The number of people now turning to pawn shops to bolster their finances is on the increase and the practice of taking on loans in return for personal belongings is becoming more widespread among various sectors of society. Reuters reports…
Continue reading the "Pawn shops back in business as UK’s debt mounts up" »
Experian’s independent economic consultancy arm Business Strategies suggests that with interest rates likely to be rise, the knock-on effects will be bad news for the millions of Brits faced with mortgage arrears and credit card debt. Creditors will have this…
Continue reading the "Britain’s debt woes ‘set to increase’" »
An increase to 5.5 per cent when the Bank of England’s rate-setting monetary policy committee (MPC) would heighten debt management difficulties for millions across the country and for many would raise the specter of bankruptcy. But in light of the…
Robert Kenley, head of credit cards at moneysupermarket.com, suggests that credit consumers around the country are at an increased risk of debt management problems as a result of “hefty” store card repayment rates. Mr Kenley’s comments come in the wake…
Continue reading the "Credit consumers ‘need more protection’" »
Figures from a 1,000-strong survey carried out for the Unite trade union organisation suggest that more than half (51 per cent) of young workers feel they are vulnerable to exploitation by their employers. In addition, the research revealed that around…
Continue reading the "Over half of young workers face credit card debt" »
Costs such as parking fees, maintenance payments, fuel charges and vehicle taxes are all taking their toll on the finances of the average British motorist and could be making finding a debt solution more difficult for many, a recent Zurich…
Continue reading the "British drivers face “increasing financial pressure”" »
Price comparison service uSwitch claims that the new requirement for store card providers to detail annual percentage rates on payment statements issued to customers does not adequately protect consumers from accumulating significant amounts of debt. The measures have been introduced…
Continue reading the "“Excessive” store card rates highlighted" »
Des Hamilton from the Pensions Advisory Service (TPAS) claims that there could be close to ten million employees around the country who have no savings put aside for their retirement at all. And the proposals from the government to introduce…
Continue reading the "Millions facing retirement struggle" »
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