Debtors are increasingly wary about supermarket brands acting as banks, a new study has shown, revealing that only a small proportion of the country would consider taking out a mortgage with such institutions. The study, conducted by moneysupermarket.com, indicated that…
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Debtors in the UK have been offered a greater range of saving products, following the merger between The Co-operative Financial Services and Britannia, including the launch of two fixed-rate ISAs. Prior to the collaboration with Britannia, Co-operative customers were not…
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Overdraft facilities are increasingly confusing those who are using them, an industry expert has claimed, despite the fact that attempts have been made to simplify charging structures in this area. Head of banking at moneysupermarket.com Kevin Mountford remarked that these…
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If consumers are not educated about financial management in their younger years then they could be at greater risk of suffering debt problems when they are older, it has been suggested. Nicky Goulder, director and co-founder of charity Create, explained…
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A growing number of people are concerned about debt, according to new figures. The British Retail Consortium (BRC) conducted a poll that found 15 per cent of people say this area is their biggest worry at the moment, an increase…
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Those paying high interest and charges on their overdraft debt should seek out better deals from other current account providers, one expert has said. Head of banking at moneysupermarket.com Kevin Mountford stated that in the difficult financial climate consumers should…
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Quotation searches should be used by all lenders in order to increase transparency and ease consumer concerns about shopping around for deals, it has been suggested. TheMotleyFool.co.uk’s director David Kuo said that he thinks the process, which is used by…
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The majority of consumers have not considered what would happen to their finances and debt should they suffer from an illness that leaves them without the mental capacity to cope, a survey has revealed. According to a study by the…
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