Speaking in the wake of Citizen’s Advice figures indicating that the number of people looking for debt advice has risen 15 per cent in 12 months across England and Wales, Mr Ketchell claimed banks tend to be willing to help…
Continue reading the "Banks “accommodating” to IVA seekers" »
Only independent regulation will stop indebted Brits being at the mercy of the “bully boy tactics” it claims are employed by some of the country’s bailiffs and this idea should have formed the central theme of the recently drafted tribunals,…
Continue reading the "Citizens Advice calls for more action on bailiffs" »
The so-called tribunals, court and enforcement bill will mean stricter controls over enforcement agents and bailiffs, to ensure the protection of those vulnerable to what the department calls “unscrupulous” debt enforcement agents. “Tens of thousands of people get into debt…
Continue reading the "New bill aims to protect the indebted" »
In fact, the Bank of England’s monetary policy committee was divided 7-2 in favour of maintaining rates at current levels, but the varying opinions within the group are seen to suggest an increase could happen as 2007 progresses. And with…
Continue reading the "Bank of England split over rate rise" »
Defaqto anticipates a “backlash” from banks in response to consumer and regulator pressure to cut charges as Individual Voluntary Arrangements (IVAs) continue to soar in popularity. “I will be very surprised if free banking is universally available in two years…
James Alexander, co-founder and chief executive of online marketplace Zopa, claims that securing massive profits at the expensive of consumers – an increasing number of who are now turning to Individual Voluntary Arrangements (IVAs) or declaring bankruptcy – has become…
Continue reading the "Consumers encouraged to put pressure on banks" »
According to official figures released by the British Bankers’ Association (BBA), while Brits are paying of their credit card debt quicker than ever before, overall individual borrowing levels continues to increase. During January the total amount of money owed to…
Citing Department for Constitutional Affairs statistics, Preston Today reports that almost one third more people chose the IVA rather than be forced into a bankruptcy situation. And this trend is represents a cultural change in the attitudes towards debt management…
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
