The Office of Fair Trading (OFT) has welcomed a decision by the High Court to allow it to assess the fairness of unauthorised overdraft charges. Such charges can often make matters worse for people struggling to become debt free and…
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The effects of the credit crunch could eventually see students struggling as a result of the financial constraints placed on their parents. Many students face debt management issues soon after graduating and most rely to some extent on parental help…
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Demand for debt among UK consumers is being constrained by the range of pressures on personal finances, it has been suggested. According to the latest assessment from the British Bankers’ Association (BBA), fewer people are applying to their high street…
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The Bank of England’s monetary policy committee (MPC) was split over the issue of where to set the base rate of interest when they met earlier this month, it has been revealed. Minutes from the latest meeting showed that six…
Broadband users across the UK are being stung by extra charges from their internet service providers, according to a new report. A study by Moneysupermarket.com has suggested that almost one in four Britons with a broadband connection admit to only…
Consumers with debt management problems have been urged not to hide these difficulties from their money lenders. In the long run, it is always better to be upfront with creditors about the state of your finance, particularly mortgage lenders, according…
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Borrowers in the UK have been warned to keep their guard up in terms of how they manage their finances, it has emerged. David Kuo from Fool.co.uk has suggested that credit consumers need to remain vigilant to avoid paying higher…
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As many as 6.8 million British consumers are believed to be in debt to their utility supplier, it has been revealed. Figures compiled by uSwitch.com have shown that the average amount owed to energy firms is around £114 and the…
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