Consumers should contemplate fixed-rate savings accounts during the current economic climate, suggests one comparison site. Financial planner for Fairinvestment.co.uk Sharon Bratley implied that with the current Bank of England base rate it may take some time before other options become…
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Buy-to-let property investors may find themselves getting into debt as the market tightens, a new survey suggests. Unbiased.co.uk, a consumer search service website, has released figures showing buyers could be struggling financially after the collapse in the market. Chief executive…
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Consumers should question any credit card rate increases they are subjected to by lenders, one consumer body has suggested. Senior researcher at charity Which? Martyn Saville stated that customers can ask to cancel a card if their credit card company…
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Personal debt in the UK reached £1,459 billion in April 2009, according to statistics released by one charity. Credit Action compiled figures earlier this month that revealed the average household owes £58,370 including mortgages. Individual debt stands at £30,500 per…
People who regularly use an overdraft are more likely to be in debt and should seek alternative debt solutions, one charity has suggested. The Consumer Credit Counselling Service (CCCS), which offers independent advice for those in financial difficulties, has implied…
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New regulation that is set to be brought in for companies that offer sale and rent-back schemes has been welcomed by Citizens Advice. The charity said that it has seen several cases in which people signed up to the schemes…
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Remortgaging levels in the UK are low, despite the number of new home loans rising, new figures have shown. And there are several reasons why people may not be able take out a remortgage, according to one spokesperson. Sue Anderson,…
Consumers have been urged not to forget about the importance of handling debt management during the summer. It came as a survey from National Savings & Investments showed that while people save on bills during the summer months, they are…
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