The financial services provider’s so-called borrowing monitor suggests that while the number of people taking out mortgages continues to steadily increase, the same can not be said of credit card uptake. In fact, figures have revealed that although credit card…

According to the latest UK debt survey carried out by the Debt Counsellors, which questioned people as to what they considered the biggest cause of their financial problems, many personal crises are the result of individual mismanagement. For just over…

According to a spokesman for the FOS, in cases where an account closure is in retaliation for a customer recovering their bank charges, then the FOS will rule in favour of the consumer, reports the Daily Mail. The comments came…

The bank said it has had to divert £900 million of funds to offset a glut of unpaid personal loans, causing company shares to slump to a nine-month low. HSBC said its bad debt charge for 2006 would be £5.4…

John Fingleton, OFT chief executive, said that consumers are being placed at a disadvantage by the lack of competition in the industry. The decision follows complaints from consumer groups that expensive and poor-value PPI products are being mis-sold, thereby increasing…

MoneyFacts has said that some of the most affordable unsecured loans on the market  some of which are still below six per cent APR  could reach ten per cent or more before the end of the year. According to the…

According to Moneysupermarket, a late payment could result in a damaged credit profile, a loss of all introductory card benefits and interest charges of around £280. The price comparison site found that 62 per cent of cards that offer a…