The Economic and Social Research Council has estimated that the UK’s level of personal debt increases by around £1 million every four minutes, while the total figure topped £1 trillion for the first time in 2005, prompting concern from many…
Continue reading the "Lend responsibly, says Citizen’s Advice" »
Debt charities, including the Consumer Credit Counselling Service (CCCS) and Credit Action, have called on the well-known presenter to stop using her profile in the ads for the lender FirstPlus. They fear that Vorderman’s reputation as a Maths whiz could…
Continue reading the "Debt charities call for Vorderman ads to be axed" »
PPI covers loan customers in the event they are unable to earn enough money to meet their repayments, whether owing to an accident or loss of a job. However, online data comparison service Moneynet is advising borrowers that it is…
Continue reading the "Consumers urged to consider PPI with care" »
A survey carried out by Moneyfacts in April found that 83 per cent of almost 300 consumers expressed concern over the amount that banks routinely lend, while only just over half (54 per cent) said they trusted their own bank…
Under the new banking code introduced last month lenders are required to address the issue of responsible lending, with the British Banker Association (BBA) championing the changes. The move to self-regulate the industry is indicative of a wider willingness to…
Continue reading the "Debt problems – Bankers move to curb debt problems" »
The sample of under-30s surveyed gave an average amount of £1,073 owed per person in credit card debt, below half of the average debt incurred by 30-50 year-olds. The under-30s made greater use of overdrafts, with 51 per cent using…
Continue reading the "Under-30s avoid credit card spending but spread debts" »
Although it is not difficult to equate the enormous increase in online gambling with an growth in people seeking help to clear debt racking up on credit cards, US specialists are also warning of growing problems in internet and computer…
The lender has launched the ‘Buy for Uni’ mortgage, a 100 per cent loan, after discovering through research that there is apparently little difference between average student rents and average mortgage payments in Bath. The building society’s target customers are…
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