Consumer campaign publication Which? claims that despite the recent court case victory for Lloyds TSB in a dispute regarding overdraft charges, contesting banks over these kinds of issues remains a worthwhile pursuit. Indeed, Which? insists that the ruling made at…
Continue reading the "Consumers urged to keep up bank charges battle" »
Mr Tyrie suggests that the reasons for bank charges, which can often force credit consumers further into debt management difficulties, are not commonly understand by bank customers throughout the country. Regular itemised bills detailing charges that are being made should…
Continue reading the "MP calls for “transparency” over bank charges" »
Howard Archer, chief UK and European economist at Global Insight, predicts that by August British credit consumers will face further pressure on their financial circumstance by way of an increase in the cost of borrowing. The rise would represent the…
Continue reading the "Interest rates ‘up again by August’" »
Figures from Prudential show that around 3.4 million UK consumers have put themselves into debt after splashing the cash before it has entered their accounts and that these arrears collectively amount to almost £2.5 billion over the course of the…
Continue reading the "Debt warning for pre-emptive spenders" »
The Financial Services Practitioner Panel has made its case in a new report, which, as debt management difficulties continue to increase, has “strongly” advised the government to introduce lessons aimed at improving the UK’s financial skills. A statement from the…
Continue reading the "Calls for finance lessons in schools" »
Julia Dallimore, marketing director at Picture Financial, claims that there are many people across the country who do not take the necessary steps to familiarise themselves with the details of their credit arrangements and run the risk of facing debt…
Continue reading the "Consumers urged to take care with their finances" »
Ross Dalzell, marketing manager for savings at Alliance & Leicester, claims that whatever products financial service firms make available, young consumers are more interested in borrowing than there are in saving. “No matter what we do, no matter how much…
Continue reading the "Young Brits ‘opt for loans instead of saving’" »
The Alliance Trust Research Centre claims that rising food and utility prices mean that for those Brits aged over 75 the rate of inflation is effectively running at around four per cent, compared with the overall rate of 2.8 per…
Continue reading the "Financial struggles of the elderly highlighted" »
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