Category Archives: Financial Services

DIRECT CONNECT CONTINUES TO ACQUIRE SALES OFFICES WITH PURCHASE OF FLORIDA ISO

CHANTILLY, VA, March 15, 2016 — /EPR NETWORK/ — Direct Connect today announced that it has acquired another payment processing sales portfolio, Merchant Processing Solutions (MPS) in Fort Lauderdale, FLA.

direct connect logo

This transaction is part of Direct Connect’s commitment to growth through acquisition and is the company’s sixth acquisition since being recapitalized by The Beekman Group in 2015.

MPS provides merchant services to more than 500 restaurants and retail businesses across the United States, with more than $100 million in annual processing volume.

Owned jointly by Yamilet Strauss, Claudia Mosley and Diana Lizarazo, the independent sales organization (ISO) is a perfect fit for the Direct Connect business model: it is an active retail ISO acquiring merchants on the First Data platform, but it needed the financial and technological infrastructure and support to compete in today’s rapidly-changing payments infrastructure.

“MPS has grown successfully because of their people, and their top-down commitment to providing service and support to customers,” said Matt Clyne, Direct Connect’s CEO. “Direct Connect adds financial strength and stability, state-of-the-art technology and highly experienced human resources to the mix, making for an unbeatable combination and assured growth for MPS.”

Clyne said Direct Connect purchased five companies in 2015 and has already laid the groundwork for three more acquisitions in the first half of 2016. Direct Connect continues to actively seek out sales offices with low attrition and a commitment to the highest levels of service and support.

ISOs interested in investment capital or acquisitions opportunities are invited to visitwww.directconnectps.com or contact the company at 800.747.6273.

“We intend to be a very active buyer in the marketplace,” Clyne said.

About Direct Connect
Based in the Dulles Corridor of Northern Virginia, Direct Connect provides innovative technology and payment processing services to businesses across the United States and Canada, including retail, restaurant, government contractors and service industries. Through a robust partner program, Direct Connect works with financial institutions, non-profit organizations, associations and software developers to incorporate payment solutions and enhance customer service. With a 20+-year history and more than 25,000 merchants in its portfolio, Direct Connect was recapitalized in 2015 by The Beekman Group, a New York City-based private equity firm positioning us well to meet the ever-changing demands of the industry.

Contact-Details:
Nancy Drexler, Acquired Marketing
ndrexler@acquiredmarketing.com
917-743-5258

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Another £400m Into RBS’ PPI Compensation Fund, Says Missoldppiclaims.info

The Royal Bank of Scotland has earmarked an additional £400m to cover the cost of compensation and refunds relating to mis-sold payment protection insurance (PPI), says leading PPI Claims Company Missoldppiclaims.info.

The nationalised bank has released figures for the last quarter showing a pre-tax loss of£1.26bn, a proportion of which is due to the allocation of a further £400m to its PPIcompensation fund. In a move echoed around the banking industry in recent months, RBS now has increased its total PPI allocation to now stand at £1.7bn. However, it is unlikely to be the end of the compensation claims for the beleaguered bank.

Its recent computer problems resulted in significant numbers of RBS, Natwest and Ulster Bank customers being locked out of their accounts for days, a mistake which has cost£175million so far with a further £50m of compensation put aside.

RBS is also part of an investigation by regulators in the UK, US and Asia – including the fraud division of the US justice department – over the part it played in the manipulation of the LIBOR inter-bank lending rate. With settlement negotiations imminent, the fines that could potentially be applied RBS believe could have a “material” impact on the company.

Despite the problems, RBS showed operating profits for the third quarter increased from£650m to £1bn, while bad debt fell by £159m and staff costs were 5% lower due to a 7% reduction in staff.

Stephen Hester, chief executive of RBS, said: “The extraordinary challenges which RBS faced following the financial crisis are being worked through successfully. The five year restructuring plan is now in its later stages with important work still to do, including an emphasis on dealing with reputational issues now that the bank’s safety and soundness has advanced so well.”

A spokesperson for leading PPI Claims Management Company, Missoldppiclaims.info said: “It’s good to see RBS recognising its responsibilities towards customers that were mis-sold PPI policies, in particular the responsibility to put customers first and treat them fairly. This can be seen in its decision to increase lending to its business customers even though there was a downturn in loan applications, but it would be good to see a similar helpful response to borrowing for its non-business customers with personal loans and residential mortgages.

The reputational issues Mr Hester refers to are likely to be industry criticisms that RBS customers play second fiddle to the short-term interests of shareholders and staff. As a result, RBS has relaxed its lending position towards its small and medium (SMEs)businesses, which has led to a an increase of new lending by 3% since the second quarter despite a 25% drop in SME loan applications due to the Olympics and doubts over the stability of the UK economy.

