Rising costs associated with food, petrol, energy bills and council tax are leaving British consumers significantly out of pocket, it has been claimed. According to research by the Post Office, fewer people are able to set money aside on a…
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People who use loans in order to fund their everyday activities are facing disaster as a result of rising interest rates, it has been claimed. According to moneysupermarket.com, interest rates in the UK have been rising in recent months, which…
Serious debt management problems are in no one’s interest and consumers should take the steps necessary to solve their financial difficulties, says Gareth Mackie, a spokesperson for Halifax. Mr Mackie has noted that borrowing has become a significant part of…
An article from Times online points out that desperate banks and credit card companies are increasingly taking people’s unsecured loans and getting them secured against the borrower’s house instead. The lenders are using charging orders to do this, sometimes with…
Parents around the country are handing over considerable sums of money to help their grown-up children solve debt management problems, it has been asserted. Anne Young, a savings expert at Scottish Widows, has suggested that while parents helping their children…
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Money lenders in the UK are “running scared” of the effects of the credit crunch, one expert has claimed. Interest rates have been rising on small loans as creditors look to avoid losing out as a result of the financial…
Securing a good deal on a debt consolidation loan is becoming more difficult for people in the UK, according to one expert. Anna Sofat from the wealth management company Addidi has asserted that the credit crunch has seen many of…
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The base rate of interest will be cut by a quarter-point next month, according to the assessment of one expert. Howard Archer, chief UK and European economist at Global Insight, has made clear his view that the financial constraints around…
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