The number of personal insolvencies looks set to exceed 30,000 once more as an increasing amount of people on low incomes are declaring themselves bankrupt, it has been suggested. This may be because more are opting for debt relief orders…
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Britons are reducing their heating bills in the winter by layering their clothing instead, a new report has revealed – behaviour which may be driven by a desire to prevent further debt problems. The study, conducted by moneysupermarket.com, indicated that…
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Mass-market customers may be at a disadvantage as a result of the Financial Services Authority’s (FSA’s) proposals set out in its documentation for the retail distribution review (RDR). This is the opinion of Scottish Widows, which – although it does…
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Those struggling with debt management problems may find themselves at a greater disadvantage if they need to travel anywhere by train as a new survey has revealed soaring prices in the rail industry for long-distance journeys. The report brought to…
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The savings market is inadvertently helping borrowers as it is promoting greater mortgage lending, an industry expert has said. Quoting Moneyfacts 7, which revealed that banks and building societies are offering rates of five per cent or more, Ray Boulger…
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Debtors are increasingly wary about supermarket brands acting as banks, a new study has shown, revealing that only a small proportion of the country would consider taking out a mortgage with such institutions. The study, conducted by moneysupermarket.com, indicated that…
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Debtors in the UK have been offered a greater range of saving products, following the merger between The Co-operative Financial Services and Britannia, including the launch of two fixed-rate ISAs. Prior to the collaboration with Britannia, Co-operative customers were not…
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Overdraft facilities are increasingly confusing those who are using them, an industry expert has claimed, despite the fact that attempts have been made to simplify charging structures in this area. Head of banking at moneysupermarket.com Kevin Mountford remarked that these…
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