Analyst Richard Hunter, head of equities at Hargreaves Lansdown, said: “There is no doubting the immensity of the task RBS has faced in executing its turnaround plan, nor indeed the progress made so far.”

Via EPR Network
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Research Show 4.4 Million over 21s Still Rely on the Bank of Mum and Dad, reports Bower Retirement Services

Research from LV = reveals 4.4 million over 21 year olds still borrow money from their parents. The average monthly donation from parents to adult children is £175. This is used to cover rent, bills and help pay off debts. Additionally £9,476 is awarded to fund weddings, holidays, further education and to help young adults get onto the property ladder. Although it helpingyoung adults is hardly surprising, the research revealed parents expect to continue to support their ‘children’ until the age of 38, now the average age of a first-time property buyer.

This obviously puts great financial strain on Britain ‘s parents. It eats into retirement funds and one in ten parents surveyed by LV = admitted they had spent everything they had on their children. The issue isn’t going to go away soon, particularly if predictions that the average age of a first-time buyer will be 41 by 2025 are correct.

Parents need to prepare for the future early to ensure they are well equipped financially to provide for themselves and help out their grown-up children when necessary. There are several options available, but with interest rates currently being so low, saving plans aren’t the most viable option.

Equity release plans are a more effective option for homeowners. Bower Retirement Services, an award-winning equity release advice service, can help homeowners find anequity release plan that’s right for them.

There are four types of plans available: lump sum lifetime mortgages; lifetime mortgage with flexible cash release, also known as a drawdown mortgage; interest only lifetime mortgage and home reversion plans.

The most suitable, and now the most popular comprising 68% of the market, are drawdown plans. Homeowners are lent money based on their property’s value and additionally can withdraw regular cash amounts at a frequency and value chosen by the individual. Interest is charged, but it’s only repaid when the homeowners die or move into permanent care. These mortgages allow parents to look after themselves during retirement but also offer the ability to provide assistance to their offspring.

Via EPR Network
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Equity Release Becoming Popular Retirement Fund Solution for Baby Boomers, say Bower Retirement Services

The total value of equity release advances from April to June 2012 was £224.8 million, reported the Equity Release Council, an increase of 22% on the same period of 2011. Additionally, this amount represents the highest quarterly figure since 2009 (£231.7 million). Furthermore, the real number of plans grew by 16% between Q2 2011 and Q2 2012 showing interest in the market is up, along with actual value.

According to the Equity Release Council’s figures, people are now choosing to take drawdown plans instead of lump sum mortgages. This shows they prefer to spread risk and use equity release as a retirement income. The news comes as its revealed retired homeowners now have a total unmortgaged property wealth of £756.7 billion.

Bower Retirement Services, which offers award-winning specialist equity release advice, says equity release is a simple and effective option for homeowners looking to provide for their retirement and it exploits the property price rises of the last forty to fifty years. Many in the baby boomer generation lost large amounts in pension blunders in the nineties and again in the last recession. However, thousands continue to be locked up in property, potentially providing a retirement income for homeowners.

Bower Retirement Services offers advice on all types of equity release, from lump sum lifetime mortgages to home reversion plans, and its equity release calculator is designed to help homeowners accurately gauge how much cash they can expect to release on each type of plan.

There are four types of equity release plan, but drawdown plans now the most popular, accounting for 68% of the value of the entire equity release market. Bower Retirement Services says these types of mortgage are most suitable to homeowners looking to provide themselves with an income during retirement. The lender loans the homeowners a percentage of the property’s value and also agrees to pay a regular cash sum, or ‘drawdown’ on the mortgage value. Interest is accrued, but it is not charged until the homeowners die or move into long term care. Homeowners choose the term and value of the drawdowns, offering more flexibility than a standard remortgage plan.

Via EPR Network
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Pets In The House Can Send Bills Through The Woof

The days of pets living outside are over with nearly 90 per cent of NSW residents giving their furry friends free rein of the house, according to research by NRMA Insurance*.

Dogs and cats are definitely best friends to many, but according to Tracy Woodley from NRMA Insurance, it seems most people prefer to keep their pets indoors some or most of the time – potentially putting their pets and belongings at risk.

“We’ve seen unfortunate cases where a pet’s foot has broken from a door opening on it or where a dog has tugged on the power cord of an expensive plasma TV and pulled it off its stand,” she said. “You should keep all your special items where they can’t be reached, and properly secure electronic cords so your cat or dog doesn’t inadvertently cause havoc.”

