This apprehension among borrowers is reflected in the finding that the number of people across the country who opted for a five-year fixed-rate mortgage deal increased by a full 11 per cent last month. And if the perception of fresh…
Continue reading the "British borrowers “fearful of interest rate rises”" »
Helen Saxon from the Finance and Leasing Association (FLA) has moved to encourage consumers to consider carefully the terms of a credit arrangement or debt consolidation loan before opting to borrow money. In addition, as Britain’s debt management problems pile…
Ads featured in regional newspapers, which do not conform to industry standards on credit promotions and could contribute to the debt management problems of some consumers, have been reduced by 31.5 per cent in the last two years, according to…
Continue reading the "Potentially misleading credit ads ‘being limited’" »
Increased levels of borrowing among consumers, coupled with fewer people saving for their retirement, could see the UK heading for mortgage debt management crisis, suggests Dean Mirfin, business development director at Key Retirement Solutions. An average of £31,000 is owed…
Continue reading the "Over-60s ‘still owe £98m in housing debt’" »
Several hundred millions of pounds are believed to be resting in long-tern unused accounts in the UK and this money could be “reinvested in society” without altering the procedure for reclaiming the relevant cash, the Tresury has suggested. The so-called…
Continue reading the "Treasury’s new plan could ‘aid the indebted’" »
The charity makes clear that thousands of Brits have faced debt management problems as a result of money being demanded back from them by the government after claims that tax credits were paid in error. And the issue ought to…
Continue reading the "Citizens Advice raises tax credit concerns" »
MP for Telford David Wright’s comments came in response to an announcement on the issue from the government, which indicated that more will be done to prevent bailiffs from abusing their powers. The terms outlined in the proposed tribunals, courts…
Continue reading the "MP welcomes measures to protect the indebted" »
The minutes from the meeting of the rate-setting committee revealed that only one of nine members in attendance voted for a rise this month, but Global Insight’s Howard Archer maintains that a quarter-point increase could be seen soon. Currently at…
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
