The way energy suppliers are phrasing their outgoing bills is proving hard for consumers to understand, a new survey has found – suggesting that those in debt could find themselves in further trouble as a result. Which?’s Switch satisfaction study…
Borrowers are neglecting to take out certain mortgages as a result of creditors failing to reduce their fixed rates, it has been suggested. According to Peter Cowell, mortgage broker at Click n go Mortgages, lenders could be much more supportive…
Continue reading the "Debtors hampered by “extremely high” fixed rates" »
Indebted people may be heartened to hear that the typical online family energy bill has dropped below £1,000 for the first time in 2009, a consequence of a price war that has caused prices to fall. Energy expert at uSwitch.com…
Continue reading the "‘Good news’ for debtors with online energy bills" »
As part of its series of articles on debt management problems, MoneyHighStreet.com has indicated the ways in which individual voluntary agreements (IVAs) can help those struggling to control their debts. IVAs, which are only available to those owing over £15,000…
Continue reading the "Advantages of IVAs emphasised by experts" »
The average Briton is on the cusp of having a “money meltdown”, findings from a new study have indicated, with as many as 12 million finding it hard to pay off their monthly bills. Commissioned by Bright Grey, the Reality…
Indebted people trying to generate money through subletting rooms in their houses could find themselves more at risk, or unable to get adequate insurance on their homes, it has been suggested. Responding to recent statistics from Spareroom.com, which revealed that…
Continue reading the "Debtors taking in lodgers ‘could be more at risk’" »
Debtors could be helped by reductions in mortgage rates, following the convergence of Libor – the rate at which banks lend to each other – and the base rate, it has been suggested. According to Hannah-Mercedes Skenfield of price comparison…
Continue reading the "Reduced mortgage rates ‘could be on the way’" »
The lack of transparency in the working practices of financial institutions has been criticised by consumer champion Which? as it does not allow customers the opportunity to compare accounts and choose those most suitable – which could perhaps put them…
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