Third party organisations are the best option for consumers looking for debt help, it has been suggested. According to the Consumer Credit Counselling Service (CCCS), banking groups and money lenders are not ideally placed to offer appropriate financial advice to…
Experts at Defaqto have warned that borrowing small amounts of money can often lead to a long struggle to become debt free, because of the relatively large interest rates such deals tend to entail. According to the research firm, loans…
Banking groups in the UK are squeezing their customers more than ever before in an effort to make up revenues lost as a result of the so-called credit crunch, it has been suggested. Figures from the financial advisory firm Chase…
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The Bank of England will cut the base rate of interest by a quarter-point over the course of the next few months, one expert has predicted. Howard Archer, chief UK and European economist at Global Insight, is convinced that the…
Credit card users who are looking to reorganise their debts through a balance transfer deal have been urged to read the small print relating to any arrangement they consider. Lisa Taylor from the financial comparison firm Moneyfacts.co.uk warns that when…
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Millions of people around the UK are planning to switch their credit card debt from one provider to another during the next few weeks, it has been suggested. Figures compiled by MoneyExpert show that as many as 2.6 million British…
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For anyone aiming to consolidate their debts, choosing the right loan is crucial, analysts at MoneyFacts.co.uk have made clear. The financial comparison firm is convinced that debt consolidation loans can offer an effective way for indebted consumers to organise their…
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UK consumers have been warned that they could face sizable fees for entering an overdraft facility without their bank’s authorisation. With millions of Britons already struggling to become debt free, MoneyFacts.co.uk has suggested that using an unauthorised overdraft facility can…
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