Confidence among British consumer has hit a 15-year low, according to the latest figures compiled by GfK NOP. The research firm has found that consumer optimism dipped around the country in each of its five assessment categories last month, despite…
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Rising costs associated with food, petrol, energy bills and council tax are leaving British consumers significantly out of pocket, it has been claimed. According to research by the Post Office, fewer people are able to set money aside on a…
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Many of the UK’s young consumers are hoping to take on a home loan despite the worsening economic climate, according to new research. Homeowners around the country are feeling the financial squeeze as their debt management problems mount up but…
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People who use loans in order to fund their everyday activities are facing disaster as a result of rising interest rates, it has been claimed. According to moneysupermarket.com, interest rates in the UK have been rising in recent months, which…
The scale of the UK’s consumer borrowing increased by around £600 million over the course of last month, according to the latest data from the British Bankers’ Association (BBA). January saw an increase of £400 million and the six month…
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Serious debt management problems are in no one’s interest and consumers should take the steps necessary to solve their financial difficulties, says Gareth Mackie, a spokesperson for Halifax. Mr Mackie has noted that borrowing has become a significant part of…
An article from Times online points out that desperate banks and credit card companies are increasingly taking people’s unsecured loans and getting them secured against the borrower’s house instead. The lenders are using charging orders to do this, sometimes with…
Parents around the country are handing over considerable sums of money to help their grown-up children solve debt management problems, it has been asserted. Anne Young, a savings expert at Scottish Widows, has suggested that while parents helping their children…
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