Government plans to shut down around 2,500 post offices around the UK will leave thousands of the most vulnerable people in society liable to increased costs as they are forced to travel further afield to access the services they are…
Continue reading the "Indebted ‘will pay’ for Post Office closures" »
A full two-thirds of consumers in the UK feel trapped by their banks and one in seven cite an inability to clear debt as the reason why, independent personal finance website Fool.co.uk has revealed. Reflecting on his organisations own findings,…
Continue reading the "Debts ‘deterring bank account switching’" »
Charging current account customers would leave many people, including pensioners and those receiving benefits, vulnerable to heightened debt management troubles, Bradford West MP Marsha Singh has suggested. And in the wake of record profit figures from the country’s biggest banks,…
The number of British homeowners with debt management concerns is already noticeably on the increase, the CCCS told the BBC. And with many expert observers predicting a further rise in interest rates later this year, there are thousands of borrowers…
Ian McCartney, consumer minister, wants to see more people made aware of debt advice and to see less people fall victim to the unscrupulous lending practices of loan sharks. Mr McCartney made his comments ahead of the opening of a…
There was concern among those facing debt management problems that the bank’s monetary policy committee (MPC) would increase interest rates during March, which would have in turn increased repayment pressures. Falling inflation levels and a difficult period for the stock…
With millions facing debt management problems and thousands opting for Individual Voluntary Arrangements (IVAs) in the UK, there is some disquiet among consumers who see many of their banking charges as unfair. As a result, more than 250,000 people have…
More effort should be made by money lenders to ensure that borrowers have a stronger understanding of the potential for debt management disaster in the event of negative unforeseen financial circumstances, Ms Wilks from the National Debtline has suggested. “The…
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