Former pop star and reality TV regular Kerry Katona could face bankruptcy if she fails to resolve her current financial difficulties, according to reports. The 27-year-old was told during legal proceedings at the high court recently that unless she paid…
Chancellor Alistair Darling has called for an end to what he has described as “rip-off” fees being charged by mortgage providers in the UK. Speaking to the Liverpool Daily Post recently, Mr Darling expressed concern that homeowners who are already…
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The housing market in the UK is effectively “being throttled” as an increasing number of families struggle to cope with their debt management problems. Such is the claim of Howard Archer, chief UK and European economist for Global Insight, who…
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The scale of credit card borrowing across the UK continued to increase last month, according to figures from the British Bankers’ Association (BBA). Members of the association reported that their customers took on around £7.5 billion worth of added credit…
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The average interest level on a fixed-rate mortgage deal is now as high as seven per cent, according to the latest figures. Data from Moneyfacts have shown that lenders are tending to offer fixed-rate mortgage deals that are less favourable…
The UK’s housing market slump will be worse then many people are predicting, according to the Liberal Democrat economic spokesperson Vince Cable. Mr Cable maintains that many of the current estimates relating to the prospects for the property sector are…
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Bad borrowing decisions can have effects that last for years and even decades, it has been suggested. According to Wendy van den Hende, chief executive of the Personal Finance Education Group, young people often make decision to borrow money that…
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Taking money out of an ATM while on holiday can prove to be an expensive way to access your own cash, it has been claimed. According to a report from MoneyExpert, cash withdrawals made outside the UK will cost Britons…
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