British consumers are effectively burning away their own money by adding to savings accounts while at the same time paying off interest on their credit card debts, a new study has made clear. Figures from Fool.co.uk show that as much…
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Britain has developed a credit culture that has left millions of people struggling to become debt free, one expert has asserted. In earlier decades consumers would save before making any significant purchase, but in recent years easy access to loans…
The Financial Services Authority (FSA) has singled out a number of mortgage lenders from around the UK whose practices it deemed to be sub-standard, it has been revealed. Many British consumers have found themselves facing serious debt management difficulties after…
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Credit consumers across the UK are cutting back on the amounts of money they borrow from high-street lenders, according to the most recent data from the British Bankers Association (BBA). Millions of people in the UK are struggling to become…
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The Citizens Advice charity has warned that the banking practice of increasing credit limits without proper solicitation is contributing to the debt management woes of many UK consumers. With this in mind the charity, which offers debt advice to thousands…
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A new banking code has been drawn up and is promising to ensure that British consumers who are facing financial difficulties are given more help from the service providers. The changes to the way banks aim to operate in the…
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A cut in the base rate of interest, which could help many people dealing with debt management difficulties, appears likely over the coming months, but the timing of the reduction is not easy to predict, one expert has made clear.…
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Home loans are likely to become more expensive over the course of the next few months, according to the Council of Mortgage Lenders (CML). Financial markets in the UK and around the world have been pressurised in recent months and…
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