For many people in the UK, the cost of living is increasing considerably faster than their wages, it has been claimed. Chris Tapp, director of the Credit Action charity, suggests that while certain sectors of the UK population have seen…
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Indebted British homeowners are seeing their finances squeezed from three separate sources, it has been suggested. The National Homebuyers company claims that remortgaging has become more difficult for anyone coming of a fixed-rate deal, interest rates are at relatively high…
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While millions of UK consumers are dealing with debt management problems, one of the country’s biggest energy firms has announced its plans to increase prices. It is anticipated that the price hikes being introduced later this month by EDF Energy…
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Credit card debt accumulated over the Christmas period looks set to be hanging over the heads of millions of UK consumers for months to come, according to recent research. Sainsbury’s Bank estimates that around 18 per cent of all festive…
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The Citizens Advice charity has called for more generic financial information services to be offered in the UK. An initiative being carried out by the organisaiton in collaboration with independent financial advisors (IFAs) from around the country has seen considerable…
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British consumers could be set to lose out even if the Office of Fair Trading (OFT) wins its court battle against some of the country’s leading banks in a test case regarding the fairness of fees, it has been claimed.…
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Many thousands of families across the UK are struggling to become debt free because of the increases in the cost of borrowing being introduced nationwide, according to recent research. A study by MoneyExpert found that the typical cost of borrowing…
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Charges levied by banks against their customers can lead some people into a spiral of debt management difficulties, it has been claimed. The National Consumer Council (NCC) has insisted that for many Britons charges relating to an unpaid standing order…
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