This apprehension among borrowers is reflected in the finding that the number of people across the country who opted for a five-year fixed-rate mortgage deal increased by a full 11 per cent last month. And if the perception of fresh…

While opting for a debt consolidation loan can prove to be a shrewd financial move for many people, an individual must avoid slipping behind on subsequent repayments, Helen Saxon, spokesperson for the Finance and Leasing Association (FLA) suggests. “They [debt…

Helen Saxon from the Finance and Leasing Association (FLA) has moved to encourage consumers to consider carefully the terms of a credit arrangement or debt consolidation loan before opting to borrow money. In addition, as Britain’s debt management problems pile…

MP for Telford David Wright’s comments came in response to an announcement on the issue from the government, which indicated that more will be done to prevent bailiffs from abusing their powers. The terms outlined in the proposed tribunals, courts…

Measures due to be introduced form part of the tribunals, courts and enforcement bill, which is currently before parliament and aims to ensure the safety of people who are among the “most vulnerable people in our communities”, constitutional affairs minister…

Meanwhile, those people who are currently under the age of 25 in the UK are “financially less ambitious” and have different reasons for taking out credit, according to Malcolm Hurlston chairman of the Consumer Credit Counselling Service (CCCS). “People forget…

Often a released prisoner finds it impossible to find a debt solution having been handed a flat rate payment of £47 to survive financially in open society, claims the organisation. And in some cases, a wait of weeks for benefit…

Teresa Perchard from Citizens Advice also suggests that a debt solution can be particularly hard to find for those with limited incomes as a result of a lack of access to a range of financial products. Often people living under…