According to the Lib Dems, consumers in the UK are now spending more of their annual income on trying to clear debtthan has been the case since 1997 and debt management problems are mounting as the cost of borrowing increases.…
Continue reading the "Calls for Brown to tackle mounting debt problems" »
With debt management problems being heightened for consumers across the country, there are close to 2.8 million adults in the UK who are afraid to confront their own bank balances, figures from the financial service firm demonstrate. And the problem,…
Continue reading the "Millions of Brits ‘ignoring their finances’" »
Research by the independent personal finance firm found that only two in five credit card users are happy with the services they receive, while 80 per cent of people who spend money in this way value provider reputation above financial…
Continue reading the "Millions of credit card user ‘not happy with providers’" »
As part of a new initiative, the FSA has called on UK universities to take part in its Money Doctors scheme, which aims to give student advisors the resources they need to help the country’s indebted young people. Steve Stillwell,…
Continue reading the "Homebuyers warned over ‘hidden fees’" »
Moneyfacts.co.uk claims that while consumers across the country often concern themselves with an array of costs associated with buying a home, the issue of valuation fees is commonly overlooked. And the money search engine is urging prospective mortgage lenders to…
Continue reading the "FSA aims to assist indebted students" »
As debt management problems worsen for millions of consumers across the country, HSBC intends to start charging its graduate account customers an annual interest rate of close to ten per cent. The charges are scheduled to come in from August…
A study by MoneyExpert found that during the last six months an average of 7,716 people have missed their loan repayments each day in the UK as the cost of borrowing has continued to increase. Furthermore, the proportion of people…
Continue reading the "‘Thousands of Brits missing loan repayments’" »
Citing Consumer Credit Counselling Service (CCCS) figures the OFT claims 18 to 24-year-olds in Britain now have an average of £12,790 worth of personal loan, overdraft and credit card debt and the organisation is encouraging young people to become more…
Continue reading the "OFT highlights teenage debt problems" »
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