The review from the Financial Services Authority found evidence of “poor practice” among a number of intermediaries and lenders, as well as some instances of irresponsible lending by firms operating in the sub-prime sector. And with thousands of people approaching…
Continue reading the "Citizens Advice welcomes sub-prime review" »
Paying off as many debts as possible would be a good starting point for a financial restructuring and cutting out unnecessary expenditures could limit the impact of an increase in the base rate of interest, suggests the price comparison service.…
Continue reading the "Consumers urged to reshuffle finances" »
Research by moneysupermarket.com has discovered that close to 29 per cent of UK homeowners do not assess the mortgage deals available to them when renewing an arrangement and instead keep faith with their current lender. Furthermore, the price comparison firm…
Continue reading the "Mortgage borrowers ‘missing cheapest deals’" »
With millions of consumers already facing serious debt management difficulties, a study by retirement specialist Tomorrow has shown that 59 per cent of Britons in their 20s have no plans to start adding to a pension funds. Indeed, one in…
Continue reading the "Report points to trouble for young consumers" »
Banks are obliged to lend responsibly in line with a regulatory code, but often other credit providers do not behave with the same scruples and consumers can find themselves paying the price, the BBA suggests. And concerns about the debt…
Continue reading the "BBA in warning over “irresponsible” lenders" »
The UK payment association has revealed that over the course of last year a total of around £321 million was spend on plastic around the country, which represents a threefold increase since 1996. And over the course of 2006 there…
Continue reading the "Plastic spending hits new record high" »
A number of experts, including Global Insight’s chief UK and European economist Howard Archer, anticipate that when the bank’s monetary policy committee (MPC) meets this week they will vote to raise the base rate of interest to 5.75 per cent.…
Continue reading the "Britain ‘set for further financial pressures’" »
Debt management problems are increasing for many consumers around the country, but figures from Halifax Home Insurance have shown that 61 per cent of people could be making savings by being careful before they wash. And the latest research suggests…
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