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Dear 1ClickMoney.com Readers,

Welcome to the Personal Finance Newsletter (7/4/2011). In this edition we have included news, articles and videos. You can find more resources on our website: 1ClickMoney.com.

Personal Finance News

OAPs face tax increase to fund care
Pensioners should pay extra tax to help cover the 1.7 billion annual cost of introducing a cap on social care bills for the elderly, a Government-commissioned review has suggested. (More)

Banks cutting principal on some mortgages: report (Reuters)
Reuters ? Bank of America Corp and JPMorgan Chase & Co have started modifying tens of thousands of mortgages where the banks deem the loans especially risky, even if the borrowers have not asked, the New York Times reported on Sunday. (More)

Peter Brimelow and Ed Rubenstein?s Charticles: Icelandic socialists better at independence?
Independence Day Thought: Do Icelandic socialists do the independence thing better than the U.S.? U.S. debt burdens have been rising for decades. (More)

Spain to help struggling mortgage holders (AFP)
AFP ? Spain?s government approved measures Friday to help the soaring number of homeowners, many jobless, who cannot pay their mortgages. (More)

Paulson says welcomes Bank of America settlement (Reuters)
Reuters ? Hedge fund manager John Paulson, a long-term investor in Bank of America , said on Thursday he welcomed the settlement reached between the lender and mortgage bond investors. (More)

Personal Finance Articles

Protected Trust Deeds, Research Your Chosen Company Prior to Signing YOUR Trust Deed
There is a rise in the number of lead generation websites, Scottish debt forums and debt charities offering advice on the Scottish equivalent of an IVA ? a Protected Trust Deed. Many of these lead ? (More)

Borrowing or Withdrawing Money from Your 401(k) Plan
If you have a 401(k) plan at work and need some cash, you might be tempted to borrow or withdraw money from it. But keep in mind that the purpose of a 401(k) is to ? (More)

Many Britons struggling to afford to save
Saving for later life is currently out of reach for many Britons, it has been said.People are becoming increasingly aware of the importance of storing money in savings accounts such as ISAs and fixed rate ? (More)

Private Hard Money Loans May Be a Viable Option
During these recessionary times, borrowers are discovering that the normal venues of finance, banks for instance, are drying up. Private hard money loans are coming into their own as viable lending alternatives. (More)

This newsletter is provided by 1ClickMoney.com.

This entry was posted on Monday, July 4th, 2011 at 9:25 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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