The charges levied by banks against their customers who use an overdraft without authorisation have a serious and damaging knock-on impact, it has been claimed. According to Marc Gander, founder of the Consumer Action Group, there are thousands of people…
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The base rate of interest has been held at five per cent, the Bank of England has announced. Members of the bank’s monetary policy committee (MPC) opted not to take action on interest rates having reduced them last month in…
A new advice service has been introduced that will aim to help individuals around the UK who are at risk of losing their home due to debt management problems, it has been announced. The UK Insolvency Helpline claims to offer…
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Appeals for debt help among people in South Yorkshire could be set to double over the course of this year, it has been claimed. UK Consumer Debt Line is convinced that more and more people in the area are suffering…
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The ways in which banking fees are being levied against British consumers are a “bit too nasty”, it has been claimed. According to Marc Gander, founder of the Consumer Action Group, these charges are being made most often against people…
Finances remain one of the subjects British consumers of all ages are least inclined to openly discuss, it has been suggested. A study carried out recently by Saga Personal Finance found that most people in the UK would prefer not…
The true extent of the debt problems facing consumers across Britain is being hidden by the official insolvency figures, it has been claimed. According to the Association of Business Recovery Professionals (R3), the data on insolvency is not representative of…
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More and more British consumers are changing their spending habits in response to the credit crunch and its impact on their finances, it has been suggested. According to data compiled by the Fair Investment Company, around 13 per cent of…
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