Homeowners around the UK look set to face increased debt management problems in months to come as they look to secure a new mortgage deal, it has been claimed. Around 1.4 million fixed-rate mortgage arrangements are expected to expire this…
British consumers who are dealing with debt management problems are likely to have a difficult year financially during 2008, it has been suggested. According to Callcredit, the rises in the cost of living and the reduction in the typical scale…
Continue reading the "‘Tough year’ forecast for indebted Brits" »
Banking groups operating in the UK have committed to a new code of conduct that is designed to give consumers a higher standard of service. The code was established by the Financial Services Authority, the Office of Fair Trading and…
More and more British consumers are using credit card debt to fund their everyday activities, according to a new study. Figures compiled by Fool.co.uk have shown that fewer people in the UK now carry cash and an increasingly large proportion…
Confidence among British consumer has hit a 15-year low, according to the latest figures compiled by GfK NOP. The research firm has found that consumer optimism dipped around the country in each of its five assessment categories last month, despite…
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People who use loans in order to fund their everyday activities are facing disaster as a result of rising interest rates, it has been claimed. According to moneysupermarket.com, interest rates in the UK have been rising in recent months, which…
The scale of the UK’s consumer borrowing increased by around £600 million over the course of last month, according to the latest data from the British Bankers’ Association (BBA). January saw an increase of £400 million and the six month…
Continue reading the "Consumer credit ‘up £600m in February’" »
Serious debt management problems are in no one’s interest and consumers should take the steps necessary to solve their financial difficulties, says Gareth Mackie, a spokesperson for Halifax. Mr Mackie has noted that borrowing has become a significant part of…
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