An online poll carried out by the independent personal finance website Fool.co.uk found that a full 80 per cent of Brits currently banking with one of the so-called big five banks would be willing to switch their accounts. Tensions worsened…
Continue reading the "Banking survey reveals industry ‘tensions’" »
MPs are to initiate a second round of debate on the details of the proposed tribunals, courts and enforcement bill, which Citizens Advice claims would leave Brits facing credit card debt more vulnerable to unscrupulous bailiffs. Under the terms of…
Simon Ward has made his comments ahead of an announcement on the issue by the Bank of England’s monetary policy committee (MPC) next week and the economic expert suggests a fourth increase since August 2006 is not out of the…
Continue reading the "Cost of borrowing ‘could increase in March’" »
Exclusive of mortgage repayments, the latest statistics on debt management troubles in Norwich reveal that one in four of the city’s residents are now officially in the red. And given the rising costs of borrowing seen nationwide as a result…
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The Bank of England’s monetary policy committee (MPC) has increased the cost of borrowing from 4.5 per cent prior to August 2006 to the current 5.25 per cent rate and may well consider a further rise is necessary this month,…
Continue reading the "Further interest rate hike ‘in the balance’" »
The financial services provider has revealed that almost one quarter (24 per cent) of those polled as part of the latest Abbey Lifestyle Report cited money worries as the primary issue affecting their wellbeing. And as the UK’s debt management…
Continue reading the "Finances ‘Britain’s biggest concern’" »
January lending figures fell by 500 million from 2005 to 2007, the bank recently revealed, which demonstrates an increasing trend among British consumers to avoid credit card debt, Howard Archer, chief UK and European economist at Global Insight claims. And…
Continue reading the "Borrowing figures ‘reflect tighter personal budgets’" »
Tracey Mullins, a spokesperson for the Association of Independent Financial Advisers (AIFA), has suggested that while her organisation’s members are not primarily concerned with debt management issues, such concerns are now impacting upon everyone. And the spiralling credit card debts…
Continue reading the "Debt woes ‘fuelling’ demand for financial advice" »
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