The insurer also warned pet owners to be extra vigilant to help reduce the likelihood of injury to their pets while they’re indoors. “Keeping your pets
indoors is generally very safe but it’s far from foolproof. Simple measures such as keeping household cleaning products out of reach will help keep nosey dogs and cats safe,” Ms Woodley said.

NRMA Insurance home claims involving pets over the past year include:
– An excited dog injured itself and caused damage to the home after running through a glass sliding door
– The family cat sleeping on the stairs injured its leg after a family member coming down the stairs stepped on him
– A dog wound-up by what was on TV required a trip to the vet after jumping onto the TV unit and injuring her leg on the way back down

Should the worst happen and your dog or cat is injured in an accident, or they accidentally damage valuables in your home, the NRMA Insurance Pet Lover’s Pack can provide cover to help with vet bills and replacing your home contents**.

For more information on the NRMA Insurance Pet Lover’s Pack visit:www.nrma.com.au/home-insurance

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LoanAdvances-PaydayLoans Reports Spike in New Applications and Reapplications

Loan Advances-Payday Loans has reported a significant rise in the number of loan requests that have been processed and approved over the last 2 years. This was the main gist of the performance report which was presented by Donna Millstone, Division head for short term loans and debts.

In a year to year comparative performance review, the company has posted a 74 percent increase in the number of payday loans that have been processed and approved, and of this number, nearly half of it is comprised by reapplications.

Millstone attributes these positive performance indicators to the strategic positioning by the company in the highly competitive market for subprime payday lending service which was anchored on topnotch customer support and high approval rates.

In a related development, QEC Money, an independent think tank that advocates consumer welfare and proper money management, has reported that the demand for payday loans and other similar short term loans has grown by nearly 60 percent over the last 6 months of the current year.

According to a reliable source within the group, this dramatic jump in the demand for short term loans is a clear indication that an increasing number of Britons are feeling the pinch and are constantly searching for ways to keep their heads above water. “In most instances, they have opted for a pre-payday quick fix,” the unnamed source explained.

LoanAdvances-PaydayLoans.co.uk has had a remarkable 37 percent approval rate since its entry into the subprime lending market. The loan requests are normally approved in less than an hour and borrowers can rely on a quick transfer of funds to their bank accounts. In addition to this, the company has also proven its mettle in providing fast and professional support and assistance to its clients for a wide range of concerns and issues.

“We adopt a cutting edge processing and referral system and we have a solid track record when it comes to our response to loan request of potential borrowers,” Millstone added. Known for its uncompromising advocacy for responsible lending practices, the company has continually endorsed applications and been transparent around costs for appropriate short term need for cash of prospective clients.

Millstone is quick to add that despite the criticisms and negative reports on this subprime lending service, it remains to be a popular and highly
proven financial tool for a significant number of Brits who are going through short term cash crunches.

“Our company and other providers of payday loans and cash advances are actually servicing the cash requirements of the segment of the market that is not actually served by banks and other similar lending entities,” Millstone explained.

Unlike banks and other similar lending institutions, www.loanadvances-paydayloans.co.ukis taking a different tack and assesses loan requests based on the monthly income of potential borrowers. The amount of loan provided by the company will not exceed that which can be paid back by the applicant within the specified payment period.

The demand for payday loans is expected to continue to rise until next year and the company assures its clients that it will maintain its current loan offerings and services and adopt the same approval rates to keep up with the requirements of its growing clientele.

Via EPR Network
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Payday-loansuk.org.uk Reveal New Mascot – Jackson the Dog

Payday loans, the often derided side to personal finance, have been gaining in popularity for quite some time in the UK.

What was once a small, niche related business, has now become a multi-million pound industry. The demand for the product seemingly growing thanks to the lending patterns of major lenders and banks.

Established within that market is the company Payday Loans UK. Formed by two ex-bankers, the firm base it’s ethos on delivering cash advances to those refused elsewhere.

In keeping with this innovative spirit they have revealed a new mascot to go along with the usual payday loans product.

The aim of this ‘talisman’ is more of a symbol than a novelty as Nick Cox from the company explains;

“We came up with the concept of Jackson as more of a multi-functional device then an un-purposeful icon.”

“Our initial aim for Jackson is to have him implemented as an online helper on our website. He will be on-hand if the customer runs into trouble with any detail. There will be a knowledge base attached to the interface and an online operator for 2nd level queries.”

“After that the sky’s the limit really, we could have him as the spearhead for ad campaigns or even as acting CEO for the day!”

The company hopes that Jackson will bring some much needed cheer into what can be an often depressing situation.

Cox is under no illusion as to how customers feel when accessing his site;

Payday loans suck. Let’s face it. Nobody wants to take out a loan and when they do they’re not going to be happy about it. Hopefully this will put a smile on their face.”

