Even the big lenders such as Abbey are giving savings of up to 3.8 per cent off their high street price for people who take out a loan online. “For basic financial products such as savings accounts and personal loans,…

According to the Joseph Rowntree Foundation report, debt levels mean that people would rather work informally to get instant cash than work formally and risk waiting for bureaucrats to process payment. Report author Aaron Barbour said of the problem: “People…

People should make credit payments on time, but as soon as this becomes unfeasible action should be taken. James Jones, consumer affairs manager at Experian, commented: “If you struggle to repay your debt, or if you circumstances change, you should…

Samantha Owens, research editor at Moneyfacts, states that banks may increase interest rates or charge for current accounts, if and when they do lower fees as requested by the Office of Fair Trading. “Banks will probably find another way to…

New instructions to sale rocketed by 18 per cent in May, the fastest increase for a year. The stock of available homes for sale also increased to an average of 72.4 properties per surveyor in May, up from 71.5 in…

The consumer finance website claims that by stopping interest free introductory offers, the credit card provider could set a precedent which will stop people switching debts to other credit cards when the offer runs out – known as rate tarts.…

MyCallcredit says its survey reveals that 90 per cent of Britons are happy with debt levels but only a fifth plan to reduce borrowing and do not plan for their position to worsen within the year. MyCallcredit director Alison Nicholson…