Melanie Giles, a leading insolvency practitioner, who has worked in the industry for over two decades, said that IVAs are something which consumers have become more aware of thanks to the media. “The reason why there are so many IVAs…
Continue reading the "IVAs a practical solution to debt, says expert" »
Mark Hoban, MP for Fareham, who was appointed shadow financial secretary to the Treasury in 2005, said that lenders need to actively refer struggling customers to organisations such as Citizens Advice and the Consumer Credit Counselling Service. These organisations offer…
Continue reading the "Banks need to “actively refer” struggling clients" »
Lord Baker of Dorking said that one of the government’s greatest achievements was to make it easier for people to go bankrupt. His comments came as the government disclosed there had been almost 63,000 bankruptcies in England and Wales last…
Continue reading the "Government accused of encouraging insolvencies" »
MoneyFacts has said that some of the most affordable unsecured loans on the market some of which are still below six per cent APR could reach ten per cent or more before the end of the year. According to the…
Continue reading the "PPI crackdown ‘signals the end of cheap loans’" »
According to the website, the number of lenders offering personal loans with interest rates of six per cent or less has halved over the past year, while the average rate across the whole loans industry has risen to 10.98 per…
Continue reading the "‘Take out cheap loans before they disappear’" »
According to Moneysupermarket, a late payment could result in a damaged credit profile, a loss of all introductory card benefits and interest charges of around £280. The price comparison site found that 62 per cent of cards that offer a…
Continue reading the "Watch out for cards ‘with a sting in their tail’" »
Research by Moneyfacts has revealed that on a three-year £5,000 loan, only four lenders still offer rates below six per cent, while more than 40 per cent of the market charge eight per cent or more; a further 16 per…
Research from Abbey has revealed that one in five potential first-time buyers would move back in with their parents in order to save money to afford a mortgage. Half would abstain from alcohol and holidays to keep their savings intact,…
Continue reading the "First-time buyers willing to sacrifice to save money" »
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.
