Borrowers around the UK deliberately conceal the amounts of money they owe in order to gain more credit, it has been claimed. Roger Miller, a senior partner at the Curtis Solicitors firm, told the Plymouth Herald recently that lenders are…
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The Nationwide Building Society has called on credit card service providers to make clear to their customers how their order of payment systems operate. In around a year’s time these service providers will be obliged by law to be more…
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A range of factors will contribute to seeing repossession rates in the UK rise considerably over the course of next year, according to the Council of Mortgage Lenders (CML). The council expects to see debt management become increasingly difficult for…
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As many as one in five British consumers are still paying off credit bills associated with money borrowed last Christmas, according to recent research. Figures compiled on behalf of the money saving website Savebuckets.com show that more than 40 per…
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The burden of debt management in the UK will continue to weigh heavy and impact consumer spending in the long-term, according to one expert. Howard Archer, chief UK and European economist at Global Insight, is convinced that spiralling debt problems…
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Mothers around the country can help ensure that they avoid serious debt management problems by drawing up a financial plan, according to the Egg banking firm. The assertions from Egg come after the company found that new mums in the…
Many of the UK’s young people are facing serious financial difficulties as they begin their adult life, according to recent research. Figures compiled by the Children’s Mutual show that graduates face an average of around £12,000 worth of debt when…
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Borrowers across Britain have been warned that they could still be vulnerable to the implications of the so-called credit crunch that is affecting financial markets around the world. Reflecting on a report from the Bank of England, the comparison firm…
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