Great “Improve Money Rules In 50 Words” Hunt. What easy changes for our politicians

black_taxi_2

ALGEBRA/COMPOUND INTEREST at school--i was tought algebra--instead of compound interest/debt/finance, which would of changed my life.do banks have an interest in schools not teaching about personal finance.

jellyhead

jezebel wrote: »

Sliding Scale of Prescriptions for low income - free or reduced prescriptions where people are in work but not earning a "living wage".

---

Doesn't this already happen? I know somebody on tax credits who gets free prescriptions.

When I was at uni students couldn't get them free though, despite being much worse off than they'd be on the dole.

siber

Tax executive income at 95% for earnings/rewards/benefits totalling over 50x (or other arbitrary multiple) the lowest annual salary the company pays to any other full-time worker. This ensures that executive pay can only go up significantly if the lowest paid workers' wages also increase.

dvs

In addition to the suggestion 'Right to know the rate you'll get before applications go on credit files', I also think that:

Lenders should assess your application (based on their criteria from the information you have given) and only if you meet that criteria, should they then proceed to a credit check.

There is no point in carrying out a credit check if they know they will not accept you anyway.

chou_123

Young people who have a good savings history, should not be penalised because they have no credit history.

dvs

Credit card and loan interest rates capped to say 20% (or Bank of England base rate plus X%)

dvs

Credit cards should show the interest rate you are paying, whether this rate is considered competitive (traffic light type system) and show how long it will take you to repay at your current repayment level (along with the overall cost).

I think if people saw that the balance was going to take 3 years or more to repay, they might think twice.

dvs

I know this might be unpopular with some but

Balance transfers prohibited on credit cards

Credit cards should be for purchases and not shifting money around. If companies want to take on your debt, they should offer you a loan which at least has a repayment date. Credit cards can take a lifetime to repay. In the current economic climate, many people are finding themselves stuck with high interest rates and no new accounts to transfer balances to.

dvs

Free time-limited parking (15 minutes to 30 minutes) on roads near shops.

To help local businesses.

dvs

Scrap Sunday Trading laws.

Sunday isn't a holy day for all of us.