Some of the largest financial services firms in Britain have been cutting their minimum repayment rates in recent months and uSwitch.com is concerned that the changes could lead to consumers taking considerably longer to pay off their credit card debt.…
Continue reading the "Millions of credit card users ‘face 30-year debt sentence’" »
The government agency charged with supplying unemployed Britons with their benefit money, Jobcentre Plus, has undergone a series of modernisation initiatives in recent months that have left some of the most vulnerable consumers facing a financial struggle, Citizens Advice insists.…
Continue reading the "Citizens Advice highlights ‘plight of Britain’s jobless’" »
Howard Archer, chief UK and European economist for Global Insight, is convinced that the Bank of England will opt to raise the base rate of interest at some point later this year. Any increase would lead to added financial pressures…
Continue reading the "Brits ‘to face further debt pressure’" »
Figures from the financial services firm show that close to a third of Britons decide to live with their parents while they attend university in an effort to avoid debt management problems when they graduate. And while millions of consumers…
However, reflecting on a newly released Ofgem report on the issue, price comparison firm uSwitch.com claims that the figures do not reveal the complete picture because only those consumers on an official debt repayment plan are counted within the data.…
Continue reading the "Energy debts ‘up a third in three years’" »
AA Legal Services suggests that thousands of first-time buyers in the UK are failing to avoid a range of financial pitfalls because of their desperation to get a foot on the housing ladder. Research by the company shows that 66…
Continue reading the "Warning over ‘home buying pitfalls’" »
In fact, debt management or benefit concerns are now the cause over 60 per cent of cases being brought to the attention of staff at the CAB and in 39 instances the organisation represented their clients in a subsequent court…
Continue reading the "Debt woes for thousands at local CAB" »
Research by the financial services firm found that while the headline inflation rate was 2.4 per cent during June of this year, the figure for households headed by people aged over 75 is significantly higher. And with British adults of…
Continue reading the "‘Inflation bites for elderly Brits’" »
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