Its argument centres on the proposed establishment of a generic financial advice service in Britain to help lift those on low incomes out of debt management trouble and bring people into the financial mainstream. So far many major financial service…
Continue reading the "Finance firms ‘should help those excluded’" »
Paul Smith, chief executive of haart estate agents, asserts that a rise in the cost of borrowing would have had a negative impact on Britain’s housing market, which he claims is still reeling from the shock rate increase in January.…
Continue reading the "Rate freeze ‘will help borrowers’ confidence’" »
Britain’s base rate of interest is to be held at 5.25 per cent, giving those people facing debt management a welcome reprieve from higher repayment charges, the Bank of England’s monetary policy committee (MPC) has decided. A decision not to…
A full three million people living in the UK count themselves among the country’s frivolous spenders, figures from the recent Unbiased poll reveal. Meanwhile, with the British debt management problems continuing to pile up, the research found that only 1.5…
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The OFT ruled that, in effect, banks had been breaking the law by levying ‘unfair’ charges to fund their operations, at the expense of the ordinary financial consumer, Mr McManus maintains. And with millions of Brits facing potential bankruptcy and…
The Association of British Credit Unions (Abcul) has made clear that the Yorkshire-based union played a major part in the award of Beacon status for Sheffield City Council to increase access to mainstream financial products and services. Working with various…
Continue reading the "National boost for Sheffield Credit Union" »
Phillip Beck, from freeivadvice.co.uk, maintains that “lax lending policies” have resulted in people gaining credit when they are clearly unsuited to such an arrangement and subsequently found themselves facing serious financial difficulties. Mr Beck commented: “The banks could very easily…
Continue reading the "Lenders ‘not blameless’ as debts mount up" »
The report was carried out in recent weeks by the South Bedfordshire District Council and concludes that with courts reluctant to rule against tenants or force them to clear their rent arrears, a debt solution in this case is proving…
Continue reading the "Council report highlights regional rent arrears" »
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