Lenders “running scared”
Money lenders in the UK are “running scared” of the effects of the credit crunch, one expert has claimed. Interest rates have been rising on small loans as creditors look to avoid losing out as a result of the financial…
Debt consolidation ‘becoming more difficult’
Securing a good deal on a debt consolidation loan is becoming more difficult for people in the UK, according to one expert. Anna Sofat from the wealth management company Addidi has asserted that the credit crunch has seen many of…
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Graduates ‘being squeezed from all sides’
University graduates in the UK are “being squeezed form all sides” as the interest charges on their debts increase, it has been claimed. According to the Conservative Party, the rate of interest a typical British graduate is obliged to pay…
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Expert predicts interest rate cut
The base rate of interest will be cut by a quarter-point next month, according to the assessment of one expert. Howard Archer, chief UK and European economist at Global Insight, has made clear his view that the financial constraints around…
‘Fearful Brits’ urged to seek advice
British consumers who are fearful of their own financial future should seek advice about how best to proceed, it has been suggested. According to experts at moneysupermarket.com, it is important for anyone struggling to become debt free or to keep…
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One in four people ‘reaching pension age in debt’
As many as one in four people around the UK are reaching the state pension age while still having debt management problems to worry about, according to recent research. Figures compiled as part of a Barclays and Help the Aged…
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Young Brits ‘ignore pensions as debts mount up’
Many of the UK’s young consumers are neglecting to add to any kind of pension savings vehicle as a result of the debt management pressures they face, according to a recent study. Figures compiled on behalf of Brewin Dolphin have…
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Life “getting really tough” for British families
Life is “getting really tough” for families around the UK as the cost of living continues to increase, according to David Cameron, leader of the Conservative Party. Mr Cameron’s comments came on the launch of a report commissioned by the…
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