British consumers are losing faith in the banks and other financial services firms they find on the high street, according to a recent study. Since the start of the credit crunch, millions of UK consumers have seen their debt management…
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Many of the UK’s most prominent money lenders are increasing the rates of interest they charge on their personal loans, it has been claimed. According to a report from Moneyfacts, close to half of all the finance firms in the…
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The rate of repossessions around the UK is set to see a sharp rise over the course of this year, recent research has suggested. A study carried out by the Centre for Economics and Business Research (Cebr), the number of…
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Credit unions that operate across the UK can help consumers avoid facing debt management disaster, it has been claimed. According to the Association of British Credit Unions (Abcul), its members offer a money lending service that is less likely to…
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The government should avoid interfering in the UK’s housing market, one expert has asserted. David Kuo, head of personal finance at comparison firm Fool.co.uk, maintains that the market needs to be left alone in order for it to find a…
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British banking groups have been urged not to levy charges for unauthorised overdraft use against their customers who are already in debt, it has emerged. Citizens Advice, which provides guidance to millions of people in debt management trouble each year,…
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Many thousands of parents living in the UK are using money given to them by their grown-up children to repay their own debts, according to a new study. Figures compiled on behalf of Scottish Widows have shown that almost £11…
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The Archbishop of Canterbury has called on the government to address the debt management crisis that is impacting millions of people around the UK. Dr Rowan Williams instigated a debate in the House of Lords to highlight some of the…
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