IVA levels ‘set to hit record’
This year will see the number of personal insolvencies in the UK hitting a record high, it has been predicted.
Such a forecast has come from accoun…
Repossession risk may rise as Bean hints at rate hike
A senior member of the Bank of England's Monetary Policy Committee (MPC) has warned new inflationary pressures could leave the body with no choice…
Continue reading the "Repossession risk may rise as Bean hints at rate hike" »
Card debt may rise as rates continue to soar
New data has suggested credit card debt could increase as providers continue to hike their charges.
Such a development is taking place because of t…
Continue reading the "Card debt may rise as rates continue to soar" »
Directive ‘will benefit borrowers’
New consumer credit rules will provide borrowers with greater information and more rights, it has been claimed.
Such features are among the element…
Financial education bid to beat debt
With problems like credit card debt, repossession and frequent resorts to IVA help or bankruptcy, it may seem clear enough that something needs to be …
Continue reading the "Financial education bid to beat debt" »
January debt burden ‘leads to missed essential bills’
Some consumers miss paying essential bills because of the cost of meeting their debt repayments in January, it has been stated.
Managing director o…
Continue reading the "January debt burden ‘leads to missed essential bills’" »
UK affluence ‘on the decline’
A survey of Britons has revealed the majority believe living standards have declined since 2007, the year the credit crunch started.
The Scottish P…
Becoming debt free to be made harder by rental worries?
At a time when the rise in the cost of living has put the squeeze on many households, it appears those who rent privately could be next in line to suf…
Continue reading the "Becoming debt free to be made harder by rental worries?" »