The European Commission has announced proposals for stricter regulation for credit rating agencies (CRAs).
The proposal comes as CRAs are perceived to have been a major cause of the credit crunch, the BBC reports.
The new regulations are an attempt to ensure that CRAs act more openly, and that ratings are not affected by conflicts of interest.
The [...]

Mortgage holders with debt concerns are increasingly turning to bad credit loans to keep up mortgage repayments.
Bad credit loan provider Credit Problems No Problem reports growing numbers of homeowners showing interest in bad credit financial products.
A spokesperson for the loan provider said: “We are getting increasing numbers of calls from people who need money to [...]

In the UK, bad credit mortgages have been affected by the credit crunch. The media coverage on the sub-prime market collapse, impact of the credit crunch on the mortgage market and so forth has bought it to the public’s attention.

The direct effect on the UK market has been a massive tightening on bad credit mortgages. There is no denying the severe affect the credit crunch has had on the sub-prime