The recently introduced 2006 Consumer Credit Act hopes to prevent lenders from leaving credit consumers out of pocket and unfairly facing serious debt management or debt management concerns. And the new law has been hailed by the government as one…
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Millions of consumers looking to find a debt solution find household bills difficult to pay of and many people are unwittingly switching to more expensive deals, researchers from Oxford and East Anglia universities have concluded. In response to the findings…
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Nicholas Leeming, director of property website propertyfinder.com, claims the average mortgage repayment for the British homeowner has increased by £120 per month compared with the same month in 2006. “On top of that, the typical first time buyer has now…
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Much of the rise in the number of loan rejections, which can potentially have a negative impact on an individual’s credit rating, is being put down to the number of applications being made without appropriate advice via the internet, MoneyExpert…
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The site suggests that unless consumers are fully aware of the kind of costs associated with spending on their plastic products while abroad they consumers could be heightening their debt management problems and face a hefty bill when returning to…
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Concerns that interest rates are due to rise leaves many people looking to avoid being vulnerable to heightened debt management pressure, figures from the Council of Mortgage Lenders (CML) have suggested. Fears over potential debt management issues have helped push…
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Debt management problems can pile up if the details of a purchase are not understood by consumers, who can subsequently face unexpected bills for repairs to household goods or electrical items, comparison site Gocompare.com explains. Insurance arrangement oversights are one…
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On reporting its first financial figures recently, the Money Debt & Credit Group indicated that it anticipates more and more Brits will turn to IVAs as a way out of their mounting personal loan and credit card debts. Part of…
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