The reduction of the basic rate of interest by the Bank of England last week could help individuals who are in debt, it has been claimed. National Debtline, a telephone advice service for those requiring help with their debt management…
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The long-term impact of the credit crunch is unclear, according to the Finance and Leasing Association (FLA). Helen Saxon, spokesperson for the FLA, has said that due to the crunch being an unprecedented issue in Britain, there is no historical…
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Access to credit has made Britons turn away from saving to fund purchases at key times of the year, according to a financial advice charity. James Ketchell, spokesperson for the Consumer Credit Counselling Service (CCCS), said that people have fallen…
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The credit crunch will reduce the availability of cheap borrowing, according to a national helpline. Beccy Boden-Wilks, spokesperson for the National Debtline, said that many people will find that moving debt between different lenders and forms of borrowing may become…
The Bank of England has announced its decision to cut the base rate of interest in the UK by a quarter of one per cent. It is thought that the reduction in the base rate could have a positive impact…
British consumers could spend a collective total of around £170 billion on their credit cards if every borrowing limit was reached, it has been revealed. Research by Moneysupermarket.com has found that while many of people around the country are struggling…
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Identity theft is the biggest consumer fear in the run-up to Christmas, according to research from American Express. The firm has said that yob culture has been supplanted by identity theft as the top concern for both women and “tech-savvy…
Anyone facing debt management difficulties in the UK needs to take “decisive action” to find a solution to their financial problems, according to Steve Folkard from the AXA insurance firm. Mr Folkard is convinced that the whole of British society…
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