According to Moneyfacts.co.uk, only three cards have no balance transfer fee, so people hoping to switch to cards to take advantage of interest free deals are set to pay the price for transferring debt. Michelle Slade, personal finance analyst at…
Swansea Institute computer student Geraint Banks-Wilkinson, 20, hanged himself because HSBC cancelled his overdraft facility, worth up to £1,200. “When he came back, basically he sat in the car, put his head in his hands and sobbed,” his mother Mrs…
has been launched to help reduce the £1.2 trillion that Britons owe. The UK Debt Help Manual has been published by the Debt Counsellors with claims that it is a “comprehensive guide” for those struggling to make repayments. John Porter…
In addition, the Standard Life Bank study found that half the population wants debt advice to help them get their finances in order and become happier. Will Fraser, national sales manager at Standard Life, said: “The research shows that professional…
Continue reading the "70% of Britons ‘unhappy due to debt’" »
Jim Spowart, the man behind the Standard Life and Intelligent Finance banks, called for action to tackle credit card debt built up by expensive cards. “Credit cards are an essential part of our everyday lives but there is no justification…
Yorkshire Bank claims that rather than putting people off buying a home, the interest rate has merely meant that people with a loan or mortgage linked to the rate are paying more each month. “Normally you would expect that with…
According to a MoneyExpert report, the average rate of interest paid on packaged bank accounts equates to only 1.5 per cent once charges are considered, well below the Bank of England rate. While these premium deals claim to offer perks…
Continue reading the "Neglected account deals costing customers" »
According to the BBA poll, debt through overdrafts has risen by a tenth last year to £8.8 billion and the association warned that bad debt from other firms could be having a knock-on effect. “One reason likely to take an…
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