Philip Beck, who runs the online service freeivaadvice, suggests that for many British consumers bankruptcy can be the right solution to their debt management problem. And this less than traumatic experience of bankruptcy, when relayed to friends, family or colleagues…
Continue reading the "Social stigma of bankruptcy ‘waning’" »
Consumer publication Which? raised concerns recently that there are 12 different methods for calculating APR among the UK’s top 20 financial product providers, which could be leaving thousands of Brits heightening their levels of credit card debt. And as a…
Chris Tapp, associate director for Credit Action, suggested that steps should be taken to ensure one partner does not find him or herself bearing the brunt of a difficult debt management situation. Relevant creditors and credit agencies should be kept…
Continue reading the "Expert offers debt advice to divorcees" »
A new study from MoneyExpert suggests that the level of public unease about charges being levied against bank account users means 13.8 million Brits would pay around £7 each month to avoid them. The research comes in the wake of…
Different methods of calculating interest means that a low APR figure does not always equate to low repayment rates, despite more than half of those facing credit card debt believing this to be the case, Which suggests. And in an…
Continue reading the "Consumers being fooled by ‘cheap’ credit offers" »
SimplySwitch suggests that many of the deals brought in to offset consumer concern over rapidly rising prices are set to expire and could leave thousands of Brits facing further pressure on their debt management situation. According to the company, as…
Continue reading the "Energy consumers issued new price warning" »
The move is seen as a further demonstration of the government’s commitment to helping those people across the UK who are impacted by issues of financial exclusion and can often find themselves facing debt management problems. And with the scale…
Continue reading the "Credit unions welcome fresh funding" »
Howard Archer, chief UK and European economist at Global Insight, maintains that the MPC could vote to increase the base rate of interest nationwide when the decision-making meeting is staged on Thursday April 5th. Any rise in the base rate…
Continue reading the "Interest rate rise “cannot be ruled out”" »
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