inclusion. But ask yourself, as Mr Sheen has done, what can you do to help?John BirdHouse of Lords Continue reading…
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\nSource : theguardian.com
\nRead more…Do something to help people hit by high credit costs | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lord John Bird promotes his credit-worthiness assessment bill and Gary Martin argues for changes to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-83913","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-lPr","jetpack-related-posts":[{"id":60912,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-credit-score-agencies-have-the-power-to-make-or-break-lives\/","url_meta":{"origin":83913,"position":0},"title":"How credit score agencies have the power to make or break lives","date":"July 17, 2017","format":false,"excerpt":"\r Defaults on a file often mean lenders will say no \u2013 to anything from a mortgage to a mobile phone contract. So what can you do?Omar Nasser came close to losing his home when his interest-only mortgage expired earlier this year and his application for a new loan was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70972,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lenders-warn-regulators-clampdown-on-consumer-credit-may-backfire\/","url_meta":{"origin":83913,"position":1},"title":"Lenders warn regulator's clampdown on consumer credit may backfire","date":"November 5, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Lenders warn regulator's clampdown on consumer credit may backfire","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3334,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/payday-lenders-and-credit-firms-to-pay-for-illegal-money-enforcement-teams\/","url_meta":{"origin":83913,"position":2},"title":"Payday lenders and credit firms to pay for 'illegal money' enforcement teams","date":"February 1, 2016","format":false,"excerpt":"\r Proposed levy coincides with government withdrawal of funding for service which has prosecuted more than 300 illegal money lenders since 2004Payday loan firms and credit card companies could be charged a fee to fund the work of teams cracking down on loan sharks, the chancellor has announced.From April 2017\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54953,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tighter-bank-credit-means-business-for-money-lenders\/","url_meta":{"origin":83913,"position":3},"title":"Tighter bank credit means business for money lenders","date":"May 16, 2017","format":false,"excerpt":"\r The Hong Kong banking regulator\u2019s move to dampen developers from providing generous mortgage schemes has created new business opportunities for non-banking institutions and money lenders. Ego Finance, one of the major finance companies in Hong Kong, said the new measures would generate more business opportunities for money lenders. With\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-lenders-now-have-more-credit-score-options-what-homebuyers-should-know\/","url_meta":{"origin":83913,"position":4},"title":"Mortgage lenders now have more credit score options. What homebuyers should know","date":"May 5, 2026","format":false,"excerpt":"\r Lenders are beginning to use VantageScore 4.0, which factors in consumer data not currently considered in the score that's been used with mortgages for decades.\r \r Source : cnbc.com\r Read more...Mortgage lenders now have more credit score options. What homebuyers should know","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95679,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rival-lenders-taking-risks-by-mis-pricing-credit-says-secure-trust-boss\/","url_meta":{"origin":83913,"position":5},"title":"Rival lenders taking risks by 'mis-pricing credit', says Secure Trust boss","date":"August 8, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Rival lenders taking risks by 'mis-pricing credit', says Secure Trust boss","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/83913"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=83913"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/83913\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=83913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=83913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=83913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}