The company’s aims for Jackson the dog are still be sketched out and he has not yet been implemented into the user experience on the website payday-loansuk.org.uk.

The whole process is being strategically mastered as if re-homing a pet. Payday Loans UK expect the first wave of Jackson mania to start at the end of this month.

Payday Loans UK are a fast online payday loans service aimed at those refused elsewhere. Loans are approved instantly and deposits can be as fast as 15-minutes straight to customers’ UK bank accounts.

Via EPR Network
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Payday Loans Paid Enter the UK Payday Lending Market

Paydayloanspaid.co.uk has entered the payday loans online market in the United Kingdom. With a team of financial experts who bring with them an inordinate amount of experience in the unsecured loans sector in the UK, they aim to bring something different into the challenging internet, payday lending sector.

Head of online operations, Jenny Statham explained, ‘’Many payday loan applications are declined from a number of the main lenders in the United Kingdom due to their reliance on passing one application. Our payday loans are slightly different in that we can use our strong relationships with some of the payday lenders to ensure the majority of the applications are approved.”.

Payday loans are a somewhat sensitive subject and have featured heavily in the mainstream British press in recent times, but it appears they could be featuring in the UK lending sector for some time. With some APR’s of payday loans surpassing 4 figures, they have – in some quarters – been rightly criticised. Jenny Statham added, ‘’ we try to make sure any potential applicant are fully aware of the associated costs that come with the payday loan agreement they enter into.  Our advice to people who are considering entering into a payday loan agreement with  a lender they have sourced through Paydayloanspaid.co.uk is to primarily focus on the repayment terms, if they are unable to meet the repayments costs then it is important they do not take on the payday loan.”

With a plethora of payday loan operators frequenting the internet it can be difficult to decide what lender to choose from.  Jenny Statham advised, ‘’if you are looking to secure a payday loan, it is important not to use the first lender you find. Spend some time researching the different providers to ensure you get the very best deal. As there are so many in competition with each other now, there could be some great deals to be found out there”.

Paydayloanspaid.co.uk is one of countless payday loan lenders in the United Kingdom in what some commentators are calling a ‘’saturated market”. They hope, however, to hit the ground running with an easy to use online portal, quality customer service and modest acceptance rates for new applications. Jenny concluded, ‘’we hope to attract people to our online portal who may not have used a payday loan, but have the capacity to service the loan, as new applications will typically have a greater chance of being accepted for a payday loan through our approval system”.­­­­­

Via EPR Network
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Paydayloansavailable.com Aiming to Decrease Application Times

Paydayloansavailable.com is the latest online payday lender to have adapted an online lending portal to service UK residents who may be in need of an unsecured lending facility. With the onset of broker style lending,  payday loans are now being processed online in the UK by many service providers using state of the art ‘’Pingtree” technology, working in unison with the UK’s leading payday lenders, and the application facility now being operated by Paydayloansavailable.com is certainly no exception.

The application harnesses secure technology to enable new and existing applicants to push their details through to a panel of lenders after submitting one application form online. The details are transmitted through to the lenders via the application and the subsequent decision is made by one of the chosen payday loan lenders. Jenny Davis, applications manager at Paydayloansavailable.com explained, ‘’we have decided to integrate a Pingtree style application within the site to give applicants a credible opportunity to access funds. The main advantage we have is that all of our applications are submitted to different lenders. The payday providers will then either accept the loan application based on the data that has been submitted, or it will be declined. Either way there is a reduced time implication which can only serve to benefit our customers”.

Online payday lenders are now entrenched within the UK’s unsecured finance sector and it is evident the increased competition has not always culminated in an improved service provided. But, Paydayloansavailable.com aims to at least serve their customers quicker than ever before, as well as giving them increased opportunity to secure short term, unsecured funding online. Jenny Davis added, ‘’there is still a real need in the UK for short term loans and unfortunately there is not the availability of funding through the mainstream lending channels. Whilst we do not condone irresponsible lending, it is important to acknowledge there is a need for credit and we hope to be able to provide an opportunity for finance”.

Paydayloansavailable.com is aiming to make an impact on the lending sector in the UK. Despite their relatively short time operating online, by implementing cutting edge technology into their service provision, they may well be making a positive statement of intent.

Via EPR Network
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247 Payday UK Launches New Payday Loans Website with a Conscience

Payday loans website, 247 Payday UK launched at midnight on April 24th 2012. The message is clear that this new online lending facility wants to be ”a little bit different” in comparison to other payday lenders currently operating in the somewhat saturated payday loans market within the United Kingdom.

