Mr Tutton suggests that the latest rise in the cost of borrowing could mean the difference for many consumers between having a manageable credit situation and facing “serious debt”. Additionally, the Citizens Advice spokesperson points out that problems relating to…
Continue reading the "Lenders ‘need to be sympathetic’" »
Finances for thousands of families in the UK are being increasingly stretched as house prices continue to rise and for many the debt management difficulties presented by a further rise in the cost of borrowing will lead to their home…
Continue reading the "Families ‘face homelessness’ after interest rate rise" »
Mr Coles suggests that in light of another rise in the cost of borrowing introduced recently, there are likely to be more people in need of debt advice and that building society employees are on hand to offer a “sympathetic…
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The quarter point increase, which is the second such hike of 2007, will stretch the finances of borrowers across the country and make it more difficult for many to avoid bankruptcy. Financial pressures are likely to increase particularly on home…
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Ultimately, the responsibility for accumulating store or credit card debt lies with the consumer involved, but in many cases details of a given credit arrangement are completely overlooked by those who are obliged to pay the money back, insists Mr…
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David Kuo, head of personal finance at Fool.co.uk, maintains that while in many cases a consolidation loan can help an indebted person avoid bankruptcy, there are cases in which matters are in fact made worse through this sort of debt…
Continue reading the "Expert issues consolidation loan warning" »
Research from the online mortgage firm mform has revealed that 14 per cent of UK homeowners are convinced that they will struggle to meet their mortgage repayment demands if the base rate of interest is increased by a quarter-point. Additionally,…
Continue reading the "Millions of homeowners ‘set for struggle’" »
The firm behind the recent study suggest that while it used to be that a financial windfall might come your way in the event of parental deaths, there are now concerns among young adults that debts instead will be inherited…
Continue reading the "Under-35s fear inheritance debt mountain" »