According to the Financial Services Authority (FSA), advertising affects people’s debt management decisions, which is why misleading literature can be dangerous. Vernon Everitt, FSA retail themes director, remarked: “Financial advertising has a massive influence on the decisions people make. “So…
According to the accountants and business advisers BDO Stoy Hayward, a poll has revealed that consumers want to see usurers taxed, partly due to the debt woes they can bring. Stephen Herring, a tax partner at the firm, stated that…
Continue reading the "Chancellor ‘should tax loan sharks’" »
According to Scottish Widows, over five million people may need to start a debt management plan that accommodates the death of a relative due to rising house prices. “The six per cent rise in property prices means that thousands more…
The BBC has discovered that many former customers are turning to doorstep lenders who charge high interest rates, with reports that loan sharks are targeting some Farepak victims. One consumer, Lisa Tuckwell, told investigators that she has been approached by…
According to the price comparison website, the number of people struggling with energy debt management has risen by 765,000 since March to reach 6.4 million, with the amount of households in fuel poverty standing at 5.8 million. “The average energy…
According to the association, the amount of credit and loan debt that Britons took on increased by £0.8 billion in October, compared to £0.3 billion rise in September and a monthly average of a £56 million increase. David Dooks, BBA…
Through an “inner tosser” – someone who tosses money away recklessly the Tories claim that many young people were getting needlessly into debt, with those in Northern Ireland and eastern England most likely to do so. A Conservative spokesman told…
According to its survey, 12 million people have poor debt management because they are not saving enough for retirement. Chris Kenny, the ABI’s director of life and pensions, said: “Over 12 million people are still not saving enough for their…
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