With a new website fresh out of the wraps, a dedicated marketing team and an ethical approach to lending, it is hoped that the future could be bright for 247 Payday UK.

Richard Painter, 247 Payday UK’s operations manager explained, ”from the outset we have wanted to be clear with our customers around issues such as payday loan repayment costs and implications of taking on this type of loan arrangement”. Although the website is in its infancy 247 Payday UK has focused on transparency, providing a payday loans guide that Richard added, ”will continue to be built upon and developed over time to ultimately create a hub of information for new and existing customers”.

Richard has over 5 years’ experience within the UK payday market and stated that he has seen a shift in recent times to a more competitive sector, but would like ”more transparency and openness between the lender and the customer”.

His involvement with various payday loans operations all over the UK has enabled Richard to see the positive and negative aspects of the industry. Richard is clearly excited at being part of the new team and explained, ”we have sourced some experienced payday loan specialists, with a blend of youth and experience, to hopefully create a winning formula in helping to promote our fresh and innovative payday site”.

With 247 Payday UK coming into an already tough financial sector, it may well be a bumpy road ahead for Richard and his team. It is however evident that they are not attempting to reinvent the wheel, but to be open and honest with their potential customers and this could ultimately be a winning formula.

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Barclays Bankers May Lose £1bn Bonus To PPI Claims Says PPI Claims Company Simple Financial Solutions

Barclays bank is considering a move that will see the bonuses planned for its staff cut to pay the fines and compensation claims for PPI mis-selling, and may even institute a claw back of bonuses already paid, says PPI Claims Company Simple Financial Solutions.

In the wake of Sir John Vickers banking reform report, Barclays Chief Executive Bob Diamond has put forward the idea that some of the large fines for PPI mis-selling could be met by withholding the bonuses of its staff as a type of penance and using the money to meet its PPI mis-selling commitments instead.

In a meeting with the MPs of the Treasury Select Committee, Mr Diamond was taken to task by Committee Chair Andrew Tyrie about PPI mis-selling. In explaining that the staff responsible for the mis-selling had now gone, Mr Diamond added in reference to the PPI fines: “We are taking into account in our businesses that impact in our remuneration.”

Some believe his comments have come following the decision of Lloyds bank to claw back some of the bonus its chief executive, Eric Daniels, received because of the heavy financial toll of £3.2bn the PPI mis-selling scandal  is predicted to have on the lender.

However, Mr Diamond appeared to be losing patience with proceedings when later asked about bankers’ level of pay and remarked that it was ‘disappointing’ to be asked about it again. ‘I was looking forward to a discussion on the Independent Commission on Banking and its report and we’re right on to the same issues as last time, which I do find disappointing,’ he said.

A spokesperson for PPI Claims Company Simple Financial Solutions, said: “It seems that the bankers wish everyone would just shut up and forget about the PPI mis-selling scandal, as if it is water under the bridge, old history, best forgotten. Nobody has forgotten Mr Diamond’s comments earlier this year when he proclaimed the time for‘remorse and apology’ was over. The trouble is, it isn’t and it won’t be. Barclays has been identified as being one of the worst offenders for dragging its heels over settlingPPI claims and until the matter is fully concluded and Barclay’s customers are properly and fairly treated, Mr Diamond will hear a great deal more on the subject.”

“Cutting staff bonuses for poor performance is just the start of the steps Barclays should be taking to get its house in order. A bonus claw back from those senior manager who time and again failed at their jobs and caused this mess would be a good idea and might see Barclays earn a little lost respect back from customers.”

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As The Credit Card Industry Suffers Revenue Losses, Consumers In Need Of a New Line of Credit Option

Overall, the credit card industry earned almost 6% less revenue in 2011 than during the previous year, in large part due to a decrease in the use of credit cards by shoppers and, as a result, less revolving credit that can be subjected to interest charges and fees. While come consumers have made a conscious effort to wean themselves off of spending on credit cards in an attempt to get a handle on their personal debt, others were forced into a credit card-free lifestyle during and after the Great Recession when many card issuers terminated the accounts of risky borrowers. Recent years have seen many lenders competing fiercely amongst themselves in order to pursue only the most creditworthy individuals.

Now with the nation’s economic situation slowly but steadily improving, credit card issuers are feeling more comfortable about relaxing their underwriting standards. This, combined with their acute need to acquire new cardholders in order to shore up some of their revenue losses of late, means that many lenders will looking beyond those with good and excellent credit scores in 2012. This opens up a whole slew of opportunities for people with less-than-perfect credit histories as they can reasonably expect lenders to increase their offering of credit cards for fair credit.

