British consumers have been spending far too much money in recent years, one expert has asserted. Professor Peter Spencer, chief economist for the Ernst & Young Item Club, suggested recently that while the UK’s economic growth is set to slow,…
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British consumers are paying the price for failing to secure the most competitive mortgage deals available, it has been claimed. With debt management continuing to be a problem for millions of UK consumers, figures from Abbey have demonstrated that mortgage…
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Lending standards employed by banks in Europe became tighter towards the end of last year, it has been reported. A survey by the European Central Bank (ECB) found a “sharp tightening” in the last quarter of 2008, Thomson Financial reports.…
The number of people seeking debt advice has risen dramatically in recent weeks, according to new reports. Insolvency advisers have seen a boost in inquiries of more than 60 per cent in the last month as householders confront the reality…
British consumers have been urged to shop around to find the most competitive personal finance deals on the market. It is possible, despite the recent turmoil in financial markets, to save money and potentially avoid debt management problems by taking…
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The number of people applying to enter an Individual Voluntary Arrangement (IVA) looks set to increase this year, according to one expert. With credit deals more difficult to attain and the cost of borrowing likely to increase, Chris Tapp from…
Indebted British homeowners are seeing their finances squeezed from three separate sources, it has been suggested. The National Homebuyers company claims that remortgaging has become more difficult for anyone coming of a fixed-rate deal, interest rates are at relatively high…
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The rate at which would-be borrowers in the UK were refused credit applications increased over the course of last year, it has been revealed. According to research carried out by Equifax, there was 16 per cent more people turned down…
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