The current financial market could have “implications” for those in debt during 2008, warns the Financial Services Authority (FSA). The FSA has published its Financial Risk Outlook, which warns that the current economic climate could pose problems for those with…
Continue reading the "High borrowing ‘could cause problems in 2008’" »
Around 11 per cent of those with credit card debt missed month payments in the second half of 2007, according to research by MoneyExpert.com. The figures amount to over five million people who need debt help, as late payments can…
Continue reading the "Credit crunch ‘sees rise in missed payments’" »
Those with credit card debt could be affected as banks reduce spending limits for some customers, according to Fool.co.uk. The finance website reports that 12 per cent of credit card holders have had their limits reduced by an average of…
Continue reading the "Consumers ‘should act promptly on debt’" »
British consumers around the country are facing up to the reality of their personal finance and debt management realities in the early part of this year, it has been claimed. According to the assessment of Richard Watters from the property…
Continue reading the "Brits ‘facing up to financial realities’" »
Many families in the UK are not in a strong enough financial position to face the economic squeeze that is set to come in 2008, according to one MP. Phillip Hammond, a treasury spokesperson for the Conservative Party, has claimed…
Continue reading the "UK families ‘ill-prepared’ to face economic squeeze" »
A warning has been issued over a clause in some mortgage deals that could see British borrowers lose their homes without realising they were at risk. Certain lenders include an “all monies charge” in their mortgage contracts that mean customers…
Continue reading the "Warning over clause that could see Brits lose homes" »
British borrowers have been urged to switch their loan providers half way through a particular deal if more competitive alternatives are available. According to uSwitch.com, failing to change loan providers when better deals are available costs people aiming to become…
Continue reading the "Borrowers urged to ‘switch mid-term’" »
Lenders in the UK are on high alert and are extremely concerned about the risks involved with offering deals to potential customer, it has been suggested. The Royal Institute of Chartered Surveyors (Rics) has claimed that the cautious attitude to…
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
