Any such increase would heighten the debt management problems of millions of homeowners and credit consumers in the UK, but figures from Barclays show that a large majority of investment experts expect the cost of borrowing to rise. In fact,…
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Figures from mform.co.uk show that more than two million British mortgage borrowers are facing debt management difficulties as a result of the series of interest rate increases. And the online mortgage firm is convinced that young borrowers – those aged…
Continue reading the "Homeowners ‘struggling as rate rises bite’" »
UK consumers faced an increase in their debt management difficulties last month after a quarter-point rise was introduced and there were fears that another hike would happen this week. However, the bank’s monetary policy committee has decided that inflationary pressures…
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According to Which?, there are numerous companies who use 0870 numbers that allow for so-called cost sharing between them and the communications service provider, which can cost as much as eight times as much to call from a BT landline…
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The price comparison site suggests that it is borrowers who take out smaller loans – amounts below £5,000 – that are suffering the greatest impact of interest rate increases and finding a debt solution more difficult to come by. Furthermore,…
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Manager at the CAB Marti Lord told the Northampton Chronicle & Echo that his staff have been inundated with requests for advice as debt management problems spiral out of control for many consumers in the local area. Indeed, Mr Lord…
Continue reading the "CAB launches recruitment drive as debt woes worsen" »
The foundation, which operates as an independent body aiming to support low and mid income consumers, is keen to see a thorough explanation of how financial advice will be provided in years to come. And as debt management problems increase…
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As millions of British consumers stretch their own finances and face debt management problems after buying a home, 40 per cent of first-time property investors cannot explain the distinction between leasehold and freehold property, AA Legal Services research shows. Interest…
Continue reading the "Thousands of homebuyers ‘unclear on the basics’" »