Honesty is the best policy when it comes to dealing with a debt management problem, according to the Consumer Credit Counselling Service (CCCS). The organisation is convinced that indebted Britons will only add to the stress of their financial circumstances…
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The UK’s overall personal debt management burden has been swelled by close to £120 billion over the course of the past 12 months, according to recently compiled data. Figures from the Credit Action charity show that consumers around the UK…
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Young British consumers are ready to take on debts in order to gain the kind of lifestyle they aspire to, according a new report. A study by Engage Mutual Assurance has shown that most under-25s in the UK expect to…
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Homelessness charity Shelter has warned that it may not have the resources to deal with the amount of people requiring help in the new year. Alluding to previous research which suggests repossessions are set to increase in 2008, the charity’s…
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Housebuyers should avoid taking out bridging loans to tide them over between selling their own property and buying a new one. This is according to James Molloy, product manager for AA Legal Services, who warned against this form of financing.…
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A warning has been issued over a clause in some mortgage deals that could see British borrowers lose their homes without realising they were at risk. Certain lenders include an “all monies charge” in their mortgage contracts that mean customers…
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British consumers around the country are facing up to the reality of their personal finance and debt management realities in the early part of this year, it has been claimed. According to the assessment of Richard Watters from the property…
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Lenders in the UK are on high alert and are extremely concerned about the risks involved with offering deals to potential customer, it has been suggested. The Royal Institute of Chartered Surveyors (Rics) has claimed that the cautious attitude to…
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