Those with credit card debt could be affected as banks reduce spending limits for some customers, according to Fool.co.uk. The finance website reports that 12 per cent of credit card holders have had their limits reduced by an average of…
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A warning has been issued over a clause in some mortgage deals that could see British borrowers lose their homes without realising they were at risk. Certain lenders include an “all monies charge” in their mortgage contracts that mean customers…
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Many families in the UK are not in a strong enough financial position to face the economic squeeze that is set to come in 2008, according to one MP. Phillip Hammond, a treasury spokesperson for the Conservative Party, has claimed…
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British consumers around the country are facing up to the reality of their personal finance and debt management realities in the early part of this year, it has been claimed. According to the assessment of Richard Watters from the property…
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Lenders in the UK are on high alert and are extremely concerned about the risks involved with offering deals to potential customer, it has been suggested. The Royal Institute of Chartered Surveyors (Rics) has claimed that the cautious attitude to…
British borrowers have been urged to switch their loan providers half way through a particular deal if more competitive alternatives are available. According to uSwitch.com, failing to change loan providers when better deals are available costs people aiming to become…
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The costs associated with renting property in the UK have been rising at their fastest rate on record in recent months, according to a new report. A study by Paragon has found that the cost of renting increased by as…
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The recession that many experts believe is in the making in the US is the result of millions of consumer taking on more personal debt than they can cope with, according to one expert. Neil Smyth from the Taylor Wessing…
Continue reading the "US recession ‘down to consumer debt’" »
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