Debt management is a major problem for as many as one in four mentally ill people, according to one study. A review funded by the Money Advice Trust (MAT) and the Finance & Leasing Association published by the Royal College…
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Britain’s base rate is unlikely to rise in 2010, one expert has said. Economist Benjamin Williamson at the Centre for Economic and Business Research remarked that his organisation does not expect the marker, which can impact on loan rates, to…
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The Monetary Policy Committee (MPC) of the Bank of England has voted to keep Britain’s base interest rate at 0.5 per cent for the eighth consecutive month. In line with industry expectations, the MPC revealed today that it has also…
An Individual Voluntary Arrangement (IVA) has been set up to enable property developer Chek Whyte to pay off the money he owes to creditors and avoid bankruptcy. The businessman, who shot to fame when he appeared on the second series…
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A large number of people will prioritise clearing their debts over the next 12 months, it has been suggested. Speaking at the conference of travel association Abta this week, the chief executive of Hoseasons Richard Carrick indicated that he believes…
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Managing money is not a big priority for most consumers, a new survey has suggested. Chelsea Building Society found that monitoring finances and savings rates is the seventh most important task in people’s day-to-day lives, with 23 per cent doing…
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Debtors could see interest rates increase over the next year if the expectations of residential property investors hold true. The latest Young Index investor sentiment survey by the Young Group revealed this sector anticipates an increase to the Bank of…
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Young people are not the only ones who accept being in debt, according to one expert. Confused.com’s head of credit cards Joanne Garcia said it is “a way of life” for many, including those aged over 50. She explained that…
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