Many Britons are ignoring their debts and not making payments on their credit card balances, a new survey has revealed. According to Confused.com, the closure of one in five accounts across the UK by providers was as a result of…
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The creation of a financial education body aimed at debtors – as set out in yesterday’s Queen’s Speech and which will be included in the upcoming Financial Services Bill – has been welcomed by the Association of Investment Companies (AIC),…
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A new best-buy mortgage deal has been launched by Abbey at 3.69 per cent, suggesting that debtors may benefit from these lower rates. The two-year fixed tariff is available with a £799 fee for purchase, while remortgaging can be agreed…
Comparison sites have been highlighted as providing a poor service for those searching for financial products, a new survey has revealed. According to Which? Money, average customer scores for such web pages are lower than any other financial sector the…
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Online video hosting network YouTube is being used increasingly by independent financial advisors (IFAs), a move that is likely to help debtors access information and counsel more easily. According to Philip Calvert, the founder of social networking site IFA Life,…
The use of mortgages for consolidation of unsecured, short-term debt has been derided as “rarely a good idea” by a financial website. According to Money.co.uk, by doing this debtors risk putting their homes in jeopardy if repayments on the mortgage…
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The amount of council tax charged to UK residents has doubled since Labour came to power in 1997, which may have had a hand in the debt management problems of many in the country. According to the Daily Mail, the…
A number of first-time buyers are struggling to get onto the property ladder as they are finding it hard to amass deposits. This is according to Helen Adams, managing director of FirstRungNow, who observed that, although the rise in mortgage…
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