Indebted British homeowners are seeing their finances squeezed from three separate sources, it has been suggested. The National Homebuyers company claims that remortgaging has become more difficult for anyone coming of a fixed-rate deal, interest rates are at relatively high…
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For many people in the UK, the cost of living is increasing considerably faster than their wages, it has been claimed. Chris Tapp, director of the Credit Action charity, suggests that while certain sectors of the UK population have seen…
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The number of people applying to enter an Individual Voluntary Arrangement (IVA) looks set to increase this year, according to one expert. With credit deals more difficult to attain and the cost of borrowing likely to increase, Chris Tapp from…
Credit card debt accumulated over the Christmas period looks set to be hanging over the heads of millions of UK consumers for months to come, according to recent research. Sainsbury’s Bank estimates that around 18 per cent of all festive…
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The rate at which would-be borrowers in the UK were refused credit applications increased over the course of last year, it has been revealed. According to research carried out by Equifax, there was 16 per cent more people turned down…
While millions of UK consumers are dealing with debt management problems, one of the country’s biggest energy firms has announced its plans to increase prices. It is anticipated that the price hikes being introduced later this month by EDF Energy…
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The Citizens Advice charity has called for more generic financial information services to be offered in the UK. An initiative being carried out by the organisaiton in collaboration with independent financial advisors (IFAs) from around the country has seen considerable…
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British consumers could be set to lose out even if the Office of Fair Trading (OFT) wins its court battle against some of the country’s leading banks in a test case regarding the fairness of fees, it has been claimed.…
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