In the CreditExpert.co.uk report, 41 per cent of adults said that they were worried about household bills and 11 per cent fewer people now expect to be able to pay their bills. “The recent increases in household bills have hit…
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According to the charity, it gave debt advice to 1.4 million people in the two countries in 2005-06, an increase of 11 per cent on the year before. Citizens Advice chief executive David Harker was concerned about the findings: “Our…
According to Alliance & Leicester, borrowing has slowed to 1.4 per cent a year, compared to the ten-year average of 11.7 per cent and even credit card debt has fallen. Chris Rhodes, managing director of Alliance & Leicester retail banking,…
According to John Charcol, anyone with a mortgage or loan linked to the interest rate should start their debt management now as a rise is likely, increasing the amount of repayments required each month. Ray Boulger, senior technical manager at…
According to the consumer finance website, 70 per cent of banks approve loans without income checks, while 1.9 million loans are given without affordability ratings, meaning that credit could be allowed for those who risk debt. “With one person in…
AstraDelph International Debt Collection has sent letters to Britons threatening legal proceedings, a County Court Judgment (CCJ) or even a visit from bailiffs unless an alleged debt is paid. Christine Wade, OFT assistant chief executive, consumer advice and trading standards,…
The Debt Resolution Forum will speak on behalf of companies and advisers working across the industry to help ensure that holders of an IVA are treated fairly. According to Reuters, the forum is being established due to soaring rates of…
The ifs School of Finance has said that despite figures showing that insolvencies are on the increase and that lenders were giving Britons even more credit, 6,000 students were taking GCSE, A-level or equivalent personal finance qualifications. “Whilst it may…
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