Credit card users in the UK have been warned that they could be adding to their debt management difficulties by repeatedly making cash withdrawals on these plastic products. According to Moneysupermarket.com, many thousands of people around the country are “paying…
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The perception that bankruptcy leads to social stigma still puts many people off the option as a way of finding a debt solution, according to one expert. Nick O’Reilly, vice president of the Association of Business Recovery Professionals (R3), suggests…
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British credit consumers have been warned that the costs associated with wedding ceremonies are continuing to increase around the country. F&C Asset Management suggests that many couples in the UK are keen to make their wedding day one to remember…
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Many UK consumers are unclear about the details of a borrowing arrangement even as they agree to the deal, according to one expert. James Ketchell, a spokesperson from the Consumer Credit Counselling Service (CCCS), suggests that for some credit consumers…
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Individual Voluntary Arrangements (IVAs) can help people who are heavily indebted address their financial issues and to find a solution, one expert has made clear. In many cases, British borrowers effectively bury their heads in the sand and hope their…
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A new guide has been launched by the UK’s payment association Apacs with the aim of helping teenagers and young people learn how to borrow responsibly and avoid unmanageable credit card debt. The association has also made another publication entitled…
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Would-be homebuyers in the UK have been warned that money lenders are likely to hike their repayment rates when dealing with someone who has a poor credit history, according to one financial expert. Mike Pendergast, a spokesperson for Zen Financial…
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A report from the consumer group Which? has cast doubt over the credibility of supposed experts who offer advice on a variety of personal finance issues, it has emerged. Research from the organisation found that only 32 per cent of…
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