James Alexander was responding to his company’s own estimation that each household in the UK has added around £475 per year to the overall profits of the five largest banks. In light of the wake of dramatic increases in the…
Continue reading the "Brits “right to question” bank profit margins" »
The banks customers, including those with credit card debt, could generate an income of £1.79 million from the scheme. Nick White, director of financial services at price comparison and switching website uSwitch commented on what he said has been a…
Continue reading the "Lloyds TSB slammed over credit card fees" »
Reflecting on the debt management problems affecting hundreds of people in the Oldham area where he is based, Robert Cooksey of IVA firm Bridgestones suggested credit is being handed out too readily by lenders. In addition, Mr Cooksey went on…
In the wake of a series of interest rate rises, increasing numbers of management professionals are struggling with mortgage arrears due to higher levels of monthly charges, a survey from emedia has revealed. And this is seen to reflect on…
Continue reading the "Payment fears strike half a million households" »
Speaking in the wake of Citizen’s Advice figures indicating that the number of people looking for debt advice has risen 15 per cent in 12 months across England and Wales, Mr Ketchell claimed banks tend to be willing to help…
Continue reading the "Banks “accommodating” to IVA seekers" »
Only independent regulation will stop indebted Brits being at the mercy of the “bully boy tactics” it claims are employed by some of the country’s bailiffs and this idea should have formed the central theme of the recently drafted tribunals,…
Continue reading the "Citizens Advice calls for more action on bailiffs" »
The so-called tribunals, court and enforcement bill will mean stricter controls over enforcement agents and bailiffs, to ensure the protection of those vulnerable to what the department calls “unscrupulous” debt enforcement agents. “Tens of thousands of people get into debt…
Continue reading the "New bill aims to protect the indebted" »
In fact, the Bank of England’s monetary policy committee was divided 7-2 in favour of maintaining rates at current levels, but the varying opinions within the group are seen to suggest an increase could happen as 2007 progresses. And with…
Continue reading the "Bank of England split over rate rise" »
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
