Liberal Democrat Treasury spokesman Vince Cable has declared that credit unions play a “crucial role” in helping financially excluded borrowers. Addressing an event hosted by the Association of British Credit Unions, Mr Cable suggested that sub-prime borrowers, such as those…
The number of British consumers declaring insolvency is likely to have increased bythe time the latest official figures are released, according to one finance expert. Ian Gould, from the accountancy firm PKF, told the Birmingham Mail that he expects to…
Continue reading the "Expert predicts rise in insolvency rates" »
Around nine per cent of former students have considered entering bankruptcy as a way to solve their debt management problems, according to recent research carried out by uSwitch.com. The financial comparison firm reports that as the levels of debt being…
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Between the beginning of April and the end of June 2007, more than 16,000 people in England and Wales opted to declare bankruptcy by way of a debt solution, according to data released by the Insolvency Service. However, on a…
With official figures from the Insolvency Service due to be released later this week, accountancy firm KPMG expects that the total number of bankruptcies in the UK to have increased by ten per cent during the second quarter of the…
Continue reading the "Bankruptcy figures ‘soar across Britain’" »
Duncan Philp, senior consultant at law firm and estate agent Macbeth Currie, insists that while British consumers generally had a fear of entering bankruptcy well into the 1990s, these concerns have largely faded away during the 21st century. However, Mr…
Market researchers at Datamonitor say the sub-prime market which facilitates mortgages for those people with poor credit histories is set to grow at a quicker rate than the mainstream market. The firm said that it expected the market would reach…
According to the politicians, mortgages have not been as unaffordable as they are now for people in Wales in around 16 years and there are many credit consumers who find themselves in a “very precarious position”. To highlight the extent…
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