Payday lender banned
A payday lenders whose practices have consistently breached the law has had its licence revoked by the Office for Fair Trading (OFT).
MCO Capital h…
Credit issues ‘can affect mortgage applications’
First-time buyers applying for a mortgage may find their attempt to get on the housing ladder harmed by negatives on their credit record, a representa…
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Repossessions fall in second quarter
The number of UK homes being repossessed has fallen, a fact the Council of Mortgage Lenders (CML) has partly attributed to the good debt help many peo…
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Bank of England gives downbeat economic forecast
The Bank of England has predicted that the economy will remain flat, with very little gross domestic product (GDP) growth and a continued threat from …
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Manufacturing survey reveals gloomy picture
The current small-scale manufacturing sentiment in the UK is a negative one, according to a survey by the Confederation of British Industry (CBI).&nbs…
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Insolvency data ‘not the full picture’
Personal insolvencies may have fallen in the UK, but that does not give a full picture of the debt management problems consumers face.
This is the …
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Boss admits banks failing society
The UK's banks are "detached from society", chief executive of Royal Bank of Scotland Stephen Hester has said.
His admissio…
IVAs still preferred to bankruptcy
Consumers who suffer insolvency are still more likely to opt for an individual voluntary arrangement (IVA) than bankruptcy, new data has shown.
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