While debt management problems increase for consumers across the country, around 44 per cent of Britons set off on holiday without having saved the amount of money they intended. In addition, more than a fifth of overspending British holidaymakers increase…
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Figures from the financial comparison firm show that more than 460,000 mortgage repayments have been missed in the last six months at a rate of close to 77,000 per month. And with the base rate of interest rising from 4.5…
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For many people having itchy feet might mean increased debt management concerns, but Birmingham Midshires’ latest study shows that around 17 per cent of people are keen to move house within the next four years. And those who live in…
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When debt management problems begin to surface consumers should seek out appropriate advice and inform their lenders of any relevant issues, a spokesperson for the organisation maintains. Moreover, Citizens Advice suggests that credit consumers should shop around and make sure…
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In the wake of another increase in the cost of borrowing, the Tories insist that rising costs of living has been Gordon Brown’s legacy after ten years as chancellor of the exchequer. Citing figures from the Bank of England showing…
Many mortgage borrowers are already stretched to their financial limits and the added pressure of heightened repayment rates in the wake of the increase could leave some homeowners at risk of repossession, the charity maintains. “A rise in mortgage interest…
Continue reading the "Citizens Advice: Rate rise could spell disaster" »
With the base rate of interest now standing at 5.75 per cent, Sean Gardener from MoneyExpert has advised homeowners to protect themselves against further hikes by securing a fixed-rate mortgage deal as soon as possible. Millions of households are already…
Continue reading the "New warning for indebted homeowners" »
With millions of consumers already facing debt management problems, the increase is set to further heighten the pressure on household finances. After the rate-setting monetary policy committee (MPC) voted five to four in favour of maintaining the base rate last…
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