National Debtline spokesperson Beccy Wilks claims that across the UK there are people with different levels of income all struggling to clear debt they have accumulated as a result of ill advised borrowing decisions. And a widespread “financial illiteracy” has…
Despite rising by a single point to 85 last month, the index rating put overall confidence a full nine points below the level recorded prior to last August’s interest rate rise, Nationwide reports. And with debt management problems influencing the…
Continue reading the "Consumer confidence ‘stays low’ during February" »
The organisation points to its own research, which claims additional charges on credit card debt accumulated by travelling Brits this year will amount to a full £258 million. And this prediction is all the more noteworthy given that over a…
Continue reading the "Post Office highlights credit card charge risk" »
Mr Tapp points to the “freeing up of the market”, particularly while Margaret Thatcher was prime minister, as the reason behind a surge in credit card uptake and subsequent debt management difficulties around the country. This “liberalisation” of money lending…
Continue reading the "Ease of borrowing ‘behind Britain’s debt woe’" »
Ms Willott raised her concerns in response to the criticism from Citizen’s Advice of government proposals to increase the powers of bailiffs to enter the premises of people in loan or credit card debt. More should be done to promote…
Continue reading the "MP calls for action on ’causes of debt crisis’" »
Speaking in the wake of Britain’s so-called big five banks announcing record profits, Nick White, director of financial services uSwitch.com, suggested individuals should keep a close eye on how their account or credit card debt charges change. “We have seen…
An inability to arrange direct debit payments for gas and electricity bills leaves many people with no choice but to pay an extra ten per cent on these provisions annually, according to research from Save the Children and the Family…
Continue reading the "‘Poor families face higher charges’" »
General manger at the Chiltern Debt Management Jackie Newton company suggests that if the Bank of England’s’ monetary policy committee (MPC) decides to raise interest rates to 5.5 per cent on Thursday (March 8th), the UK will head further towards…
Continue reading the "March interest rate rise ‘could be catastrophic’" »
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