Consumers should beware of rising interest rates on borrowing as credit card issuers flounder to recoup some of their loss of earnings. In fact, experts have reported that going in to the New Year, the average interest rate on consumer credit cards is 15.14%, higher than the 14.75% APR that was the national average just six months ago. One option for consumers to find temporary reprieve from high interest rates is to look into 0 balance transfer credit cards which, when used wisely, can be an invaluable tool when it comes to handling debt.

Credit card companies are going to have to come up with some hard and fast ways to up their revenue over the coming year, whether they resort to raising interest rates, laying off employees, making more unsecured credit cards for bad credit available, some combination of the above or employing another technique altogether.

Via EPR Network
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Payday Loans Company Makes Strides With Recycling Programme

Payday Express has long since recycled paper and toner cartridges and made steps towards having a paperless office, but has now expanded its recycling efforts further with a new general waste recycling program.

Disposing responsibly of waste paper was only the start of Payday Express’s efforts to minimise its carbon footprint, and it has now teamed up with Revolution Recycling, a London-based provider of recycling services for businesses.

This now means that Payday Express and their staff can further reduce the negative impact on the environment by recycling their thin card, plastic, metal cans, and glass, and staff are impressed by how easy it is to be more environmentally responsible.

Administrator Kristina Winch said that the company-wide approach to improving awareness of what could be done was paying dividends.

“We have gone from strength to strength as a company in the way we have changed how our staff are encouraged to think about the environment”, she said.

“This new set-up will help us all play a bigger part in our ongoing efforts to protect the environment.”
And Payday Express, operations manager Sarah Carroll added: “Expanding our recycling policy is part of the company’s ongoing commitment to environmental responsibility.

“Hopefully, now that they can see how easy it is to play their part, staff will take the recycling message home with them and put it into practice there too.”

Via EPR Network
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Pensioners Suffering As The Money Runs Out, Says Debt Solutions Company Trust Deed Scotland

A new report reveals that pensioners across the UK are being left penniless as their money disappears every week in a whirlwind of bills, says Debt Solutions Company, Trust Deed Scotland.

An income of £207.15 per week is typical for most pensioned couples, but a report by Standard Life shows it goes straight back out the door as £207.24 is spent on food, fuel, housing and transport.

The report highlights rising inflation as the reason why the average pensioner has difficulties making ends and are being hit hard – many are having issues even affording a new pair of shoes, a holiday or a present for a grandchild.

While the Consumer Price Index remained the same in September at 4.5%, the Retail Price Index was hovering at 5.2% and threatening to rise again. Pensioner have a fixed income that doesn’t change from month to month, and that combined with inflation and large energy rises from utilities companies means turn some have turned towards credit cards to make ends meet.

A spokesperson for Scottish Debt Solutions Company, Trust Deed Scotland, said:
“According to Age UK, British pensioners are the fourth poorest in Europe, with the worst off set to lose up to 22% of their household income because of cuts to local authority services and changes to the tax and benefits system. This report highlights the dire position our parents and grandparents are in. At a time when they should be relaxing after a lifetime of working, they are pinching pennies and worrying about what the future will hold for them.”

The day before Standard Life published its report, the Institute of Fiscal Studies issued a warning about how ‘real’ inflation was hitting pensioners much harder than younger age groups.

“The Insolvency Service reported the fastest rising group of people claiming insolvency is pensioners,” said the spokesperson. “They are six times more likely to go bankrupt or take out a debt solution such as a Scottish Trust Deed or Debt Arrangement Schemethan they were just a decade ago. The number of people entering retirement with unpaid debts has increased, and when combined with increased life expectancy, the recession and limited options to increase income when you retire, it adds up to a lot of older people in real trouble”.

According to the Consumer Credit Counseling Service the average unsecured debt of newly retired pensioners is £21,370 and few have any savings at all. Once all the bills have been covered, there’s just £85 left at the end of the month.

“There are numerous reasons why pensioners are entering retirement in debt,” said the spokesperson. “Previous good house values led to many people remortgaging for home improvements or to loan to children or grand children for house deposits. There’s also the issue of divorce, where one partner will often buy the other out of their share of the property by extending their mortgage. And then some people are marrying and having families much later in life or having second families in their fifties.”

“For many life as a retiree in today’s world is just as expensive as it was when they were working, but now they have less income to live on.”

Via EPR Network
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Tracesmart Adds 2011 Electoral Roll Data To Its Records

Tracesmart has announced it has expanded its wealth of accurate, up-to-date data with the recent addition of 2011 edited Electoral Roll records. The inclusion of this information to its online people search website will significantly help increase user’s tracing success rates and reunite many more families and friends.

The Electoral Roll is an extremely important reference point for those individuals looking to find lost family members and friends, as it provides the most accurate snapshot of the UK’s population.

