A warning has been issued by the Office of Fair Trading (OFT) over the growing number of businesses trying to exploit the financial vulnerability of insolvent individuals around the country. The OFT reports that a number of companies have been…
The base rate of interest has been held at five per cent, the Bank of England has announced. Most analysts anticipated that the bank’s monetary policy committee (MPC) would hold fire on the cost of borrowing this month in light…
An initiative has been launched that will aim to see Citizens Advice Bureaux (CAB) improve the service they offer to people struggling to become debt free. Tens of thousands of consumers use their CAB as a debt advice resource and…
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Halifax has reported a 2.4 per cent drop in the average price of a property in the UK over the course of last month. The financial services firm maintains that the fundamental aspects of the economy are strong and has…
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Young British consumers need help with their debt management issues as early as possible, it has been claimed. According to the Nationwide Building Society, teenagers and young people in Britain are increasingly using debt as a way to fund their…
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A report from the Competition Commission (CC) has suggested that British borrowers are being overcharged to the tune of almost £1.4 billion for payment protection insurance (PPI). The insurance is designed to help people who find themselves unable to cope…
Homeowners struggling with mortgage-related debt management difficulties have been urged to contact their lenders as soon as possible to avoid being repossessed. According to the Council of Mortgage Lenders (CML), its members are keen to help their customers avoid repossession…
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The Financial Services Authority (FSA) has launched a new website intended to help young British consumers who are struggling to deal with their debts or finances in general, it has emerged. Dubbed the “What About Money” website, the FSA’s latest…
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