Creditors should be more cautious about lending money to British consumers, according to the chancellor Alistair Darling. Debt management has put serious financial strain on millions of families around the UK and Mr Darling maintains that both lenders and borrowers…
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With debt management problems mounting for millions of families around the UK, the Conservative Party has claimed that Gordon Brown’s economic policies have seen household incomes become increasingly stretched. Shadow chief secretary to the Treasury Phillip Hammond insists that the…
High street banks in the UK have a conflict of interest that means they are unlikely to offer entirely impartial debt advice, it has been suggested. A spokesperson for Debt Free Direct claims that creditors are likely to advise their…
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British consumers could avoid adding to their debt management misery by giving careful consideration to their financial options before opting to borrow more money, one expert has asserted. James Ketchell from the Consumer Credit Counselling Service (CCCS) suggests that people…
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The Bank of England will maintain the cost of borrowing at its current level of 5.75 per cent “for the time being”, according to one expert. In what will come as welcome news for many British consumers in search of…
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More than five million people around the UK are convinced that they will never escape their debt management difficulties, according to recent research. A study commissioned by moneysupermarket.com shows that debt management problems are made worse by consolidation loans for…
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Prospective mortgage borrowers in the UK have been warned that hey could be charged non-refundable fees simply for applying for a particular home loan. According to mform.co.uk, a number of high-street lenders are charging anyone who applies for a mortgage,…
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First homes are becoming less affordable for consumers around the UK, according to the latest figures from the Council of Mortgage Lenders (CML). As debt management problems worsen for millions of people around the country, the CML data shows that…
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