The Bank of England’s monetary policy committee (MPC) has increased the cost of borrowing from 4.5 per cent prior to August 2006 to the current 5.25 per cent rate and may well consider a further rise is necessary this month,…
Continue reading the "Further interest rate hike ‘in the balance’" »
The financial services provider has revealed that almost one quarter (24 per cent) of those polled as part of the latest Abbey Lifestyle Report cited money worries as the primary issue affecting their wellbeing. And as the UK’s debt management…
Continue reading the "Finances ‘Britain’s biggest concern’" »
January lending figures fell by 500 million from 2005 to 2007, the bank recently revealed, which demonstrates an increasing trend among British consumers to avoid credit card debt, Howard Archer, chief UK and European economist at Global Insight claims. And…
Continue reading the "Borrowing figures ‘reflect tighter personal budgets’" »
Tracey Mullins, a spokesperson for the Association of Independent Financial Advisers (AIFA), has suggested that while her organisation’s members are not primarily concerned with debt management issues, such concerns are now impacting upon everyone. And the spiralling credit card debts…
Continue reading the "Debt woes ‘fuelling’ demand for financial advice" »
The average Brit who attempts to take up driving but fails to pass their test spends as much as £687 on lessons before giving up on the idea, research from Churchill has established. And many of those who do manage…
Continue reading the "Not learning to drive proves costly for 4m Brits" »
The UK’s fourth-biggest group became the latest bank to announce dramatic growth in takings last year with a total of £5.7 billion, although it also allocated more than £1.7 billion in provisions for writing off credit card debt and other…
While consumers may now receive bills for services such as mobile phone lines and satellite television, research from UK payments association Apacs reveals that the way people pay their bills is also changing. Although there has been a growth in…
Continue reading the "Apacs: More household bills than ever before" »
Within the realm of banking and credit-related issues, the FOS has confirmed that a large number of complaints focus on the alleged unfairness of a lender’s decision not to provide funds, or the provision of funds when it wasn’t apparent…
Continue reading the "FOS ‘focuses’ on complaints over lending" »
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