The government has been called upon to take action that would help British consumers avoid seeing their debt management problems spiral out of control. Vince Cable, economic spokesperson for the Liberal Democrats, is convinced that prime minister Gordon Brown and…
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Credit applications are being rejected with increasing frequency and this could see more British consumers turn to higher-rate loan deals, according to one economic expert. Neil Munroe, external affairs director for Equifax, is convinced that lending criteria will continue to…
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Money lenders in the UK have been urged to act now to inform their customers about what order their debt repayments are allocated. A law will be introduced in October of this year that will oblige financial service firms to…
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British banks are running scared and behaving like children, according to Ralph Silva, a business analyst with the TowerGroup. Mr Silva has insisted that money received by financial service firms from the Bank of England is being carefully guarded when…
Britain did a “deal with the debt devil” that has been partly to blame for the extent of the country’s current economic problems, it has been claimed. Stephen King, managing director of economics at HSBC, has maintained that the ease…
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The annual percentage rates (APR) being charged on credit card debts in the UK are increasing despite the Bank of England’s cuts in the base rate of interest, it has emerged. According to figures from MoneyExpert, the typical APR being…
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The UK’s housing market is set to experience a “painful correction”, according to the Liberal Democrats’ economic spokesperson Vince Cable. Mr Cable is convinced that debt management problems are worsening for many thousands of families and the housing sector is…
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The Bank of England has opted to cut the base rate of interest by a quarter-point to five per cent, it has been announced. With millions of consumers struggling to maintain control of their debt management problems, the base rate…
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