Millions of credit card users in the UK are taking no action to protect themselves against identity thieves and could be vulnerable to being defrauded as a result, new research has suggested. Falling victim to a fraudster can often lead…
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First-time buyers across the UK are paying out increasingly large portions of their monthly incomes to pay off interest on their mortgage loans, according to the latest figures from the Council of Mortgage Lenders (CML). Data released by the CML…
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Debt managementproblems have left young UK consumers with a lack of saving provision that is likely to cause them considerable financial hardship in later life, it has been suggested. Reflecting on the situation, Des Hamilton, technical director of The Pensions…
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The majority of homeowners in the UK would miss out on the potential for financial rewards presented by cuts in the base rate of interest, according to Lloyds TSB. While around 15 per cent of mortgage borrowers across the country…
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Order of payment structures implemented by the majority of financial service providers mean UK British credit card users find their debts more difficult to pay off, it has been claimed. According to MoneyExpert, close to three-quarters of all lenders use…
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The Citizens Advice charity has welcomed chancellor Alistair Darling’s spending review, in which he pledged to continue support for the Financial Inclusion Fund. According to the organisation, the fund has helped it to recruit more advisors to help the many…
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While the battle over overdraft fees goes on, it has been suggested that banks are making changes to their charging systems that could ultimately hurt the pockets of British consumers. Phil Jones, from the consumer group Which?, said recently that…
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Despite taking on increasingly high levels of debt in order to own their own home, British consumers are not fully aware of why property prices have risen so sharply in recent years, it has been claimed. According to a poll…
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