Money lenders around the UK have been tightening their loan criteria in recent months, according to a study by Moneysupermarket. The price comparison service insists that in each of the past six months fewer loans have been approved by lenders,…
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More than three million UK consumers now use their credit cards every day, according to a recent study by Abbey. With debt management problems worsening nationwide, the financial services firm reports that as many as 18 million people now spend…
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Bosses of companies across the UK have been urged to help their employees deal with the psychological effects of debt management problems. Healthcare firm Bupa suggests that unless steps are taken by employers to help staff who are struggling to…
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The rising costs of borrowing are having an impact on the household finances of the millions of people dealing with debt management difficulties in the UK, according to the Consumer Credit Counselling Service (CCCS). Many people will feel the financial…
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Many of the UK’s young consumers end up in financial trouble because of a lack of money-related education at an early age, it has been claimed. Wendy van den Hende, chief executive of the Personal Finance Education Group (Pfeg), insists…
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Competitive interest rates on personal loans could soon be a “thing of the past”, according to financial comparison firm Moneyfacts. A range of economic factors have seen money lenders become increasingly cautious in the UK and many of the most…
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The Bank of England has opted to maintain the base rate of interest at its current level of 5.75 per cent, it has been revealed. Millions of credit consumers around the UK are struggling to become debt free and some…
British consumers need to take control of their own finances and realise that there is not a “bottomless pit” of resources for the entire country to draw from, one economic expert has insisted. Grant Hughes Dip, director of the Charlwood…
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