Thousands of British consumers are missing out on what could be worthwhile debt advice by keeping their financial difficulties to themselves, according to recent research. Figures compiled by the Legal Services Commission show that only 18 per cent of consumers…
The UK’s debt management burden is worth more than the country’s gross domestic product (GDP), according to analysis by business advisory firm Grant Thornton. A culture of borrowing prevails around the country and has seen the amount of debts owed…
Around one in four British adults have added to their debt management burden over the course of the last three months, according to the latest figures. Research carried out on behalf of MoneyExpert.com also shows that around seven per cent…
Continue reading the "Debt problems worsen for one in four Brits" »
Millions of British adults would fail a personal finance exam asking questions of the same difficulty as GCSEs, according to a recent study carried out by Abbey. The research saw more than 1,000 people answer “simple” questions about their banking…
Continue reading the "Millions of Brits ‘struggle with financial basics’" »
British consumers have been warned that their current saving habits could lead them to face serious financial problems when they come to retire. With millions of consumers already dealing with debt management issues, a panel of experts assembled by Prudential…
British consumers have been urged not to overspend while on holiday and leave themselves with a debt management headache when they return home. Frances Walker from the Consumer Credit Counselling Service suggests that if holidaymakers save and budget effectively, there…
Continue reading the "Brits urged to control holiday spending" »
Consumers need to be made more aware of the terms under which they agree to take on credit offered by high street retailers, according to one expert. Rory Taylor, a spokesperson for the Competition Commission, makes clear that a full…
Continue reading the "Awareness ‘needs to increase’ over store cards" »
Nationwide debt charity Credit Action has suggested that some store card lenders are enabling their customers to run up significant amounts of debt. The charity is convinced that there are retailers in the UK that have taken steps to tighten…
Continue reading the "Debt charity slams store card lenders" »
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
