The debts accumulated by young adults around the UK are proving to be a major drain on the savings set aside by their parents, according to recent research. According to a study by Scottish Widows, most British parents with adult…
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Rises in the rate of inflation across the country are prompting many people to take on more debt, it has been claimed. According to Chris Tapp, director of the Credit Action charity, consumers are being obliged to spend more on…
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Young homebuyers in the UK are being stretched to the absolute limits of their financial capacity, it has been suggested. Many homebuyers struggle with debt management issues and these problems are particularly acute for first-time property buyers, according to Louise…
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There is likely to be a growth in the use of higher cost credit around the UK in months to come, one expert has asserted. According to Chris Tapp from the Credit Action charity, the difficulty consumers will have in…
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Lenders around the UK are failing to drop their interest rates in line with the Bank of England’s base rate, one expert has suggested. According to Paul Dales, UK economist with Capital Economics, the issue of banking groups and other…
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Millions of UK consumers are planning to switch their credit card debts over the next few months, according to recent research. Figures from Sainsbury’s Bank show that more than four million people intend to change their credit card provider before…
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The stamp duties that have to be paid out by homebuyers around the UK are rising at a disproportionately rapid pace and are leaving thousands of people with more money problems to deal with, it has been claimed. Mortgage borrowers…
The Citizens Advice and YouthNet charity groups are aiming to help young consumers around the country deal with and avoid debt management problems, it has emerged. Via the internet and mobile phone services, the two organisations are to offer advice…
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