The various bodies charged with the responsibility of overseeing the banking process in the UK appear to be failing consumers, it has been claimed. With millions of people around the country struggling to become debt free, David Kuo, head of…
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Vince Cable, the economic spokesperson for the Liberal Democrats, has warned that the UK could soon be dealing with a trend towards “mass bankruptcy and repossession”. Mr Cable’s comments came after official figures showed that a record number of people…
The Consumer Credit Counselling Service (CCCS) has suggested that people around the UK could be making their own personal finance situation more difficult by using multiple credit cards. According to organisation, consumers who use a number of credit cards for…
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The credit crunch has prompted millions of people around the UK to try and improve the state of their personal finances, it has been claimed. According to research by Friends Provident, a third of all British consumers are planning a…
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Millions of British consumers have added to their debt levels over the course of the past three months, according to recent research. In fact, figures compiled by MoneyExpert.co.uk have shown that two million people around the country have increased the…
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The latest bankruptcy figures released by the Ministry of Justice demonstrate that the UK’s economic chickens are “coming home to roost”, it has been claimed. According to Stephen Hammond, an economic spokesperson for the Conservatives, the rise in bankruptcy rates…
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An initiative that aims to provide adults with personal finance lessons has been launched and is being rolled out across the country. The ifs School of Finance is behind the endeavour and its launch has come after a series of…
A report from Citizens Advice has highlighted some of the debt management problems being faced by millions of families around the UK. The organisation has said that it saw an increase of 11 per cent in the number of homeowners…
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