Ulster Unionist MP Lady Sylvia Hermon called the scale of the figures “shocking”, a sizeable amount of money that could lead many people to consider bankruptcy. “On the face of it this debt and these figures are shocking,” said Lady…
According to the British Bankers’ Association (BBA), net growth was £10 billion, “well down” on August’s loan increase of £14.6 billion and the six-month average of £15.4 billion. The rise in credit card debt fell at a slower rate than…
Amidst growing criticism that PPI is hard to claim and could push people into unnecessary debt, the watchdog is to clamp down on the loan insurance sector. “Following the work we have undertaken it is clear that many consumers are…
In its report on the success of the National Strategy for Financial Capability, the authority states that it has helped “thousands” and will go on to help a further ten million with financial and debt management advice by 2010. John…
In its reviews of firms selling the policies that are meant to offer protection on loan repayments, the authority said that information was often unclear and PPI was even sold when it was of no benefit to the holder. “The…
Continue reading the "PPI sellers ‘continue to be unfair’" »
In the AA Savings report, nearly a third of parents said that they expect to end up broke due to paying for children, while 17 per cent specifically expect to pay off their offspring’s student debts. Lloyd East, director of…
According to Lloyds TSB premier American Express credit card, failure to consider gifts as part of a debt management plan is costing £736 million each year. “Life can be stressful and leaving things to the last minute can not only…
Yet according to IFA Promotion, around half will break this promise of better debt management as 52 per cent of people breach a new year resolution by June. “Many of us clearly have good intentions when it comes to sorting…
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