The Citizens Advice charity has welcomed chancellor Alistair Darling’s spending review, in which he pledged to continue support for the Financial Inclusion Fund. According to the organisation, the fund has helped it to recruit more advisors to help the many…
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Order of payment structures implemented by the majority of financial service providers mean UK British credit card users find their debts more difficult to pay off, it has been claimed. According to MoneyExpert, close to three-quarters of all lenders use…
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Despite taking on increasingly high levels of debt in order to own their own home, British consumers are not fully aware of why property prices have risen so sharply in recent years, it has been claimed. According to a poll…
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While the battle over overdraft fees goes on, it has been suggested that banks are making changes to their charging systems that could ultimately hurt the pockets of British consumers. Phil Jones, from the consumer group Which?, said recently that…
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Problems surrounding the distribution of tax credits to families around the UK have seen many forced closer to debt management disaster, according to a recent study by Citizens Advice. The charity found that 80 per cent of tax credit claimants…
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British consumers are seeing their disposable incomes squeezed by a range of factors as the cost of living rises, according to recent research from uSwitch. With debt management problems continuing to worsen around the county, the price comparison firm reports…
The approach of Christmas is likely to find some borrowers worrying about the financial outlay required and wondering if a debt management plan should be established. And one personal finance commentator, the self-styled money saving expert Martin Lewis, has said…
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In an age when credit becomes easier and easier to get hold of, more people are getting stuck in a debt cycle facing a lifetime of debt, it has been warned. Research carried out by Moneyfacts.co.uk has shown that credit…
Continue reading the "Card spending ‘can lead to debt cycle’" »
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