A new report has shown that millions of UK consumers are unaware of how much they can expect to be charged for entering their current account overdraft. Bank charges can often lead to debt management problems for many British consumers,…
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Thousands of young British consumers are facing “huge amounts of debt” when they leave university, according to Kelvin Lillywhite, spokesperson for Best Advice Financial Planning. Mr Lillywhite suggests that students around the country are borrowing money from a variety of…
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The Conservative Party has blamed the new prime minister Gordon Brown for the relative lack of savings among consumers across the UK. During his time as chancellor, Mr Brown has left millions of people around the country without an inclination…
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Thousands of British consumers have been unable to contribute to any kind of savings account because of ongoing debt management problems, according to recent research. Figures compiled by the Post Office show that around one in four adults in the…
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The attitudes of banking groups in the UK are leading to a “slight drop-off” in the number of people entering an Individual Voluntary Arrangement (IVA) in recent months, one expert has suggested. Chris Tapp from the Credit Action charity insists…
A number of different economic factors have ensured that young consumers in the UK are facing the deepest debt management problems, according to reports. Economics editor at the Independent Sean O’Grady insists that “debt is concentrated among the young” and…
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Money lenders in the UK ought to give their customers some “financial breathing space” when their debt management problems are getting out of control, it has been suggested. Picture Financial insists that lenders can help their customers to maintain a…
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Thousands of British consumers are missing out on what could be worthwhile debt advice by keeping their financial difficulties to themselves, according to recent research. Figures compiled by the Legal Services Commission show that only 18 per cent of consumers…
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