Commenting on inclusion of Electoral Roll 2011 data within its database, Paul Weathersby, Tracesmart’s technical director stated: “Electoral Roll data plays a pivotal role in the tracing process, and the more accurate and recent the data, the more likely it is that a trace can be conducted successfully. As a business, it is crucial to us that our customers enjoy the highest success rates possible, we therefore aim to provide access to Electoral Roll data at the earliest possible opportunity each year.

Encouragingly, this year’s edited Electoral Roll has seen the first decrease in the opt-out rate, since it was introduced. The drop, from 46% in 2010 to 45% in 2011, should see more records being available. However, there is still a large section of UK citizens unaccounted for on the edited version of the Electoral Roll and as such we will continue to source additional data to fill in the blanks.”

Maintaining the accuracy of this information is of high importance to Tracesmart, who will be updating the 2011 Electoral Roll on a monthly basis using Rolling Register updates. The Rolling Register allows people to re-register on the Electoral Roll if their personal circumstances change mid-electoral year. Rolling Register updates account for approximately 250,000 amendments each month.

Noting the importance of ensuring that its customers have the latest data made available to them, Owen Roberts, head of PR at Tracesmart, commented: “Our aim is to help people reunite with their families and reconnect with friends that they’ve lost contact with. The addition of the 2011 Electoral Roll and our commitment to keep this updated on a monthly basis highlights our devotion to reuniting family and friends.”

Via EPR Network
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Blair Rewards Program Offers Outstanding Benefits, Find Out How You Can Save Everyday

I like to save money in any and all areas of my life. I also like to share the details of my savings with friends and family. My most recent find is the Blair Rewards program. From everyday purchases such as groceries to big-ticket items such as vacation packages, Blair Rewards offers deep discounts to its members for a low monthly fee. I am surprised each month when I add up what I save, and when I show the bottom line to another friend or family member, I’m not surprised by how quickly they sign up themselves.

I joined BlairRewards via a 30-day trial membership. My savings more than paid for the low monthly fee that first month, so I continued my membership. The Blair Rewards program conveniently charges my credit card each month, so I don’t have to do anything to continue my membership. And, were I to want to cancel my Blair Rewards membership, it would take just a phone call. I can’t imagine doing that, though, with the savings I have been receiving, such as:

Dining out – Between 10 and 50 percent, that’s what I have saved at participating restaurants through my Blair Rewards Program membership. Dining out has always been the first cost to be cut during times when I needed to trim expenses. Now, I don’t have to go without eating at my favorite restaurants during lean months. Blair Rewards allows me to continue having a social life.

Movie tickets – I see an average of five movies per month, so this BlairRewards perk easily proves worth the cost of membership each month. Instead of purchasing my tickets at the movie theater box office, I order them ahead of time through the Blair rewards program. Combined with the dining out savings, Blair Rewards makes date night possible.

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Blair Rewards Program Shows The People Tony’s True Color

The former Prime Minister of the United Kingdom, Tony Blair has a reputation as a keen deal finagler with the ability to get in and out questionable circumstances warranting the name, Teflon Tony. While the principle Blair rewards complaints entered the media for Tony’s use of public funds to impart gifts, vacations, and promoting positions for individuals serving his personal agenda, the general public has laid witness to the results of his actions. While Blair rewards may seem harmless enough and may be considered business as usual, it is somewhat unfortunate that it was not known as Britain rewards resulting in the benefit to the UK.

In business as in government it is quite difficult to come across individuals that do what is in the best interest of the business or government respectively. Blairrewards is simply an illustration of how time and again countries elect individuals that are supposed to be serving the people and the country’s best interest only to have the position leveraged for personal gain.

While there is good reason for the Blair rewards complaints, it is somewhat more clear how the result of Tony’s previous position has left the country in shambles while he goes on to enjoy the lucrative process of reaping the crops sewn while he was in office.

In many ways, the British people are apathetic after all there is not much to be done about it now. They must work especially hard to weather the storm that was induced by leadership rooted in a Blair rewards program that has left the people out in the cold. The key result of all of this is in the determination of the people to not allow it to reoccur or if they will concede to others promoting themselves and demonstrating poor leadership over a nation.

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Blair Rewards Membership Makes Redeeming Rewards And Saving Money Easy

Before discovering Blair Rewards membership, I paid too much for just about everything. Dining out, movie tickets, vacations … you name it, I didn’t get the best price possible for it. Then, I tried a 30-day trial membership to Blair Rewards and discovered significant savings. I never pay more than I have to now, and can’t imagine sticking to my budget without BlairRewards. Here are just a few of the ways I save each month, thanks to my membership:

Prescription medications – Through my Blair Rewards membership, I receive up to 55 percent off of the prescription medications I need each month. With the cost of prescriptions medications rising every day, this is one Blair Rewards perk that more than covers the cost of membership each month.

