Charging current account customers would leave many people, including pensioners and those receiving benefits, vulnerable to heightened debt management troubles, Bradford West MP Marsha Singh has suggested. And in the wake of record profit figures from the country’s biggest banks,…
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There was concern among those facing debt management problems that the bank’s monetary policy committee (MPC) would increase interest rates during March, which would have in turn increased repayment pressures. Falling inflation levels and a difficult period for the stock…
Continue reading the "Cost of borrowing stays at 5.25%" »
More effort should be made by money lenders to ensure that borrowers have a stronger understanding of the potential for debt management disaster in the event of negative unforeseen financial circumstances, Ms Wilks from the National Debtline has suggested. “The…
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With millions facing debt management problems and thousands opting for Individual Voluntary Arrangements (IVAs) in the UK, there is some disquiet among consumers who see many of their banking charges as unfair. As a result, more than 250,000 people have…
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Despite rising by a single point to 85 last month, the index rating put overall confidence a full nine points below the level recorded prior to last August’s interest rate rise, Nationwide reports. And with debt management problems influencing the…
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Mr Tapp points to the “freeing up of the market”, particularly while Margaret Thatcher was prime minister, as the reason behind a surge in credit card uptake and subsequent debt management difficulties around the country. This “liberalisation” of money lending…
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General manger at the Chiltern Debt Management Jackie Newton company suggests that if the Bank of England’s’ monetary policy committee (MPC) decides to raise interest rates to 5.5 per cent on Thursday (March 8th), the UK will head further towards…
Continue reading the "March interest rate rise ‘could be catastrophic’" »
Exclusive of mortgage repayments, the latest statistics on debt management troubles in Norwich reveal that one in four of the city’s residents are now officially in the red. And given the rising costs of borrowing seen nationwide as a result…
Continue reading the "Debt problems mount up in East Anglia" »