According to Standard Life, there has been a huge shift in attitudes towards financial management since last year, with ‘clearing debts’ and ‘financial security’ both in the top five of the firm’s so-called ‘happiness mantra’. Ashley Ramsay, from Standard Life…
Continue reading the "Financial resolve ‘making Britain feel good’" »
A study by advice site IVA.co.uk found that 96 per cent of respondents think the credit card industry should be better regulated, while 89 per cent are in favour of additional regulation of banks. When asked about the issue of…
Continue reading the "Credit market ‘dishonest and unethical’" »
Brian Capon, spokesman for the British Bankers’ Association (BBA), said that both sides agreed that any rogue elements in the IVA sector should be driven out. He said there had been two rounds of talks between banks and IVA firms,…
Continue reading the "Banks and IVA firms ‘in positive dialogue’" »
The charity expects debt management advice to increase this year and said that BBA figures which show credit card borrowing to have contracted merely shows that people are borrowing in different ways. However, David Dooks, BBA director of statistics, said…
Continue reading the "New lending figures ‘reflect growing debt crisis’" »
In a reiteration of its stance on the issue, Which? has said that bank charges should not only be fair but should reflect the true administration costs. The consumer group, which calculated that bank customers pay £4.7 billion each year…
Continue reading the "Bank charges ‘unfair, arbitrary and disproportionate’" »
A report by the University of Salford suggests that if housing associations reduced the amount of unpaid rent owed by a tenant they are less likely to rely on non-mainstream forms of credit. This actually helps landlords because it means…
Continue reading the "Financial inclusion ‘good news for tenants and landlords’" »
Realising that mortgages account for £1,000 billion of this debt mountain, the charity has expressed concern that people are taking on home loans that are too much for them, reports Associated Newspapers. Including mortgages, the average amount owed by every…
Continue reading the "Mortgages ‘to blame’ for huge debt mountain" »
MyCallcredit has said that £11.4 billion was spent by 31 million credit card users over the festive period and has recommended that borrowers aim to repay more than the minimum balance and to pay off cards with the highest interest…
Continue reading the "Credit card holders face “payback time”" »
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