A greater degree of awareness among consumers has helped to boost the number of people entering an Individual Voluntary Arrangement (IVA) in the UK over recent years, it has been suggested. Stephen Rose, director of the Debt Advice Bureau, insists…
Continue reading the "Awareness ‘boosts trend towards IVAs’" »
Financial comparison service uSwitch.com has warned that British consumers could face significant repair bills if they fail to cover themselves against boiler breakdown as the winter months approach. The company is convinced that many people around the country will neglect…
Continue reading the "Winter warning over ‘costly’ heating repairs" »
Banking groups in the UK are increasingly shying away from what they deem to be risky borrowers, according to reports. With so-called bad debt hitting the profits of some of the foremost banks in the country, these organisations are tending…
Continue reading the "Banks ‘shying away from risky consumers’" »
Despite worsening debt management problems faced by millions of UK consumers, one MP has claimed that the country’s personal borrowing levels are affordable. John McFall, Labour chair of the House of Commons Treasury select committee, insists that the dramatic increase…
Debt consolidation is the foremost reason why British consumers take out a loan, one expert has made clear. A total of more than 40 per cent of people opting to borrow money do so in an effort to reduce their…
Continue reading the "Debt consolidation ‘top reason for borrowing’" »
The need for financial understanding has “never been higher”, according to the Open University. Announcing the third run of its financial education course, the university has said that the knowledge dispensed to those who attend can “better equip” people to…
Continue reading the "Need for financial understanding ‘greater than ever’" »
Liberal Democrat Treasury spokesman Vince Cable has declared that credit unions play a “crucial role” in helping financially excluded borrowers. Addressing an event hosted by the Association of British Credit Unions, Mr Cable suggested that sub-prime borrowers, such as those…
Banks entice students and then “attack them quite viciously” with debt, according to the National Union of Students (NUS). A spokesperson for the organisation said that students need better debt advice and the access to financial information as they are…
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
