With debt management difficulties already mounting for millions of consumers, the latest figures suggest 25 per cent of young holidaymakers will turn to their parents for financial assistance this summer. The research carried out by Lloyds TSB also discovered that…
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Each firm has been fined £10,500 as the FSA takes steps to clamp down on mortgage lenders handing out loans that leave consumers with an unsustainable debt management situation. As part of a review of more than 250 companies around…
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Mr Morris lays part of the blame for the worsening debt management difficulties being faced by millions of consumers across the UK at the door of money lending businesses around the country. “The market is giving money away too quickly…
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With official figures from the Insolvency Service due to be released later this week, accountancy firm KPMG expects that the total number of bankruptcies in the UK to have increased by ten per cent during the second quarter of the…
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Research carried out by Lloyds TSB found that around 79 per cent of Britons feel sure that the pressure on those facing debt management concerns will be increased at some point during the coming year. Furthermore, with debt management pressures…
Continue reading the "Brits ‘fear another interest rate hike’" »
Figures from MoneyExpert.com show that debt management issues are still getting worse for many thousands of Britons who borrowed money to fund their holidays in 2006. In addition, around 920,000 UK consumers have only recently managed to pay off the…
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However, Citizens Advice is convinced that as things stand, with a High Court battle over penalty charges set to get underway, thousands of consumers could find themselves out of pocket and facing more debt management difficulties. “Consumers desperately need clarity…
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Figures from LV= show that around 15 per cent of British consumers aged under 35 would be willing to take on mortgage arrears amounting to four times their annual income. And close to seven per cent of would-be homebuyers in…
Continue reading the "Young Brits warned over mortgage debt" »
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