IVAs still preferred to bankruptcy
Consumers who suffer insolvency are still more likely to opt for an individual voluntary arrangement (IVA) than bankruptcy, new data has shown.
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Bank of England holds rate again
Recent International Monetary Fund calls for the Bank of England to cut the base rate have gone unheeded as the cost of borrowing was maintained at 0….
Payday loan firm boss denies ‘loan shark’ claims
The founder of payday loans firm Wonga has denied being a 'legalised loan shark'.
In a video interview with the Guardian, Errol Damelin cla…
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Buying ‘cheaper than renting’
Buying a home remains cheaper than renting, the National Federation of Property Professionals has stated.
Chairman of the organisation Ma…
Real household incomes ‘back at 2005 levels’
Consumers struggling to meet their debt repayments may be finding matters harder because their incomes have fallen in real terms to 2005 levels.
Da…
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Consumers warned over credit card charges
British consumers could see their levels of credit card debt soaring because of overseas use charges this summer.
This is due to many peo…
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Britain maintains AAA rating
Britain has enjoyed a rare piece of good economic news at the end of a bad week as ratings agency Standard and Poors confirmed it was maintaining Brit…
British Gas urged to cut prices
British Gas has been urged to trim its gas and electricity prices after parent company Centrica unveiled a large increase in profits.
News that the…