People facing serious debt management difficulties have been urged not to ignore their problems in the hope that they will disappear. It is particularly important to keep a sharp focus on proceedings if your lender is trying to legal repossess…
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applying for Individual Voluntary Arrangements (IVAs), it has been claimed. According to the UK Insolvency Helpline, fewer homeowners are being denied the option of entering an IVA because the value of their property exceeds their total debts. However, as house…
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Surveyors in the UK have been left to lament the slump in the housing market as homeowners struggle to control their finances and clear debt. According to the Royal Institution of Chartered Surveyors (Rics), the number of transactions its members…
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Banks in Britain are leveraging charges deemed by many to be unfair against more than half of their customers, according to a new report. Research carried out by the Fair Investment Company (FIC) has suggested that around 25 per cent…
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The average annual percentage rates (APRs) being charged by credit card providers in the UK has been increasing in recent months, according to a new report. Figures compiled by MoneyExpert show that after their zero per cent balance transfer period…
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A warning has been issued by the Office of Fair Trading (OFT) over the growing number of businesses trying to exploit the financial vulnerability of insolvent individuals around the country. The OFT reports that a number of companies have been…
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The base rate of interest has been held at five per cent, the Bank of England has announced. Most analysts anticipated that the bank’s monetary policy committee (MPC) would hold fire on the cost of borrowing this month in light…
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An initiative has been launched that will aim to see Citizens Advice Bureaux (CAB) improve the service they offer to people struggling to become debt free. Tens of thousands of consumers use their CAB as a debt advice resource and…
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