A range of advice has been issued by Callcredit with the aim of helping UK consumers avoid a debt management hangover in the early part of next year. The credit reference agency is keen to see shoppers around the country…
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The Bank of England has announced its decision to cut the base rate of interest in the UK by a quarter of one per cent. It is thought that the reduction in the base rate could have a positive impact…
British consumers could spend a collective total of around £170 billion on their credit cards if every borrowing limit was reached, it has been revealed. Research by Moneysupermarket.com has found that while many of people around the country are struggling…
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Anyone facing debt management difficulties in the UK needs to take “decisive action” to find a solution to their financial problems, according to Steve Folkard from the AXA insurance firm. Mr Folkard is convinced that the whole of British society…
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British consumers borrow money in a many cases because they want to enjoy the same kind of lifestyle as their favourite celebrities, it has been suggested. A report from Standard Life has claimed that many people are prepared to add…
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A number of financial services groups in the UK have agreed the principles of a new “streamlined” set of Individual Voluntary Arrangement (IVA) standards that are aimed at helping people with unmanageable debts. The new set of standards are reported…
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There is likely to be a sharp increase in property repossessions in the UK next year, according to Ray Boulger, senior technical manager at the mortgage advisor John Charcol. Mr Boulger suggests that homeowners who have borrowed under the terms…
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Economic experts from a variety of organisations have predicted that the base rate of interest will remain at 5.75 per cent until early 2008. The Bank of England’s monetary policy committee is to meet on Thursday (December 6th) to decide…
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