The Financial Services Authority (FSA) is set to introduce comparative tables for payment protection insurance (PPI) from March next year to help people avoid accruing more debt than necessary. PPI has been a contentious issue in recent months, with the…
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British consumers have become accustomed to borrowing and happier to take on large amounts of debt, it has been suggested. A spokesperson for Saga claimed that the attitude of people around the country has shifted and that now debt management…
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Rates of interest attached to unsecured personal loans are continuing to increase throughout the UK, according to figures from Moneyfacts. The financial comparison firm describes rates on unsecured loans as having “taken a battering”, noting that nine money lenders have…
The Bank of England is likely to maintain the cost of borrowing at its current level when its monetary policy committee meets on Thursday October 4th, according to one expert economic observer. Lloyds TSB Corporate Markets’ chief economist Trevor Williams…
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Credit card users in the UK have been warned that they could be adding to their debt management difficulties by repeatedly making cash withdrawals on these plastic products. According to Moneysupermarket.com, many thousands of people around the country are “paying…
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Many UK consumers are unclear about the details of a borrowing arrangement even as they agree to the deal, according to one expert. James Ketchell, a spokesperson from the Consumer Credit Counselling Service (CCCS), suggests that for some credit consumers…
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A new guide has been launched by the UK’s payment association Apacs with the aim of helping teenagers and young people learn how to borrow responsibly and avoid unmanageable credit card debt. The association has also made another publication entitled…
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Would-be homebuyers in the UK have been warned that money lenders are likely to hike their repayment rates when dealing with someone who has a poor credit history, according to one financial expert. Mike Pendergast, a spokesperson for Zen Financial…
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