The numbers of people in the UK complaining about the financial services they have received have reached record levels, it has been revealed. An unprecedented number of almost 800,000 enquiries were made to the Financial Ombudsman Service (FOS) over the…
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Fears over the rising rate of inflation have sparked an upsurge in debt consolidation activity in the UK, it has been suggested. Concerns over the rising cost of living have motivated around seven per cent of British consumers to consolidate…
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The lack of credit availability has seen the rate of financial services switching activity fall over the past 12 months, according to a recent study. Figures from MoneyExpert.com have revealed that there were 17 per cent fewer instances of financial…
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Homeowners are having to give up their pets due to increasing living costs, it has been suggested. Animal rescue centres across the UK are being inundated with dogs, cats, rabbits and other household pets as people try to come to…
More cooperation between the government, banking groups and debt advice providers is required if the UK’s struggling homeowners are to be helped effectively, it has been claimed. The Money Advice Trust is keen to see organisations across the country work…
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A new report has highlighted the growing prevalence of payday loans across the UK. Figures compiled on behalf of Moneysupermarket.com have shown that an increasing number of British consumers are resorting to short-term high-interest loans in order to cover their…
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British consumers need to avoid reliance on debt as they aim to manage their finances effectively, according to one expert. Chris Tapp, director of the charity group Credit Action, is convinced that the rises in everyday living costs could see…
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The number of people facing County Court Judgments (CCJs)due to the extent of their debt management woes has been rising significantly across the UK in recent months. Certain areas of the country have been particularly hard hit in this respect…
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