The average Brit who attempts to take up driving but fails to pass their test spends as much as £687 on lessons before giving up on the idea, research from Churchill has established. And many of those who do manage…
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The UK’s fourth-biggest group became the latest bank to announce dramatic growth in takings last year with a total of £5.7 billion, although it also allocated more than £1.7 billion in provisions for writing off credit card debt and other…
While consumers may now receive bills for services such as mobile phone lines and satellite television, research from UK payments association Apacs reveals that the way people pay their bills is also changing. Although there has been a growth in…
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Within the realm of banking and credit-related issues, the FOS has confirmed that a large number of complaints focus on the alleged unfairness of a lender’s decision not to provide funds, or the provision of funds when it wasn’t apparent…
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According to Fionnuala Earley, chief economist of Nationwide, despite the absence of a further rate rise in February, recent interest rate rises are causing a reduction in interest from prospective homebuyers. With house prices rising to £174,706 in February there…
According to analysts at Citigroup, lenders will be forced to write off a total of £6.6 billion for last year, with the figure rising to £7.2 million in 2007, the Times reports. And because the amount is caused by credit…
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According to data from the British Bankers’ Association (BBA), new credit card debt in the UK decreased by £496 million, against a rise in mortgage borrowing which totalled £16.6 billion. While this was a 15 per cent increase in mortgage…
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Consumers looking for a debt consolidation solution could find such loans a short-term answer to their problems since they offer lower repayments and save people from bankruptcy, claims Credit Cards GB. In addition, the firm notes that credit card consolidation…
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