Changes to the benefits system may provide much needed help to those debtors with young families. This is according to Citizens Advice, which noted that – as of Monday (November 2nd) – those who rent their homes and receive child…
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The implementation of a new lending code, which is due to come into effect on November 1st, will better protect consumers in their borrowing activities. This is the opinion of Robert Skinner, chief executive of the Lending Standards Board (LSB),…
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An increasing number of Britons are turning to credit unions to help them save funds for Christmas expenses because they “offer local people a well-trusted financial solution”. This is the opinion of Mark Lyonette, chief executive of The Association of…
The sell-off of Northern Rock, which looks set to occur following acceptance of restructuring plans by the European Commission, has been applauded as being “good for consumers”. So the head of personal finance at lovemoney.com Ed Bowsher has said, observing…
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Britons’ lifetime sentences of debt stand to be reduced as a result of changes to credit and store card regulations suggested by the government. This is the opinion of price comparison website Moneysupermarket.com, which found following an analysis of the…
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Borrowers are turning away from fixed-rate mortgages because they think they are too expensive, it has been suggested. Responding to figures from John Charcol revealing that such products declined in popularity in September – with variable rates covering almost two-thirds…
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The Treasury Select Committee has been called upon by the managing director of a price comparison site to work at increasing transparency in the credit search market, following research by the company revealing consumer ignorance of industry operations. Toby Van…
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Some debtors in the UK may find themselves at a disadvantage if the Financial Services Authority’s Retail Distribution Review (RDR)’s proposals are implemented in 2012, it has been suggested. While insurance group Aviva believes that rules such as the separation…
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