Credit card lenders in the UK are cutting back on the amounts of money they will allow their customers to borrow, it has been claimed. According to a report from MoneyExpert, the scale of credit card debt British consumers are…
The Bank of England will opt to cut the base rate of interest later this week, according to one expert. Howard Archer, chief UK and European economist at Global Insight, is convinced that the monetary policy committee will trim the…
A report from uSwitch.com has raised concerns that credit checks carried out in the UK are not sufficient to protect consumers from risky borrowing. The price comparison firm has claimed that proof of income was not provided in almost 70…
Money lenders in the UK are tightening their conditions and are making loans less-readily available, according to the latest figures from the Bank of England. The bank’s credit conditions survey established that both secured and unsecured lending activity has been…
Money lenders operating in the UK have been blamed in part for the rise in repossession rates across the country. David Warnes, director of the Repossessions Advice Centre, has claimed that mortgage providers do not go nearly as far as…
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The scale of credit card lending took what experts have described as an unexpected jump during February of this year, it has emerged. Credit card debt held by consumers around the country was worth almost £400 million more at the…
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Taking on a debt consolidation loan can make sense for people with credit deals in place with a number of different lenders, according to one expert. David Kuo, head of personal finance at Fool.co.uk, cited his own company’s research to…
The cost of borrowing money in the UK has been steadily increasing in recent weeks despite the Bank of England’s decision to cut the base rate of interest, it has been claimed. According to data from MoneyExpert, the typical interest…
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