Ultimately, the responsibility for accumulating store or credit card debt lies with the consumer involved, but in many cases details of a given credit arrangement are completely overlooked by those who are obliged to pay the money back, insists Mr…
David Kuo, head of personal finance at Fool.co.uk, maintains that while in many cases a consolidation loan can help an indebted person avoid bankruptcy, there are cases in which matters are in fact made worse through this sort of debt…
Continue reading the "Expert issues consolidation loan warning" »
Research from the online mortgage firm mform has revealed that 14 per cent of UK homeowners are convinced that they will struggle to meet their mortgage repayment demands if the base rate of interest is increased by a quarter-point. Additionally,…
Continue reading the "Millions of homeowners ‘set for struggle’" »
The firm behind the recent study suggest that while it used to be that a financial windfall might come your way in the event of parental deaths, there are now concerns among young adults that debts instead will be inherited…
Continue reading the "Under-35s fear inheritance debt mountain" »
The 12-week consultation will aim to canvass opinion on how to make IVAs simpler for all those involved, it has been revealed. A statement from the service read: “There are proposals to reduce the administrative burden and on insolvency practitioners…
While debt management difficulties continue to increase nationwide, the council has demonstrated that for first-time buyers in Britain the average percentage of their monthly income spent on mortgage repayments during March 2007 had risen from 16 to 18.3 per cent…
Continue reading the "Mortgages ‘becoming less affordable’" »
Lee Grandin, managing director of lettingagent.com, makes clear that which ever part of the country a British consumer might be from, it is often worth using the internet to get a clearer picture of how much rent they ought to…
Continue reading the "Consumers advised to search out “rental bargains”" »
Brits are still keen to invest in property despite the potential for debt management difficulties in light of recent interest rate rises and the likely prospect of a further increase in the cost of borrowing this month, figures from Property…
Continue reading the "Bigger mortgage debts ‘no deterrent’" »
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