In the face of the country’s deepening debt crisis and increasing cases of bankruptcy, the profits being amassed by banks are “excessive”, Mr Cable asserts. “Gordon Brown should stop worrying about his reputation with the haves and instead start thinking…
Continue reading the "Banks’ record balances “completely unjustifiable”" »
Chris Tapp, associate director at national money education charity Credit Action, suggests that for those in their 20s or 30s the fear of suffering a damaged reputation is less significant when it comes to debt management. “It [avoiding bankruptcy] is…
Continue reading the "Avoiding bankruptcy “matter of pride” for older generations" »
Tim Moss, head of loans and debt at price comparison service Moneysupermarket, also suggested that rates of interest on personal loans being offered by the country’s major banks will increase over the coming months. Mr Moss’ comments came in the…
Continue reading the "Banks likely to ‘tighten lending criteria’" »
Essential expenditures on council tax bills, fuel and housing costs and maintaining water supplies are causing financial headaches for thousands across the UK, the latest survey by Citizens Advice has established. In all, 83,000 people approached the advice charity in…
Continue reading the "Debt advice seekers up 15% in a year" »
An increased awareness among British consumers of financial services available is cited as the reason behind the almost two-thirds (65 per cent) rise in clients looking for help from the Consumer Credit Counselling Service (CCCS), reports the BBC. Research from…
Secured loans, the financial comparison service explains, are beginning to offer more competitive rates of interest and are drawing in customers considering their debt consolidation options. “They may also have a low income or may need to borrow larger amounts…
Continue reading the "Secured loans “becoming more attractive”" »
Many residents living in Warwickshire towns are struggling to find a debt solution and the Citizens Advice, which has figures to demonstrate the extent of the problem, has been fielding more calls than ever from those in the red. A…
Managing director of SmartNewHomes.com David Bexon suggests many people across Britain are put off purchasing a new home due to the additional debt management problems that they could face in the wake of rising repayment rates. And this apparent trepidation…
Continue reading the "‘Consumer confidence rocked by rate rise’" »
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