Speaking in the wake of Britain’s so-called big five banks announcing record profits, Nick White, director of financial services uSwitch.com, suggested individuals should keep a close eye on how their account or credit card debt charges change. “We have seen…

Ms Willott raised her concerns in response to the criticism from Citizen’s Advice of government proposals to increase the powers of bailiffs to enter the premises of people in loan or credit card debt. More should be done to promote…

An inability to arrange direct debit payments for gas and electricity bills leaves many people with no choice but to pay an extra ten per cent on these provisions annually, according to research from Save the Children and the Family…

MPs are to initiate a second round of debate on the details of the proposed tribunals, courts and enforcement bill, which Citizens Advice claims would leave Brits facing credit card debt more vulnerable to unscrupulous bailiffs. Under the terms of…

An online poll carried out by the independent personal finance website Fool.co.uk found that a full 80 per cent of Brits currently banking with one of the so-called big five banks would be willing to switch their accounts. Tensions worsened…

Simon Ward has made his comments ahead of an announcement on the issue by the Bank of England’s monetary policy committee (MPC) next week and the economic expert suggests a fourth increase since August 2006 is not out of the…

The Bank of England’s monetary policy committee (MPC) has increased the cost of borrowing from 4.5 per cent prior to August 2006 to the current 5.25 per cent rate and may well consider a further rise is necessary this month,…

January lending figures fell by 500 million from 2005 to 2007, the bank recently revealed, which demonstrates an increasing trend among British consumers to avoid credit card debt, Howard Archer, chief UK and European economist at Global Insight claims. And…