Consolidating debts can be a positive step for credit consumers finding it difficult to escape their own debt management disasters, one expert has asserted. Adrian Kidd from Mint Financial Services suggests that debt consolidation can bring piece of mind for…

The UK payment association has revealed that over the course of last year a total of around £321 million was spend on plastic around the country, which represents a threefold increase since 1996. And over the course of 2006 there…

Research by the independent personal finance firm found that only two in five credit card users are happy with the services they receive, while 80 per cent of people who spend money in this way value provider reputation above financial…

Howard Archer, chief UK and European economist at Global Insight, predicts that by August British credit consumers will face further pressure on their financial circumstance by way of an increase in the cost of borrowing. The rise would represent the…

Consumers looking for a debt consolidation solution could find such loans a short-term answer to their problems since they offer lower repayments and save people from bankruptcy, claims Credit Cards GB. In addition, the firm notes that credit card consolidation…

According to experts at Eversheds, acceleration in the number of individual voluntary arrangements and bankruptcies could put undue pressure on the credit industry. The firm said that many borrowers have been “cushioned” by low interest rates in recent times, but…

The news comes after the Financial Services Authority (FSA) announced that it is imposing fines of more than £600,000 on GE Capital Bank, which operates cards on behalf of retailers. PPI is an insurance product that will repay the outstanding…