Research from uSwitch.com suggests that a degree of consumer “lethargy” has meant credit card providers can introduce relatively uncompetitive repayment plans and yet retain customers for years. According to the price comparison service, around 20 per cent of British credit…
Continue reading the "Credit card users urged to take action" »
According to Which?, there are numerous companies who use 0870 numbers that allow for so-called cost sharing between them and the communications service provider, which can cost as much as eight times as much to call from a BT landline…
Continue reading the "Consumer group slams “rip-off” phone lines" »
UK consumers faced an increase in their debt management difficulties last month after a quarter-point rise was introduced and there were fears that another hike would happen this week. However, the bank’s monetary policy committee has decided that inflationary pressures…
Continue reading the "Bank opts to maintain interest rates" »
Figures from mform.co.uk show that more than two million British mortgage borrowers are facing debt management difficulties as a result of the series of interest rate increases. And the online mortgage firm is convinced that young borrowers – those aged…
Continue reading the "Homeowners ‘struggling as rate rises bite’" »
Manager at the CAB Marti Lord told the Northampton Chronicle & Echo that his staff have been inundated with requests for advice as debt management problems spiral out of control for many consumers in the local area. Indeed, Mr Lord…
Continue reading the "CAB launches recruitment drive as debt woes worsen" »
The foundation, which operates as an independent body aiming to support low and mid income consumers, is keen to see a thorough explanation of how financial advice will be provided in years to come. And as debt management problems increase…
Continue reading the "Calls for MPs to outline financial advice plans" »
As millions of British consumers stretch their own finances and face debt management problems after buying a home, 40 per cent of first-time property investors cannot explain the distinction between leasehold and freehold property, AA Legal Services research shows. Interest…
Continue reading the "Thousands of homebuyers ‘unclear on the basics’" »
Online mortgage company mform has said that four interest rate rises in the past year has forced a number of first-time buyers to take on 100 per cent mortgages and therefore a considerable amount of debt. “There have been four…
Continue reading the "First-time buyers could need advice following rate rise" »