Banks are obliged to lend responsibly in line with a regulatory code, but often other credit providers do not behave with the same scruples and consumers can find themselves paying the price, the BBA suggests. And concerns about the debt…
Continue reading the "BBA in warning over “irresponsible” lenders" »
The UK payment association has revealed that over the course of last year a total of around £321 million was spend on plastic around the country, which represents a threefold increase since 1996. And over the course of 2006 there…
Continue reading the "Plastic spending hits new record high" »
A number of experts, including Global Insight’s chief UK and European economist Howard Archer, anticipate that when the bank’s monetary policy committee (MPC) meets this week they will vote to raise the base rate of interest to 5.75 per cent.…
Continue reading the "Britain ‘set for further financial pressures’" »
Debt management problems are increasing for many consumers around the country, but figures from Halifax Home Insurance have shown that 61 per cent of people could be making savings by being careful before they wash. And the latest research suggests…
And Ms Pfiefer maintains that homeowners in particular will see their debt management problems increase over the course of the next few months as the Bank of England aims to limit inflation though rises in the base rate of interest.…
Figures from MoneyExpert show that each month in the UK there are around 1.23 million household bills going unpaid and that during the last half-year over 7.4 million payment demands have been ignored nationwide. Council tax demands and mobile phone…
Continue reading the "Millions of Brits ‘can’t afford to pay bills’" »
According to a Bank of England statistical release, total net-lending increased in May to £9.5 billion, higher than that of April 2007. The report also showed that the number of loans approved for house purchase increased to 114,000 while those…
Continue reading the "Bank of England: Brits borrowed more in May" »
Student loans from official companies are cited as the best option for academics, while those looking for additional fiscal help are advised to do their research in order to avoid taking on loans which could lead to more debt. Furthermore,…
Continue reading the "Students urged to avoid debt by CCCS" »
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