My Favorite Business Resources
- Cheap Business Phone Service - Make phone calls anywhere for free or darn close to it.
- Cheap Printing - Always amazing deals on cheap printing with loads of free items.
- Manage Mobile Phone Costs - Great phone for controlling cell phone costs for business or teenagers.
- Really Good Web Hosting - As bullet proof as there is. A strong hosting provider with all the resources you need.

My Favorite Credit Resources
- Consolidate Your Debt - One monthly payment. Stop collection calls.
- Help Budgeting - Online and easy.
- Lower Your Car Payment - Refinance to reduce your monthly payment.
- Credit Report / Credit Score - This consolidated report is better than most.
- Credit Cards - Find the best card for you for low rates, balance transfer, credit rebuilding and rewards.

Dec

2007

Another Crackle in the Credit Crunch - London Scottish Bank

Posted by Steve Rhode as Banking, Credit Cards

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Another UK financial institution may be facing the regulators as London Scottish Bank has announced that they will fall short of regulatory capital requirements. While the UK government was in such a hell fired rush to fork over Ã‚Â£50 billion to shore up Northern Rock, it will be interesting to watch what will happen this time.

Trouble has stemmed from increased impairment provisions for the company in the unsecured consumer credit division, which lends to people with patchy credit records. So this marks the first of a wave of new UK banks that are showing the secondary effects of tighter consumer credit in the UK, higher credit card repayment defaults.

“Until the company has remedied the shortfall of regulatory capital, it may have to restrict new lending volumes and may be unable to pay a final dividend in respect of the year ended October 31,”

We’ll just have to wait and see where this will wind up and inevitably, who will be next to find the tightening of consumer credit to negatively impact their business.

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