Mortgage rates for the average consumer have been dubbed as “obscene” by an industry expert – suggesting that those intending to take out loans for the first time could suffer from unfair pricings and take on more debt than is…
Paying bills by direct debt as opposed to cash or cheque could help those experiencing debt management problems save some money each month, it has been suggested – which could potentially free up funds to pay back debts. Confused.com’s head…
Continue reading the "Direct debit ‘could help’ indebted people" »
Parents of university students risk falling into debt as a result of paying for their children to go through higher education, results from a new report indicate. According to findings from a survey by Sainsbury’s Finance, 53 per cent of…
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Most people struggling with debt management who have fallen behind on mortgage repayments do not see their homes repossessed, new research has indicated. Findings from the Building Societies Association (BSA) revealed that 97 per cent of those in arrears have…
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Those struggling with debt management are likely to continue experiencing difficulties well into 2010, an industry expert has said, as a result of joblessness and rising prices and interest rates. Chris Tapp, director of Credit Action – a national money…
Continue reading the "Solutions to debt problems ‘are a long way off’" »
Homeowners who are still paying money towards interest-only mortgage loans should consider moving to repayments to take advantage of the decreased interest rates, an industry expert has said. According to Catherine Hearnden, director of MyMortgageDirect, the fact that many people…
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People struggling with debt management may not be aware of the various avenues for assistance that are available to them, some of which have been highlighted by an industry expert. Writing for This is Money, Pamela McGrath from the National…
Continue reading the "Those in debt ‘have several options available to them’" »
Government initiatives to assist people in paying their mortgages – such as the series of advertisements in the press and online to raise awareness of measures in place to help people avoid repossession – has been dubbed “too little, too…
Continue reading the "Government solutions “too little, too late” for struggling homeowners" »
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