An article from Times online points out that desperate banks and credit card companies are increasingly taking people’s unsecured loans and getting them secured against the borrower’s house instead. The lenders are using charging orders to do this, sometimes with…
Parents around the country are handing over considerable sums of money to help their grown-up children solve debt management problems, it has been asserted. Anne Young, a savings expert at Scottish Widows, has suggested that while parents helping their children…
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Money lenders in the UK are “running scared” of the effects of the credit crunch, one expert has claimed. Interest rates have been rising on small loans as creditors look to avoid losing out as a result of the financial…
Securing a good deal on a debt consolidation loan is becoming more difficult for people in the UK, according to one expert. Anna Sofat from the wealth management company Addidi has asserted that the credit crunch has seen many of…
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University graduates in the UK are “being squeezed form all sides” as the interest charges on their debts increase, it has been claimed. According to the Conservative Party, the rate of interest a typical British graduate is obliged to pay…
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The base rate of interest will be cut by a quarter-point next month, according to the assessment of one expert. Howard Archer, chief UK and European economist at Global Insight, has made clear his view that the financial constraints around…
As many as one in four people around the UK are reaching the state pension age while still having debt management problems to worry about, according to recent research. Figures compiled as part of a Barclays and Help the Aged…
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British holidaymakers are wasting millions of pounds each year on what most people would consider to be junk, according to a recent study. Figures compiled on behalf of Cahoot have shown that a third of British people feel compelled to…
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