Borrowers across Britain have been warned that they could still be vulnerable to the implications of the so-called credit crunch that is affecting financial markets around the world. Reflecting on a report from the Bank of England, the comparison firm…
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Many of the UK’s young people are facing serious financial difficulties as they begin their adult life, according to recent research. Figures compiled by the Children’s Mutual show that graduates face an average of around £12,000 worth of debt when…
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Future generations of Britons are likely to face serious debt management pressures if they want to get onto the housing ladder as house prices are expected to outstrip wage increases in years to come. A new study from the National…
Accumulating credit card debt in an effort to keep up with mortgage repayment demands can be a beneficial financial move under certain circumstances, it has been claimed. Stephen Rose, director of Debt Advice Bureau, makes clear that if mortgage debt…
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Mortgage borrowers around the UK are feeling the financial squeeze as rises in the base rate of interest continue to have an impact, according to recent research. Figures compiled by Alliance & Leicester show that saving rates among people struggling…
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Transferring debts to stave off financial disaster can be a “risky business”, according to Rob Kenley, head of credit cards at online comparison website moneysupermarket.com. However good a person’s credit card deal might be, using money borrowed in this way…
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Many thousands of mortgage borrowers across the UK are using their credit cards to meet mortgage repayment demands, according to a recent study. The research findings have been published by Shelter and show that over a million Britons have added…
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Money lenders around the UK are becoming far more stringent as debt management problems mount for millions of consumers, it has been suggested. The tightening of lending criteria has been particularly sharp in the home loan sector, with would-be mortgage…
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