Dealing with thousands of requests for debt advice from consumers around the country, the CCCS is in a position to assess some of the financial problems facing the UK and the service suggests that seeking help with debt sooner would…
Vicky Redwood, a UK economist with Capital Economics, told Channel 4 that the most recent rise in the base rate of interest will significantly impact British consumers, many of whom are already spending a large percentage of their incomes of…
According to the politicians, mortgages have not been as unaffordable as they are now for people in Wales in around 16 years and there are many credit consumers who find themselves in a “very precarious position”. To highlight the extent…
Carried out by YouGov and commissioned by Skywire Software, the recent research shows that around 30 per cent of UK citizens dodge their monthly bills and decide not to pay them straight away. And only eight per cent of those…
Mr Tutton suggests that the latest rise in the cost of borrowing could mean the difference for many consumers between having a manageable credit situation and facing “serious debt”. Additionally, the Citizens Advice spokesperson points out that problems relating to…
Finances for thousands of families in the UK are being increasingly stretched as house prices continue to rise and for many the debt management difficulties presented by a further rise in the cost of borrowing will lead to their home…
Continue reading the "Families ‘face homelessness’ after interest rate rise" »
Mr Coles suggests that in light of another rise in the cost of borrowing introduced recently, there are likely to be more people in need of debt advice and that building society employees are on hand to offer a “sympathetic…
The quarter point increase, which is the second such hike of 2007, will stretch the finances of borrowers across the country and make it more difficult for many to avoid bankruptcy. Financial pressures are likely to increase particularly on home…
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