Credit will become increasingly hard to come by in the UK over the course of the next few months, one expert has asserted. Vicky Redwood, UK economist at Capital Economics, is convinced that the trend toward more stringent lending practices…
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The credit crunch that has been causing turmoil in financial markets around the world is about to hit home with consumers in the UK, it has been suggested. According to the Guardian’s economic expert Deborah Hargreaves, the problems that have…
The International Monetary Fund (IMF) has predicted that economic growth in the UK will fall short of the government estimates made earlier this year. According to the fund, the economic issues affecting the US will have a notably impact in…
A total of 13 debt collection companies have been warned about their conduct by the Office of Fair Trading (OFT), it has emerged. The businesses cited have fallen foul of the OFT’s rules governing acceptable behaviour with regards debt collection…
Consumers facing debt management problems in the UK need to make sure that they know where they can get help with their personal finance issues, it has been suggested. In the wake of bad news on the British economy, the…
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The National Association of Estate Agents (NAEA) has called on the Bank of England to cut its base rate of interest, it has emerged. According to the association, a reduction in the cost of borrowing is needed in order to…
British consumers are increasingly using credit card debt in a way that effectively removes the need for a short-term personal loan, it has been claimed. According to a report from Moneysupermarket.com, there has been a trend in recent months and…
A new set of laws have been introduced that will aim to clamp down on what are deemed to be rogue money lenders operating in the UK, it has emerged. The government has claimed that its newly-introduced Consumer Credit Act…
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