Millions of British consumers are using personal loan and credit card debt in order to cover their short-term housing costs, according to a new report. Figures compiled by Moneysupermarket.com show that almost seven per cent of adults in the UK…
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An average British consumer has an unsecured debt management burden worth close to £4,900, according to the latest figures compiled by Credit Action. Borrowings secured through retail or motor finance deals, bank account overdrafts, credit cards or unsecured personal loans…
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The downward pressures on house prices in the UK remain strong as affordability constraints continue to concerns households around the country, it has been claimed. Howard Archer from analysts firm Global Insight is convinced that potential house buyers are finding…
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July could be a painful month for thousands of homeowners around the country as their fixed-rate mortgage deal comes to an end, it has been claimed. According to Moneysupermarket.com, mortgage deals worth close to £30 billion will expire over the…
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The government has announced the introduction of measures it says have been designed to bolster the efforts of credit unions. Economic secretary to the Treasury Kitty Ussher has suggested that the struggles facing British families in becoming debt free mean…
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The government’s announcements that it intends to help the credit union sector in the UK have been welcomed by the price comparison company Moneysupermarket.com. According to the web-based business, families will have a better chance of dealing with their debt…
As British consumers continue to struggle with debt management problems they are tending to stick to spending on their debit cards, according to the latest figures. Data compiled by the UK’s payment association Apacs has shown that around 62 per…
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There have been calls for the leading high street banks in the UK to treat their mortgage customers fairly. According to Fool.co.uk, the current economic climate means that banks can and in some cases are offering mortgage deals that are…
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