The level of debt owed to UK consumers by their family members has been rising dramatically during the past few years, according to a new study. Research by Skipton Building Society found that the amount of money owed to family…
Millions of credit card borrowers are being hit by higher fees levied by their lenders, according to recent research. Figures from Moneyfacts.co.uk show that interest rates on cash withdrawals have risen on 25 different products and 69 credit card deals…
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A total of 15,833 people declared bankruptcy over the course of the third quarter of this year, which is 2.2 per cent more than the same period in 2006, it has been revealed. Official figures from the Insolvency Service show…
Consumers across the UK are still keen to take on the debt management burden of a home loan despite the recent slowing of the housing market, it has been suggested. The Fair Investment Company insists that the UK’s “love affair…
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Borrowers around the UK deliberately conceal the amounts of money they owe in order to gain more credit, it has been claimed. Roger Miller, a senior partner at the Curtis Solicitors firm, told the Plymouth Herald recently that lenders are…
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The Nationwide Building Society has called on credit card service providers to make clear to their customers how their order of payment systems operate. In around a year’s time these service providers will be obliged by law to be more…
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Future generations of Britons are likely to face serious debt management pressures if they want to get onto the housing ladder as house prices are expected to outstrip wage increases in years to come. A new study from the National…
British consumers are preparing for a financial squeeze over the festive period, according to recent research. With many people around the country struggling to become debt free, a study from Fool.co.uk has found that the average UK consumer intends to…
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