British consumers will borrow an increased amount of money over the course of December 2007 than was the case during the same month last year, it has been suggested. After assessing the latest lending data published by the Bank of…
Bosses of companies across the UK have been urged to help their employees deal with the psychological effects of debt management problems. Healthcare firm Bupa suggests that unless steps are taken by employers to help staff who are struggling to…
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More than three million UK consumers now use their credit cards every day, according to a recent study by Abbey. With debt management problems worsening nationwide, the financial services firm reports that as many as 18 million people now spend…
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The rising costs of borrowing are having an impact on the household finances of the millions of people dealing with debt management difficulties in the UK, according to the Consumer Credit Counselling Service (CCCS). Many people will feel the financial…
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Many of the UK’s young consumers end up in financial trouble because of a lack of money-related education at an early age, it has been claimed. Wendy van den Hende, chief executive of the Personal Finance Education Group (Pfeg), insists…
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A number of experts on bankruptcy have been travelling to secondary schools around the country as part of a drive aimed at teaching children about the dangers of poor financial management. The initiative has been led by the Association of…
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The Bank of England has opted to maintain the base rate of interest at its current level of 5.75 per cent, it has been revealed. Millions of credit consumers around the UK are struggling to become debt free and some…
Competitive interest rates on personal loans could soon be a “thing of the past”, according to financial comparison firm Moneyfacts. A range of economic factors have seen money lenders become increasingly cautious in the UK and many of the most…
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