Increases in the cost of borrowing are starting to have a real impact on the activities of consumers across the UK, recent research has suggested. With millions of British consumers struggling to become debt free, the amounts being lent by…
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Millions of UK consumers will switch their credit card provider in an effort to avoid accumulating unnecessarily large amounts of credit card debt, according to a recent study. Research by Abbey discovered that the number of people keen to switch…
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Money lenders around the UK are becoming far more stringent as debt management problems mount for millions of consumers, it has been suggested. The tightening of lending criteria has been particularly sharp in the home loan sector, with would-be mortgage…
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British consumer will borrow millions of pounds and risk debt management disaster to pay for plastic surgery during the coming months, according to a study commissioned by Abbey. The research carried out by ICM on Abbey’s behalf found that over…
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Financial packages offered by some of Britain’s most prominent building societies and banking groups are often not as beneficial for customers as they seem to be, it has been claimed. Stuart Bernau, the executive director of the Nationwide Building Society,…
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Order of payment structures implemented by the majority of financial service providers mean UK British credit card users find their debts more difficult to pay off, it has been claimed. According to MoneyExpert, close to three-quarters of all lenders use…
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While the battle over overdraft fees goes on, it has been suggested that banks are making changes to their charging systems that could ultimately hurt the pockets of British consumers. Phil Jones, from the consumer group Which?, said recently that…
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Changes in the way that overdraft fees are calculated and handled by banks could be an attempt to confuse customers, it has been suggested today. According to consumer watchdog Which?, changes are not always to the benefit of customers and…
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