Meanwhile, those people who are currently under the age of 25 in the UK are “financially less ambitious” and have different reasons for taking out credit, according to Malcolm Hurlston chairman of the Consumer Credit Counselling Service (CCCS). “People forget…
Continue reading the "Debt expert explains changes in financial habits" »
Industry ought to “take account of and look to try to tackle” the tendency among consumers to find credit management an impossible task, Mr Jones suggests. But the finance expert did maintain that for the most part British credit consumers…
Continue reading the "Debt issues ‘need to be tackled by industry’" »
Often a released prisoner finds it impossible to find a debt solution having been handed a flat rate payment of £47 to survive financially in open society, claims the organisation. And in some cases, a wait of weeks for benefit…
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The Institute for Public Policy Research (ippr) suggests that many of the ocuntry’s poorest people would benefit significantly if the government were to offer 50p in every pound saved by those on benefits. A pilot scheme has been so successful…
Continue reading the "Calls for chancellor to help the poor" »
And with council taxes causing debt management troubles for many people across the country, a full 65 per cent of British adults discuss the issue with family and friends, suggests Unbiased.co.uk. David Elms, chief executive of unbiased.co.uk, said: “It’s no…
Continue reading the "Council tax rises providing a ‘hot topic’" »
More than 700,000 people who withdraw cash on their credit card could be worsening their debt management and credit card debt problems as they are unaware of the resulting charges, uSwitch figures suggest. And this figure equates to around 11…
Continue reading the "‘Brits paying for chip and Pin ignorance’" »
Recent uSwitch research suggests many Brits facing debt management trouble are suffering further financial woes due to these “exorbitant rates of interest” being charged on credit card cash withdrawals. Often consumers deicide to take out cash on their credit card…
Continue reading the "Credit card holders charged ‘extra £41m a year’" »
Teresa Perchard from Citizens Advice also suggests that a debt solution can be particularly hard to find for those with limited incomes as a result of a lack of access to a range of financial products. Often people living under…
Continue reading the "Expert highlights plight of the low income indebted" »
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