There is likely to be a growth in the use of higher cost credit around the UK in months to come, one expert has asserted. According to Chris Tapp from the Credit Action charity, the difficulty consumers will have in…
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Lenders around the UK are failing to drop their interest rates in line with the Bank of England’s base rate, one expert has suggested. According to Paul Dales, UK economist with Capital Economics, the issue of banking groups and other…
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Millions of UK consumers are planning to switch their credit card debts over the next few months, according to recent research. Figures from Sainsbury’s Bank show that more than four million people intend to change their credit card provider before…
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The stamp duties that have to be paid out by homebuyers around the UK are rising at a disproportionately rapid pace and are leaving thousands of people with more money problems to deal with, it has been claimed. Mortgage borrowers…
The Citizens Advice and YouthNet charity groups are aiming to help young consumers around the country deal with and avoid debt management problems, it has emerged. Via the internet and mobile phone services, the two organisations are to offer advice…
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The level of consumer credit activity around the UK was “subdued” last month, according to the British Bankers’ Association’s (BBA) assessment of its own statistics. According to the latest data, an additional £400 million was borrowed by consumers around the…
MoneyExpert.com has warned UK consumers that they could face significantly high fees for switching their credit card debts from one provider to another. According to the price comparison firm, the numbers of deals that allow consumers to switch their providers…
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Mortgage providers are looking to avoid any “additional risks” and have all pulled out of the 125 per cent loan-to-value (LTV) market, according to a new report. Since the advent of the so-called credit crunch, companies have been increasingly reluctant…
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