The price comparison site suggests that it is borrowers who take out smaller loans – amounts below £5,000 – that are suffering the greatest impact of interest rate increases and finding a debt solution more difficult to come by. Furthermore,…
Continue reading the "Credit consumers ‘being hit by higher rates’" »
Manager at the CAB Marti Lord told the Northampton Chronicle & Echo that his staff have been inundated with requests for advice as debt management problems spiral out of control for many consumers in the local area. Indeed, Mr Lord…
Continue reading the "CAB launches recruitment drive as debt woes worsen" »
The foundation, which operates as an independent body aiming to support low and mid income consumers, is keen to see a thorough explanation of how financial advice will be provided in years to come. And as debt management problems increase…
Continue reading the "Calls for MPs to outline financial advice plans" »
As millions of British consumers stretch their own finances and face debt management problems after buying a home, 40 per cent of first-time property investors cannot explain the distinction between leasehold and freehold property, AA Legal Services research shows. Interest…
Continue reading the "Thousands of homebuyers ‘unclear on the basics’" »
The communications industry regulator Ofcom has announced plans to carry out a review of “additional” charges being levied by operators and Citizens Advice is keen to see consumers, particularly those on low incomes, more effectively protected. Concerns have been raised…
Continue reading the "Citizens Advice calls for ‘fairer’ telecoms charging" »
With consumers’ expectations over prices remaining high, it is expected that personal debt will also increase following the latest rise in interest rates in May. “Last month’s interest rate rise did little to convince consumers that rates had reached a…
The group found that 56 per cent of landlords did not return their tenants’ deposits for a variety of reasons such as property and furniture damage, cleaning costs, missed rental payments or unpaid utility bills. As a result, many tenants…
Continue reading the "Kept deposit money could result in bigger tenant debt" »
Online mortgage company mform has said that four interest rate rises in the past year has forced a number of first-time buyers to take on 100 per cent mortgages and therefore a considerable amount of debt. “There have been four…
Continue reading the "First-time buyers could need advice following rate rise" »
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