The Student Loans Company is set to reveal that the likely average debt burden for students who start their studies this autumn will be close to £30,000 by the time they leave university. And fears are being raised that a…
Continue reading the "Student debts ‘triple in ten years’" »
Mr Cable suggests that the Bank of England’s decision to maintain the cost of borrowing this month will not spare homeowners a host of debt management worries in the current climate of rising interest rates. Part of the problem is…
Continue reading the "MP forecasts debt woes for homeowners" »
The BBA suggests that consumers should assess their own financial situation in much the same way as they might judge their physical fitness, in order to keep their money matters in good shape. Furthermore, the BBA insists that the Bank…
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Research from uSwitch.com suggests that a degree of consumer “lethargy” has meant credit card providers can introduce relatively uncompetitive repayment plans and yet retain customers for years. According to the price comparison service, around 20 per cent of British credit…
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Any such increase would heighten the debt management problems of millions of homeowners and credit consumers in the UK, but figures from Barclays show that a large majority of investment experts expect the cost of borrowing to rise. In fact,…
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Figures from mform.co.uk show that more than two million British mortgage borrowers are facing debt management difficulties as a result of the series of interest rate increases. And the online mortgage firm is convinced that young borrowers – those aged…
Continue reading the "Homeowners ‘struggling as rate rises bite’" »
UK consumers faced an increase in their debt management difficulties last month after a quarter-point rise was introduced and there were fears that another hike would happen this week. However, the bank’s monetary policy committee has decided that inflationary pressures…
Continue reading the "Bank opts to maintain interest rates" »
According to Which?, there are numerous companies who use 0870 numbers that allow for so-called cost sharing between them and the communications service provider, which can cost as much as eight times as much to call from a BT landline…
Continue reading the "Consumer group slams “rip-off” phone lines" »