The Bank of England looks very likely to maintain the base rate of interest in the UK at its current level of 5.75 per cent, one expert has asserted. Ahead of the bank’s decision on Thursday September 6th, Howard Archer,…
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British consumers who are already using their overdraft banking facility have been warned to pay attention to their spending or face further debt management difficulties. According to MoneyExpert.com, the average charged levied by British banks when their customers go over…
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Borrowing money from or to friends and family can often lead to debt management problems for all concerned, one expert has warned. Stephen Rose from the Debt Advice Bureaux suggests that there are financial risks involved with lending to friends…
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A report from the consumer group Which? has highlighted some of the ways credit card providers are aiming to increase their revenues. Which? describes the methods used by financial service firms to raise revenues, including low usage fees and unclear…
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A new report has shown that millions of UK consumers are unaware of how much they can expect to be charged for entering their current account overdraft. Bank charges can often lead to debt management problems for many British consumers,…
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The attitudes of banking groups in the UK are leading to a “slight drop-off” in the number of people entering an Individual Voluntary Arrangement (IVA) in recent months, one expert has suggested. Chris Tapp from the Credit Action charity insists…
Nationwide debt charity Credit Action has suggested that some store card lenders are enabling their customers to run up significant amounts of debt. The charity is convinced that there are retailers in the UK that have taken steps to tighten…
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As debt management problems spiral out of control for an increasing number of UK consumers, a new report has forecast that the number of Britons being refused credit will rise in years to come. Research by Datamonitor estimated that around…
Continue reading the "‘More Brits will be refused credit’" »
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