Invites are being sent to the big debt firms to look at creating a code of conduct for the sector. “We have been trying to talk to the banks about the issues but we’ve had difficulty getting together with them,”…
Continue reading the "Regulation mooted for bad debt firms" »
Regency Mortgages did not treat customers fairly, the FSA said, meaning that many could have taken on debt they did not need due to poor information. Managing director for the FSA’s retail markets, Clive Briault, said: “Regency exposed its customers…
Most are taking points over interest-free debt, as cashback or loyalty points account for 37 per cent of cards in the Morgan Stanley Credit Card survey and zero interest for only 17 per cent. Patrick Muir, marketing director for the…
Continue reading the "Consumers opting for credit card ‘rewards’" »
Although students are offered loans, this is often not enough the report claims and many are seeing debt as part of their daily existence both as a student and graduate. “We try to advise new students to be sensible with…
Continue reading the "Students face debt as ‘fact of life’" »
Leonard Jagne, 41, let his debt spiral out of control but rather than speak to authorities about his financial problems or the physical intimidation he let them continue, the Eastbourne Herald reports. East Sussex coroner Alan Craze said: “He was…
NatWest and the Royal Bank of Scotland are said to reward staff who persuade people to take out big loans and the controversial payment protection insurance (PPI). Teresa Perchard, director of policy at Citizens Advice, said “If staff know that…
Continue reading the "Bank bonuses discovery raises concerns" »
George Rickman, brother of Debra Massimo, 46, hit out at the “breathtaking greed and stupidity” of Lloyds TSB for allowing his sister to run up a £9,500 debt when she only gets £138 a week in benefits. “The local branch…
With domestic gas prices having risen by 87 per cent since 2003, Energywatch claims that the poor are being forced into debt just to pay essential bills. Allan Asher, chief executive of Energywatch, said: “We need action now to ease…
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.
