Individual Voluntary Arrangements (IVAs) can help people who are heavily indebted address their financial issues and to find a solution, one expert has made clear. In many cases, British borrowers effectively bury their heads in the sand and hope their…
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A new guide has been launched by the UK’s payment association Apacs with the aim of helping teenagers and young people learn how to borrow responsibly and avoid unmanageable credit card debt. The association has also made another publication entitled…
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Would-be homebuyers in the UK have been warned that money lenders are likely to hike their repayment rates when dealing with someone who has a poor credit history, according to one financial expert. Mike Pendergast, a spokesperson for Zen Financial…
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A report from the consumer group Which? has cast doubt over the credibility of supposed experts who offer advice on a variety of personal finance issues, it has emerged. Research from the organisation found that only 32 per cent of…
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Young British consumers become accustomed to having debt management issues to deal with almost as soon as they enter adult life, it has been suggested. James Ketchell, from the Consumer Credit Counselling Service (CCCS), claims that it has become easier…
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UK consumers could be obliged to tighten their belts over the next few months as economic conditions leave many people out of pocket, according to one expert. Howard Archer, chief UK and European economist at Global Insight, insists that relatively…
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Mortgage borrowers around the country are increasingly looking to avoid the uncertainty of having a variable rate arrangement with their lender, according to recent research. Figures from Abbey show that almost eight in ten British consumers would opt for a…
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Young British consumers need to learn how to manage their money effectively to avoid facing debt management disaster when the get older, it has been claimed. Becky Boden-Wilkes, a spokesperson for National Debtline charity, insists that the onus is on…
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