Given the current climate of rising interest rates, fixed-rate deals are tempting more and more British consumers, but redemption fees can often run in to many thousands of pounds, according to MoneyExpert.com. With millions of Britons already dealing with debt…
Continue reading the "Fixed-rate mortgages ‘can have sting in the tail’" »
After increasing the cost of borrowing in July for the fifth time in less than a year, the Bank of England’s monetary policy committee has opted to hold fire and maintain the base rate at 5.75 per cent for another…
Research by the Association of Business Recovery Professionals (R3) also found that, despite the increasing prevalence of debt management problems across the UK, only eight per cent of those polled found it difficult to access credit. Moreover, a full 62…
Continue reading the "Debts ‘out of control for 1 in 5 Brits’" »
Collectively British consumers owed around £1,345 billion at the end of June 2007 and excluding mortgage arrears the average UK household has close to £8,840 in outstanding debts. Additionally, more than 5,000 British adults now approach Citizens Advice about debt…
Continue reading the "UK’s personal debt ‘up 10% since last year’" »
With debt management difficulties already mounting for millions of consumers, the latest figures suggest 25 per cent of young holidaymakers will turn to their parents for financial assistance this summer. The research carried out by Lloyds TSB also discovered that…
Continue reading the "Young holidaymakers ‘adding to parents’ debt woes’" »
Each firm has been fined £10,500 as the FSA takes steps to clamp down on mortgage lenders handing out loans that leave consumers with an unsustainable debt management situation. As part of a review of more than 250 companies around…
Continue reading the "Mortgage lenders slammed for ‘poor processes’" »
Mr Morris lays part of the blame for the worsening debt management difficulties being faced by millions of consumers across the UK at the door of money lending businesses around the country. “The market is giving money away too quickly…
Continue reading the "Expert slams ‘careless’ money lenders" »
With official figures from the Insolvency Service due to be released later this week, accountancy firm KPMG expects that the total number of bankruptcies in the UK to have increased by ten per cent during the second quarter of the…
Continue reading the "Bankruptcy figures ‘soar across Britain’" »
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
