The CPP Group has found that a number of identity fraud exploitations has caused debt to have been accrued under consumers’ identities without their consent or knowledge, with unsecured loans accounting for 17 per cent of all identity fraud cases…
Continue reading the "Identity fraud targets debt-creating measures" »
In addition, the Registry Trust has released figures that show the number of CCJs issued hit a ten-year high in the early part of 2007 as consumers across the UK struggle to deal with their debt management problems. Estimates from…
Figures from Alliance & Leicester show that 50 per cent of Britons borrowing money do so through lenders whose interest rates are high but whose products are offered at a convenient moment, as in the case of many of the…
Continue reading the "Credit consumers ‘often opt for ease over value’" »
Ms Walker suggests that by consistently failing to credit card debt outstanding on their store or credit cards consumers are running the risk of running up serious amounts of debt and potentially facing financial ruin. “Just to pay the minimum…
Continue reading the "Expert issues credit card debt warning" »
The Debt Advisors Direct company is convinced that consumers who overcome their fears about the stigma that can sometimes be associated with debt management problems will help themselves in the long run if they seek appropriate advice. And the firm…
Continue reading the "Timely debt advice “could make all the difference”" »
Mr Cable maintains that with mortgage approval rates falling for the past three months and debt management difficulties continuing to impact millions of Britons there could be serious economic problems ahead. Furthermore, the economic expert suggests that the apparent optimism…
Continue reading the "Interest rate rises ‘starting to bite’" »
Frances Walker maintains that while the majority of borrowers in Britain do not encounter any serious debt management problems, for those who do the issues extend beyond purely financial concerns. “Something like between four and eight per cent of people…
Eric Leenders from the British Bankers’ Association (BBA) told the BBC that it is in the interests of consumers that reform proposals can be agreed upon and implemented to make the IVA application process a more straightforward one. In addition,…
Continue reading the "IVA process ‘set to be streamlined’" »
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