Consumers in the north-west of England are being granted access to a new source of impartial financial advice, thanks to the introduction of a three-month government-funded trial of Consumer Direct in the area. The service, which aims to help consumers…
The average level of mortgage debt among people aged between 25 and 34 in the UK almost doubled within ten years, according to the latest figures. A study by the National Centre for Social Research and the International Longevity Centre…
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The number of British consumers declaring insolvency is likely to have increased bythe time the latest official figures are released, according to one finance expert. Ian Gould, from the accountancy firm PKF, told the Birmingham Mail that he expects to…
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A number of mortgage lenders have increased their repayment demands, despite the Bank of England’s decision to maintain the base rate of interest earlier this month, it has been revealed. Louise Cumming, head of mortgages at moneysupermarket.com, notes that the…
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Creditors should be more cautious about lending money to British consumers, according to the chancellor Alistair Darling. Debt management has put serious financial strain on millions of families around the UK and Mr Darling maintains that both lenders and borrowers…
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With debt management problems mounting for millions of families around the UK, the Conservative Party has claimed that Gordon Brown’s economic policies have seen household incomes become increasingly stretched. Shadow chief secretary to the Treasury Phillip Hammond insists that the…
High street banks in the UK have a conflict of interest that means they are unlikely to offer entirely impartial debt advice, it has been suggested. A spokesperson for Debt Free Direct claims that creditors are likely to advise their…
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British consumers could avoid adding to their debt management misery by giving careful consideration to their financial options before opting to borrow more money, one expert has asserted. James Ketchell from the Consumer Credit Counselling Service (CCCS) suggests that people…
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