Millions of household bills are going unpaid as British consumers struggle to deal with their respective debt management burdens, according to recent research. Figures from MoneyExpert show that around 6.9 million bills have gone unpaid since June 2007 and many…
The Consumer Credit Counselling Service (CCCS) has warned that many people in the UK could be facing further financial difficulties this year due to increased mortgage repayment demands and rising energy prices. Many thousands of homeowners around the country are…
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More than half of all British consumers overspent during the Christmas period, according to a report from the Department for Work and Pensions (DWP). Around 45 per cent of people planned ahead in 2006 to avoid debt management woes in…
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Unexpected life changing events are causing debt management problems for many thousands of UK consumers, new research has suggested. According to data compiled on behalf of Abbey, around 15 million people in the UK have suffered some form of financial…
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The Bank of England will cut the base rate of interest by a quarter-point over the course of the next few months, one expert has predicted. Howard Archer, chief UK and European economist at Global Insight, is convinced that the…
Banking groups in the UK are squeezing their customers more than ever before in an effort to make up revenues lost as a result of the so-called credit crunch, it has been suggested. Figures from the financial advisory firm Chase…
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Getting a good mortgage deal should be a financial priority for homeowners around the UK, it has been claimed. Cammy Amaira, director of sales at the Intelligent Finance company, suggests that by searching for the most competitive home loan on…
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Credit card users who are looking to reorganise their debts through a balance transfer deal have been urged to read the small print relating to any arrangement they consider. Lisa Taylor from the financial comparison firm Moneyfacts.co.uk warns that when…
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