Each year, women in Birmingham who spend more than half of their borrowed income on shopping for fashionable items will splash out over £1,813 on average, which is almost £773 greater than the typical British spendaholic, uSwitch has revealed. And…
Continue reading the "Birmingham tops fashion shopping league" »
Sandra Quinn told Channel 4’s News at Noon programme that the proposals are not designed to increase the amount of credit card debt individual consumers amass, but rather to encourage them to use one card instead of another from another…
Continue reading the "Charges indicate ‘changing credit card market’" »
Bosses at what is one of the largest banking organisations in Britain suggested that the profit success builds on Lloyds TSB’s “improved earnings momentum that has been achieved over the last few years”. And as Britain’s debt management troubles and…
Continue reading the "Pre-tax profits hit £4.25bn at Lloyds TSB" »
The IPA, which is now responsible for regulating the Debt Resolution Forum, suggests a “lite” qualification would not undermine fully licensed insolvency practitioners and would benefit those working in the UK’s debt management industry. In the interests of both practitioners…
Continue reading the "New qualification aims to improve IVA process" »
James Alexander was responding to his company’s own estimation that each household in the UK has added around £475 per year to the overall profits of the five largest banks. In light of the wake of dramatic increases in the…
Continue reading the "Brits “right to question” bank profit margins" »
The banks customers, including those with credit card debt, could generate an income of £1.79 million from the scheme. Nick White, director of financial services at price comparison and switching website uSwitch commented on what he said has been a…
Continue reading the "Lloyds TSB slammed over credit card fees" »
Reflecting on the debt management problems affecting hundreds of people in the Oldham area where he is based, Robert Cooksey of IVA firm Bridgestones suggested credit is being handed out too readily by lenders. In addition, Mr Cooksey went on…
In the wake of a series of interest rate rises, increasing numbers of management professionals are struggling with mortgage arrears due to higher levels of monthly charges, a survey from emedia has revealed. And this is seen to reflect on…
Continue reading the "Payment fears strike half a million households" »
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