Creditors should be more cautious about lending money to British consumers, according to the chancellor Alistair Darling. Debt management has put serious financial strain on millions of families around the UK and Mr Darling maintains that both lenders and borrowers…
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With debt management problems mounting for millions of families around the UK, the Conservative Party has claimed that Gordon Brown’s economic policies have seen household incomes become increasingly stretched. Shadow chief secretary to the Treasury Phillip Hammond insists that the…
High street banks in the UK have a conflict of interest that means they are unlikely to offer entirely impartial debt advice, it has been suggested. A spokesperson for Debt Free Direct claims that creditors are likely to advise their…
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British consumers could avoid adding to their debt management misery by giving careful consideration to their financial options before opting to borrow more money, one expert has asserted. James Ketchell from the Consumer Credit Counselling Service (CCCS) suggests that people…
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More than five million people around the UK are convinced that they will never escape their debt management difficulties, according to recent research. A study commissioned by moneysupermarket.com shows that debt management problems are made worse by consolidation loans for…
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Recent research has shown that consumers are facing increased fees when switching their credit card debts. According to figures compiled by MoneyExpert.com, the average balance transfer fee levied against British credit card users now stands at 2.67 per cent, which…
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The latest figures from the Citizens Advice charity show that its bureaux now deal with more than 6,600 debt-related queries every day across England and Wales. Debt management problems are have become the most common reason for UK consumers to…
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Football fans around the UK have been warned that they could be risking their financial security in their efforts to support their favourite team. Research carried out by the credit reference agency Callcredit shows that many British football fans give…
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