PPI has been widely criticised in recent months for failing to provide value for money, only increasing the amount of money that consumers have to pay and not providing sufficient protection in the event of something going wrong. But the…
Inflation currently stands at 2.2 per cent, two points above the BoE’s inflation target, prompting many to speculate about an impending interest rate, which would harm those with credit card and loan debts. However, Jonathan Said of the Centre for…
Continue reading the "Inflationary pressures unlikely to raise interest rates" »
MEAFs are the latest financial product to come under scrutiny, following concerns over credit card payment charges and payment protection. The FSA announced last September that it would be looking into the issue of MEAFs and whether or not consumers…
Continue reading the "FSA calls for mortgage fee investigation" »
The average cost of a wedding now stands at more than £17,000, but couples planning to tie the knot think their big day will set them back just £6,650, the Alliance & Leicester study shows. This gross misjudgement means some…
The Debt Counsellors have released The Debt Management Report to raise awareness of debt management and draw attention to the potential dangers of becoming involved in such programmes. Debt management programmes are becoming increasingly popular for those facing bankruptcy and…
Continue reading the "Report highlights debt management programme pitfalls" »
The governor of the Bank of England has warned that the future of the stock market might not run smoothly and that interest rates may be set to rise, causing some concern among consumers, in particular those who have mounting…
The bank refers to incidents such as a boiler breaking down as an example of a UFO and adds that only 20 per cent of people who encounter such problems have the savings to cover the cost. Increases in credit…
Continue reading the "“UFOs” identified as a potential source of debt" »
Richard Mahan, 25, took 13 of his parents’ cards to their limit which prompted him to attempt to commit suicide. His defence lawyer John Clancy said that the debt “raises questions about the wisdom of credit card companies allowing borrowing…
Continue reading the "Massive debt triggered by internet gambling" »
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