Credit card lenders have been urged to be more sensible over how much money they let their customers borrow. According to a report from Moneysupermarket.com, British consumers currently have roughly £55.6 million in credit card debt but that figure would…
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A report from Legal & General (L&G) has highlighted the extent to which single parents in Britain are feeling the squeeze of the credit crunch. According to the insurance firm one-third of single parents have changed their holiday plans as…
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The government has unveiled its plan to tackle the relative lack of financial capability among consumers across the country. As part of the so-called Financial Capability Action Plan, the Treasury and the Financial Services Authority (FSA) will be aiming to…
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Older generations of British consumers are increasingly resorting to credit to fund their everyday activities, according to the latest figures. A report from the Post Office has shown that around 47 per cent of people aged over 50 and two-thirds…
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Mortgage borrowers across the UK are being faced with a gloomy set of circumstances as their fixed-rate arrangements come to end, it has been suggested. According to a report from MoneyFacts.co.uk, the swap rates for financial institutions peaked several weeks…
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The future for the base rate of interest in the UK has been described by one expert as being highly uncertain. Howard Archer, chief European and UK economist at the analyst firm Global Insight, is convinced that the base rate…
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An increasing number of British women are aiming to become financially independent of their parents or a partner, according to a new study. Many thousands of women are struggling to become debt free and almost one in five are striving…
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Hundreds of elderly people living in the north-east of England have been offered a debt advice service through Help the Aged and Barclays. Over the course of the past 12 months, pension-age residents of Newcastle have been able to speak…
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