Apacs, the UK payments association, has fired a warning over the issue of phishing attacks that are seeing some people inadvertently increase their debt management headaches. During the first three months of this year, there were around 10,000 instances of…
Credit applications are being rejected with increasing frequency and this could see more British consumers turn to higher-rate loan deals, according to one economic expert. Neil Munroe, external affairs director for Equifax, is convinced that lending criteria will continue to…
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Money lenders in the UK have been urged to act now to inform their customers about what order their debt repayments are allocated. A law will be introduced in October of this year that will oblige financial service firms to…
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British banks are running scared and behaving like children, according to Ralph Silva, a business analyst with the TowerGroup. Mr Silva has insisted that money received by financial service firms from the Bank of England is being carefully guarded when…
Britain did a “deal with the debt devil” that has been partly to blame for the extent of the country’s current economic problems, it has been claimed. Stephen King, managing director of economics at HSBC, has maintained that the ease…
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The annual percentage rates (APR) being charged on credit card debts in the UK are increasing despite the Bank of England’s cuts in the base rate of interest, it has emerged. According to figures from MoneyExpert, the typical APR being…
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The south-west of England has been hit particularly hard by the rising crisis of debt management in the UK, it has been suggested. Figures from credit reference firm Experian have shown that there are some 40,000 families in Bristol that…
Credit will become increasingly hard to come by in the UK over the course of the next few months, one expert has asserted. Vicky Redwood, UK economist at Capital Economics, is convinced that the trend toward more stringent lending practices…
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