With consumers’ expectations over prices remaining high, it is expected that personal debt will also increase following the latest rise in interest rates in May. “Last month’s interest rate rise did little to convince consumers that rates had reached a…

Research from comparison and switching service SimplySwitch has revealed that more than a quarter of mobile phone owners have lost or damaged a handset, which could be expensive to replace. “Of the 18 million new handsets bought in the UK…

Financial comparison site MoneyExpert has found that the average APR for cash withdrawals on credit cards has risen in the last six months to 23.48 per cent, a rise from November’s average of 21.27 per cent. This rise could mean…

The bank has found that a number of consumers could benefit from debt advice as 50 per cent of those interviewed said they opted for store cards sue to their convenience when out shopping, despite the high interest rate such…

Figures from Alliance & Leicester show that 50 per cent of Britons borrowing money do so through lenders whose interest rates are high but whose products are offered at a convenient moment, as in the case of many of the…

Ms Walker suggests that by consistently failing to credit card debt outstanding on their store or credit cards consumers are running the risk of running up serious amounts of debt and potentially facing financial ruin. “Just to pay the minimum…

With millions of British consumers already facing credit card debt, the country’s largest provider of these services could soon be charging a fee of £10 or £20 to customers who never or rarely use their plastic products. “We think this…

Recent research from the independent comparison service found that annual fees are now being levied by one in eight credit card suppliers operating in the UK on one or more of their products. And Money Expert is convinced that the…