And with council taxes causing debt management troubles for many people across the country, a full 65 per cent of British adults discuss the issue with family and friends, suggests Unbiased.co.uk. David Elms, chief executive of unbiased.co.uk, said: “It’s no…
Continue reading the "Council tax rises providing a ‘hot topic’" »
More than 700,000 people who withdraw cash on their credit card could be worsening their debt management and credit card debt problems as they are unaware of the resulting charges, uSwitch figures suggest. And this figure equates to around 11…
Continue reading the "‘Brits paying for chip and Pin ignorance’" »
Recent uSwitch research suggests many Brits facing debt management trouble are suffering further financial woes due to these “exorbitant rates of interest” being charged on credit card cash withdrawals. Often consumers deicide to take out cash on their credit card…
Continue reading the "Credit card holders charged ‘extra £41m a year’" »
Teresa Perchard from Citizens Advice also suggests that a debt solution can be particularly hard to find for those with limited incomes as a result of a lack of access to a range of financial products. Often people living under…
Continue reading the "Expert highlights plight of the low income indebted" »
Many households could be plunged further into the debt management mire when their pre-payment metre is assessed in line with increased pricing criteria of which they were unaware, Citizens Advice has suggested. Energywatch is also concerned by the recent failure…
Continue reading the "Energy providers slammed over ‘back-charging’" »
Barclays Bank has got behind the so-called Financial Inclusion Partnership Project, which will promote the exchange of best practice and aim to build useful operating collaboration between the credit unions and CAB. In a number of instances in England and…
David Kuo, head of personal finance at fool.co.uk, claims many people could find themselves deeper in credit card debt as a result of “sneaky” practices employed by certain providers. “I think credit card companies are just trying to find sneaky…
Continue reading the "Credit providers ‘aiming to catch out consumers’" »
In a recent speech outlining the broad plan of action aimed at tackling the prevalence of debt management concerns nationwide, Mr Balls suggested ten per cent of families in Britain have their financial situations worsened due to a lack of…
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