Credit unions that operate across the UK can help consumers avoid facing debt management disaster, it has been claimed. According to the Association of British Credit Unions (Abcul), its members offer a money lending service that is less likely to…
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British banking groups have been urged not to levy charges for unauthorised overdraft use against their customers who are already in debt, it has emerged. Citizens Advice, which provides guidance to millions of people in debt management trouble each year,…
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Many thousands of parents living in the UK are using money given to them by their grown-up children to repay their own debts, according to a new study. Figures compiled on behalf of Scottish Widows have shown that almost £11…
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The Archbishop of Canterbury has called on the government to address the debt management crisis that is impacting millions of people around the UK. Dr Rowan Williams instigated a debate in the House of Lords to highlight some of the…
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Financial issues play a major role in the success or failure of many relationships in 21st century Britain, according to one expert analyst. Corinne Sweet, who has written extensively on how money impacts on relationships, is convinced that finances are…
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Conditions for companies trying to retrieve debts from individuals living in the UK have stabilised over the course of the past few months, according to the latest data. The credit risk management group TDX has revealed that its figures show…
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The Office of Fair Trading (OFT) has welcomed a decision by the High Court to allow it to assess the fairness of unauthorised overdraft charges. Such charges can often make matters worse for people struggling to become debt free and…
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British consumers are being forced to face up to the reality of their own financial circumstances, according to recent research. A study by the Alliance Trust Research Centre has concluded that more and more families are having to reign in…
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