Ian McCartney, consumer minister, wants to see more people made aware of debt advice and to see less people fall victim to the unscrupulous lending practices of loan sharks. Mr McCartney made his comments ahead of the opening of a…
There was concern among those facing debt management problems that the bank’s monetary policy committee (MPC) would increase interest rates during March, which would have in turn increased repayment pressures. Falling inflation levels and a difficult period for the stock…
With millions facing debt management problems and thousands opting for Individual Voluntary Arrangements (IVAs) in the UK, there is some disquiet among consumers who see many of their banking charges as unfair. As a result, more than 250,000 people have…
More effort should be made by money lenders to ensure that borrowers have a stronger understanding of the potential for debt management disaster in the event of negative unforeseen financial circumstances, Ms Wilks from the National Debtline has suggested. “The…
National Debtline spokesperson Beccy Wilks claims that across the UK there are people with different levels of income all struggling to clear debt they have accumulated as a result of ill advised borrowing decisions. And a widespread “financial illiteracy” has…
Despite rising by a single point to 85 last month, the index rating put overall confidence a full nine points below the level recorded prior to last August’s interest rate rise, Nationwide reports. And with debt management problems influencing the…
Continue reading the "Consumer confidence ‘stays low’ during February" »
The organisation points to its own research, which claims additional charges on credit card debt accumulated by travelling Brits this year will amount to a full £258 million. And this prediction is all the more noteworthy given that over a…
Continue reading the "Post Office highlights credit card charge risk" »
Mr Tapp points to the “freeing up of the market”, particularly while Margaret Thatcher was prime minister, as the reason behind a surge in credit card uptake and subsequent debt management difficulties around the country. This “liberalisation” of money lending…
Continue reading the "Ease of borrowing ‘behind Britain’s debt woe’" »
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