Debt fears for Farepak customers
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Some savers who lost out following the collapse of Farepak are turning to doorstep lenders, the BBC learns.
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Attack your debt if the holidays have you wringing your hands over credit card bills.
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HOUSANDS of British Airways passengers are threatened with Bank Holiday misery after the airline cancelled more flights. The news will heighten fears of pandemonium in the coming days as BA struggles to cope with the staff shortage at Heathrow.
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Business & money: Â· Buyout firms blamed for collapse of schemesÂ· Labour donor linked to Â£81m of deficits
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Business & money: Â·  EC looks at forcing down price of mobile roaming Â·   Worries over high costs  for business
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Many hospices struggle with debts as funding promised by ministers has failed to materialise, campaigners say.
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Business & money: City gripped by speculation that a major high street bank has been forced to borrow Â£1.6bn from the Bank of England to see it through a cash-flow problem.
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Business & money: Britain's third largest bank first  to admit it is feeling financial pain of customers reclaiming overdraft and other fees.
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The fund to compensate families who lost savings in the Farepak Christmas fund collapse is to close.
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By Alistair Osborne, Associate City Editor (Filed: 23/11/2004). A high court judge will rule tomorrow whether MyTravel, the troubled package holiday group, can force through an Â£800m debt-for-equity swap without the consent of its bondholders.
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A campaign is launched to help people who put money into savings clubs to prevent a repeat of the Farepak disaster.
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New rules require New York City's yellow taxicabs to accept credit cards from passengers, but some drivers are balking, because of concern over credit-card processing fees and the prospect of smaller tips.
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Lots of debt could mean tough times ahead.
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Business & money: Â· Scant detail 'designed to antagonise', says analystÂ· Debt suspected to have soared to Â£300m
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With three major airlines now in a fiscal tailspin, concern is growing not only that this industry may be facing a large-scale pension funding crisis, but also that all defined benefit plan sponsors could wind up paying for these companies&#39; failures.
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The company will begin payments ranging from $25 toward a future flight to a round-trip ticket to passengers kept waiting by the airlineâs own mistakes.
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Many consumers are propping up their elaborate lifestyles with hidden debt. Itâs something no one likes to talk about.