A personal finance expert has fired a dire warning over the future for consumers as the economic downturn continues. David Kuo, head of personal finance at the price comparison firm Fool.co.uk, has suggested that a recession is on the way…
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The Citizens Advice charity has welcomed the government’s plan to offer consumers across the country access to a generic financial advice service. According to the organisation that helps thousands of people ease their debt management woes each week in the…
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The level of remortgaging activity in the UK a considerable slide over the course of May this year, new data has demonstrated. According to the Council of Mortgage Lenders (CML), the number of loans approved for house purchase increased by…
Credit card lenders have been urged to be more sensible over how much money they let their customers borrow. According to a report from Moneysupermarket.com, British consumers currently have roughly £55.6 million in credit card debt but that figure would…
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The government has unveiled its plan to tackle the relative lack of financial capability among consumers across the country. As part of the so-called Financial Capability Action Plan, the Treasury and the Financial Services Authority (FSA) will be aiming to…
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A report from Legal & General (L&G) has highlighted the extent to which single parents in Britain are feeling the squeeze of the credit crunch. According to the insurance firm one-third of single parents have changed their holiday plans as…
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Older generations of British consumers are increasingly resorting to credit to fund their everyday activities, according to the latest figures. A report from the Post Office has shown that around 47 per cent of people aged over 50 and two-thirds…
Mortgage borrowers across the UK are being faced with a gloomy set of circumstances as their fixed-rate arrangements come to end, it has been suggested. According to a report from MoneyFacts.co.uk, the swap rates for financial institutions peaked several weeks…
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