Lenders in the UK are risking billions of pounds by not insisting on seeing proof of income from their customers, according to recent research. Price comparison firm uSwitch.com has found that almost 85 per cent of all credit applicants did…
The interest level offered by the average fixed-rate mortgage deal in the UK has hit a ten-year high, according to the latest figures. Moneyfacts reports that the typical interest level on a two-year fix is currently around 6.75 per cent,…
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More and more people in the UK are starting to worry about the prospect of repossession, it has been revealed. A study carried out recently by Equifax found that around 20 per cent of homeowners fear that they could find…
Store cards are the effectively the devil in disguise as far as consumers should be concerned, it has been claimed. According to Ed Bowsher from price comparison firm Fool.co.uk, shoppers are seeing their debt management problems become much worse by…
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An increasing number of British borrowers are seeking help from intermediary advisors before taking on a loan, according to a new set of figures. The Association of Mortgage Intermediaries (AMI) has revealed that over the past 12 months 80 per…
A review has been launched with the aim of assessing the latest evidence of how debt management problems and mental health are linked in the UK. The Finance and Leasing Association, the Royal College of Psychiatrists and the Money Advice…
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Given the state of the economy, this is not time to relax, indebted UK consumers have been warned. According to a report from GE Money, an increasing number of people are adjusting their spending habits in the wake of the…
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Consumers have been told that they should not expect an imminent return to the era of relatively cheap debt. According to Darren Cook, a spokesperson for Moneyfacts.co.uk, it will be a matter of years and not weeks or months before…
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