The Bank of England monetary policy committee (MPC) has decided to maintain the base rate of interest at 5.75 per cent. For those that are currently need of debt advice the news of a freeze in the cost of borrowing…
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Consumers are reigning in their spending in a bid to prevent themselves sliding into debt, Nationwide has suggested. Commenting on BBC One’s Breakfast programme, Nationwide chief economist Fionnuala Earley said that the “lagged effect” of interest rate rises is causing…
UK consumers have been advised to set aside money worth three to six months’ salary to ensure they remain debt free should they face an emergency situation. According to independent financial advisory firm St Edmundsbury Financial Services, “too many demands”…
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Thousands of British adults are expected to take on a loan over the coming 12 months in order to fund their ambitions of gaining a new qualification, according to a recent report. Figures compiled by ICM Research on behalf of…
British consumers who are already using their overdraft banking facility have been warned to pay attention to their spending or face further debt management difficulties. According to MoneyExpert.com, the average charged levied by British banks when their customers go over…
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As parents ready their children for a return to school, a recent study has suggested that many British consumers have resolved to reorganise their financial situation. Research carried out online by Lloyds TSB shows that almost a third of UK…
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As debt management difficulties increases for consumers around the country, new research has shown that money-related problems are the single biggest cause for concern for 3.4 million Britons. In an effort to avoid more serious financial problems, close to 12…
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Consumers facing debt management difficulties can help themselves to get out of trouble by seeking appropriate advice sooner rather than later, one expert has asserted. James Ketchell, a spokesperson for the Consumer Credit Couselling Service (CCCS), insists that anyone facing…
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