Banking groups in the UK are squeezing their customers more than ever before in an effort to make up revenues lost as a result of the so-called credit crunch, it has been suggested. Figures from the financial advisory firm Chase…
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Unexpected life changing events are causing debt management problems for many thousands of UK consumers, new research has suggested. According to data compiled on behalf of Abbey, around 15 million people in the UK have suffered some form of financial…
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Fixed-rate mortgage deals are losing their appeal with British homeowners, according to the latest data from the Council of Mortgage Lenders (CML). The CML reports that October saw the fifth successive monthly fall in demand for fixed-rate mortgage deals, which…
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Credit card users who are looking to reorganise their debts through a balance transfer deal have been urged to read the small print relating to any arrangement they consider. Lisa Taylor from the financial comparison firm Moneyfacts.co.uk warns that when…
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Anyone struggling to deal with their debt management problems because of overspending during Christmas ought to seek out expert advice, it has been asserted. James Ketchell, from the Consumer Credit Counselling Service (CCCS), suggested recently that independent advice can be…
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Millions of people around the UK are planning to switch their credit card debt from one provider to another during the next few weeks, it has been suggested. Figures compiled by MoneyExpert show that as many as 2.6 million British…
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The vast majority of people in the UK could benefit from a financial workout as the new year gets underway, according to recent research. January is often a particularly difficult month for people facing debt management difficulties and Abbey’s latest…
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Prime minister Gordon Brown has backed the idea of having personal finance lessons taught in schools in the UK, it has emerged. With millions of British adults dealing with debt management difficulties, Mr Brown suggested that he would like to…
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