News Archive
Working-class in debt by living middle-class lifestyle
Thursday, April 24th 2008
A study has found that approximately 2.7 million 'social climbers' have an average personal debt of £13,000 excluding...Banks lose overdraft charges case
Thursday, April 24th 2008
The UK's biggest banks have lost a test case about overdraft charges. A judge has decided that the Office of Fair Trading (OFT)...Security Industry Authority to regulate baliffs
Wednesday, April 23rd 2008
Industry proposal for alternative body dismissed by government The government is to regulate bailiffs through the Security...Spiralling living costs cripple debtors on the poverty line
Wednesday, April 23rd 2008
Utility bill payments taking up a higher proportion of income Rising household costs and utility bills are dragging...Credit Crunch Debt Outlook
Wednesday, April 23rd 2008
The Comsumer Credit Counselling Service (CCCS) says the credit crunch is starting to have an effect on consumer borrowing. In its...UK mortgage rescue plan could come next week
Friday, April 18th 2008
British authorities are working on a plan to break a lending squeeze gripping the home loan market and could announce details as...OFT warns 13 debt agencies
Friday, April 18th 2008
After receiving consumer complaints about a number of agencies the Office of Fair Trading has issued a warning to the 13 companies...Rates rejig from mortgage lenders
Wednesday, April 16th 2008
Some of the UK's biggest mortgage lenders have again shuffled the cost of their deals for new customers, as the financial...Thousands to have usual credit lines cut off
Wednesday, April 16th 2008
Almost 600,000 people will be unable to refinance their debts this year after finding their usual lines of credit cut off, forcing...Unpaid debts will result in court judgements
Tuesday, April 15th 2008
Accountants KPMG are predicting that a million county court judgments will be issued this year, up from almost 800,000 in 2007 and...Housing gloom 'worst in 30 years'
Tuesday, April 15th 2008
Confidence in the UK housing market fell in March to its lowest point in 30 years, according to a closely watched survey of...Money worries result in millions slashing their spending
Tuesday, April 8th 2008
Research from comparison site MoneyExpert has revealed that households are slashing spending and dipping into their savings...Borrowers race for cash, personal debt soars
Tuesday, April 8th 2008
Consumers are rushing to borrow what they can as the credit squeeze continues and cheap re-mortgaging deals disappear. As a...Unpaid debts will result in court judgements
Tuesday, April 8th 2008
Accountants KPMG are predicting that a million county court judgments will be issued this year, up from almost 800,000 in 2007 and...Debt warning young about too much credit
Tuesday, April 8th 2008
Young people are being forced into debt because of the ease with which they can get credit, research suggests. A Scottish Widows...Extra help for first-time buyers
Tuesday, April 8th 2008
The government is to announce new measures to encourage first-time buyers and key workers to participate in its affordable...Mortgage lending hits 16-year low
Tuesday, April 8th 2008
The number of mortgages being lent for house purchase has slumped to its lowest level for 16 years, according to the Council of...House prices 'see sharp decline'
Tuesday, April 8th 2008
House prices fell by 2.5% in March, the biggest monthly decline since September 1992, the Halifax has said. The latest...Mortgage approvals at 13 year low
Wednesday, April 2nd 2008
The continuing decline in the property market has been underlined by the latest Bank of England figures. The number of...First Direct withdraws mortgages
Wednesday, April 2nd 2008
First Direct has temporarily stopped offering any of its mortgages to people who are not already its customers. The bank,...Mortgage criteria getting tighter
Wednesday, March 26th 2008
Consumers are finding it tougher to get a mortgage as cautious lenders continue to withdraw and change deals. Financial...Fall in range of mortgage deals
Wednesday, March 26th 2008
The shortage of funds in the banking system has seen the number of different types of mortgage deals fall by almost two-thirds...Millions 'spend more than income'
Wednesday, March 19th 2008
Five million people, or one in 10 adults, spend more than they earn on a monthly basis, according to financial comparison...Bailiffs to get more regulation
Wednesday, March 19th 2008
Plans designed to protect householders from unscrupulous bailiffs have been announced by the Ministry of...New protection for IVA customers
Tuesday, March 18th 2008
The government has set out a new code governing Individual Voluntary Arrangements (IVAs), a controversial alternative to...Rising numbers seek debt advice
Tuesday, March 18th 2008
Fears over mortgage arrears and household bills have led to a surge in the number of people seeking help from the Citizens...Remortgage Demand Soaring
Tuesday, March 4th 2008
Borrower demand for remortgages has increased by 25% in four months and has exceeded that of First Time Buyers for the first time...Fears grow for over-indebted homeowners
Tuesday, February 26th 2008
Fears are growing that homeowners with 100 percent-plus mortgages could run into trouble after a string of lenders, including...Debts Concerning One in Three
Wednesday, February 20th 2008
A third of Brits are now concerned about their ability to manage debts, as the credit crunch and rising cost of living catch many...Debt: Avoiding Repossession
Monday, February 11th 2008
Practical advice is being issued to struggling mortgage-owners in a bid to stem the rising rates of repossessions. Following...Mortgage Debt Danger
Monday, February 4th 2008
Soaring mortgage interest is crippling Brits adding greater burden to debt problems for the average household, a thinktank has...FSA: High debts may hit 'significant minority'
Monday, February 4th 2008
A significant number of Brits could experience financial problems because of their high levels of debts, warns the Financial...Bankruptcy Orders Up In 2007
Monday, February 4th 2008
Bankruptcy orders rose 2.4 per cent over 2007 - with 64,480 people going under. In total there were 106,645 insolvencies last...Over a million Brits have secret loans
Thursday, January 31st 2008
Research from Abbey Loans reveals that as many as 1.35 million of the unsecured personal loans taken by the British public were...Insolvencies Set To Soar in 2008
Monday, January 28th 2008
A bumper year for insolvencies is on the cards, with higher numbers of companies and individuals throwing in the towel, Financial...Consumers Not Heeding Worsening Financial Reality
Thursday, January 24th 2008
Alliance Trusts measure of consumer financial wellbeing shows a worrying fall in the fourth quarter of 2007 as pressure mounts...5 Million Brits Overspending
Wednesday, January 23rd 2008
A new report by independent price comparison and switching service, uSwitch.com, reveals the heights that the nations passion for...Loans Costs Rising
Tuesday, January 22nd 2008
The cost of borrowing is increasing, despite the Bank of England dropping interest rates last month. Furthermore the cost of a...Lenders Sting Customers With Higher Rates
Monday, January 21st 2008
LONDON (Reuters) - Lenders are stinging consumers with far larger increases in the cost of borrowing than hikes in the official...Consumers Warned About Unauthorised Debt
Friday, January 18th 2008
Consumers have been warned to consider the cost of unauthorised borrowing by financial information provider Moneyfacts. According...Mortgage lenders cut maximum borrowing level
Monday, January 14th 2008
LONDON (Reuters) - Eleven mortgage lenders have reduced the amount of money they will lend to home-buyers, as expectations of a...Consumers Carry Over Xmas Debt
Saturday, January 12th 2008
More than 4.4 million people are still paying for last Christmas, according to research from MoneyExpert. In addition, the...Britain Borrows more than 11bn
Wednesday, January 2nd 2008
UK consumers amassed over £11.7 bn in debt in the third quarter of this year, research from website Unbiased.co.uk has...
