The proposals were put forward by the party’s social justice policy review group, headed by former leader Iain Duncan Smith. Mr Duncan Smith’s review also called for more regulation for the banking sector to encourage more responsible lending and funding…
Continue reading the "Tories ponder ‘community-based debt management’" »
The trade body warned that new legislation or the introduction of a regulatory agency would only hinder efforts to help people needing debt advice. Low interest rates, easy access to money and a relaxed attitude to borrowing have seen many…
Continue reading the "More regulation ‘would not help people in debt’" »
Debt management problems look likely to worsen for credit consumers across the country following the latest rise in the cost of borrowing and property will become less affordable particularly for first time buyers, the CML suggests. “For anyone wanting to…
Continue reading the "Affordability issues will worsen, says CML" »
With over-50s in the UK already dealing with debt management concerns, research by Hartford Life found that three in five people in this age bracket have not taken steps to protect themselves from rising costs of living. The recent study…
Mr Holmes, operations director at First Rung, insists that it is the spectre of unmanageable long-term debt levels and not concerns over stamp duty or the tendency to overspend that is keeping young consumers off Britain’s housing ladder. To make…
Continue reading the "Long-term factors ‘squeezing young consumers’" »
The market analyst company suggests that the increasing financial pressures on consumers looking to clear debt will drive the growth in the industry, which the Financial Services Authority (FSA) said last week showed “weaknesses in responsible lending practices”. Datamonitor forecasts…
Continue reading the "Sub-prime lending ‘set to increase’" »
With consumers throughout the country already dealing with debt management problems, figures from Abbey have shown that parents in the UK spend close to £4.7 billion on keeping their children amused while they are not in school. Furthermore, each parental…
Continue reading the "Parents ‘face financial struggle to keep kids entertained’" »
Carol Richardson from wedding planning specialist Confetti suggests that soon-to-be-married couples who decide to borrow to fund their ceremony should shop around to make sure they get a good deal on a personal loan. Establishing a budget and sticking to…
Continue reading the "Expert offers tips to avoid wedding day debts" »
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