Movie tickets – I love to go to the movies, and I go four or five times a month. Before joining BlairRewards, I purchased my tickets through the movie theater box office just like most everyone else. Now, I order my tickets in advance at a reduced rate. Some programs offer discounted tickets but place unreasonable limits on how many you can purchase annually. The limit through my Blair Rewards membership is 100 per year, which more than covers my monthly needs.

Gift cards – When I purchase gift cards from Blair Rewards partner merchants – which include all of the retailers and restaurant chains I frequent – I receive 20 percent cash back. It’s a great way to not only save money on gifts, but to use gift cards for my family’s purchases.

Vacations – I cringe when I think about how much I overspent on travel before signing up for my blair rewards membership. Through the Blair Rewards Program VIP Travel Center, I receive up to 10 percent off of the booking price of our vacation packages and up to 50 percent off of hotel rooms. We’ve even received complimentary upgrades on rooms before. The travel center even helps plan our vacations. Our next trip will involve a theme park, for sure, as BlairRewards can get us up to 50 percent off of admission.

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EZ Saver Rewards Saves Money Keeping Easy Saver Cancellations A Thing Of The Past

A friend recently told me that she planned to cancel her ez saver rewards membership. Money has been tight for her family, and she didn’t feel like she could afford the low monthly fee. I reminded her of the hundreds of dollars she has saved over the years on a variety of products and services. I also asked her if the savings covered the monthly membership fee. It did, and she began to reconsider her decision to fill out an easy saver cancellations form. I also told her about the many ways I have learned to save money through my easysaver rewards membership, including:

Home Improvements – The ez saver rewards membership we belong to partners with more than a few national home improvement stores. Whenever I need to buy anything related to the home, from paint to patio furniture to a new vacuum cleaner, I pair the purchase with my easysaver rewards program membership for significant savings. I reminded my friend that she had several home improvement projects unfinished and that if she filled out the easy saver cancellations form, she would be costing herself money in the long run.

Dinner and a Movie – My ez saver rewards membership makes it possible for my husband and I to have a night out on the town every week. I order discounted movie tickets through the program, along with gift certificates at less than face value for our favorite restaurants. She had never used this particular part of the easysaver rewards program we both belong to, and her eyes lit up when she heard about it. At this point, I saw that she was reconsidering filling out an easy saver cancellations form.

Travel – I use my ez saver rewards membership to plan our vacations. Not only do we save money on cruises and spa getaways, but our program comes with access to a trip planner. The planner recommends hotels, and even restaurants in the cities we visit. While my friend won’t be able to afford a spa getaway anytime soon, she does travel back to the east coast to see her elderly parents twice a year. When they bring the entire family, she finds that staying in a hotel suits everyone best. She had not considered the impact filling out the easy saver cancellations form would have on that part of her life.

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Easy Saver Rewards Provides Great Benefits And Easy Ways To Cancel My Easy Saver Rewards

Two years ago, I was invited to join an easy saver rewards membership program when I made a purchase from one of the program’s partners. It was easy to sign up, and I received a significant discount off of my purchase. I pay a low monthly membership fee and in return, I receive savings opportunities for products and services at a diverse group of stores. I have saved hundreds of dollars with my membership, and each and every month the savings more than paid for the membership fee. Which was why I had such mixed feelings about my decision to cancel my easy saver rewards membership.

My husband lost his job and we had to take a long, hard look at our expenses. We decided that since we were going to be in a holding pattern on spending money on anything but the essentials, that I should cancel my easysaver rewards membership until he was working full time again. We knew we would be giving up the regular opportunities that we had to save money, such as:

Discounted movie tickets and restaurant gift certificates – This is the area where we will feel the loss of my easy saver rewards membership the most. Having the ability to order blocks of movie tickets ahead of time at a reduce rate allowed us to have a weekly date night. We combined the discounted movie tickets with restaurant gift certificates, which we purchased at below face value through my easysaver rewards membership. Date night will no longer be weekly, maybe monthly, once I cancel my easy saver rewards membership.

We’ll also need to put on hold the many home improvement projects we had in the works. My easy saver rewards membership program partnered with several national home improvement store chains, making it easy for us to save money on the repairs we were making to our home. My husband losing his job couldn’t have come at a worse time, as we have several unfinished projects around the house. If we have to sell our home, that won’t help our curb appeal. It’s unfortunate that I have to cancel my easy saver rewards membership before we are done.

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