Financial News
Total UK debt grows
30 September 2009
The latest figures regarding UK debt have been released, with Brits owing a total of �£1,457 billion at the end of August. According to... Read MoreBrits regret ''careless spending''
29 September 2009
Debt management plan users may be among the high proportion of Brits who regret being care free with their cash. According to recent ... Read MoreBrown''s bank charge call ''comes late in the day''
28 September 2009
Brits using debt management plans may be interested to hear the comments of one financial expert regarding bank charges. Prime minister ... Read MoreBrits dipping into their savings
25 September 2009
Brits have been forced to dip into their savings accounts over the last 12 months, a recent study has found. The Abbey Savings research ... Read MoreFinancial recovery will be ''''slow and drawn out''''
25 September 2009
Debt management plan users wondering when the recession will end may have to wait longer than hoped, it has been suggested. The London ... Read MoreLoan and debt problems ''won''t stop student spending''
24 September 2009
Despite recent reports of mounting levels of debt among students and problems with loan applications, an Adfero street poll has found the majority... Read MoreConsumers ''confused'' over current accounts
24 September 2009
British consumers face a tough time when trying to compare bank accounts, it has been suggested. According to a European Commission (EC) ... Read MoreMillions of Brits ''struggling with debt''
24 September 2009
The recession has financially impacted upon a large number of Brits to the extent where they currently struggle to pay their bills. ... Read MoreLiberal Democrats'' tax plans ''unfairly target some people''
22 September 2009
Homeowners with debt management plans may be concerned about the prospect of more financial pressure in after the Liberal Democrats suggested a ... Read MoreHome loans scheme ''will not help the market''
21 September 2009
A new personal loan scheme aimed at those looking for their first mortgage may be of little help, it has been suggested. Dragons" Den star... Read MoreDisadvantaged students ''facing loan delay problems''
21 September 2009
The news that thousands of students face delays in getting their loans could hit those from disadvantaged backgrounds hardest, it has been ... Read MoreNew mobile rules ''could help ease debt management woes''
18 September 2009
The new rules designed to stop the mis-selling of mobile phone contracts could interest those requiring debt management plans. Regulations ... Read MoreMore mortgage holders ''could require debt management plans''
18 September 2009
More and more people are falling into mortgage arrears and could possibly require a debt management plan, it has been suggested. According ... Read MoreMore mortgages approved in July
17 September 2009
The number of consumers being approved for mortgages has increased year-on-year for the first time in more than 30 months. According to ... Read MoreBrits ''consider escaping debt problems by moving abroad''
17 September 2009
A high proportion of Brits may be so worried about the lack of jobs in the UK causing them to require a debt management plan that they are ... Read MoreLoans ''could be required to see kids through university''
16 September 2009
Parents who find themselves in arrears and needing a debt management plan may be putting their children"s education at risk if they do not ... Read MoreMortgage holders put faith in property during recession
16 September 2009
Despite the house price crash during the recession, many mortgage holders still believe property to offer the best return on investment of all ... Read MoreQuantitative easing ''not working yet''
15 September 2009
The economy is yet to be significantly affected by the quantitative easing tactics taken by the Bank of England, it has been claimed. A ... Read MoreMore Brits ''might need debt management plans''
14 September 2009
Debt management plan users may be interested to hear the thoughts of Credit Action director Chris Tapp. The money education charity ... Read MoreMortgage holders ''should overpay now''
14 September 2009
New figures have revealed the amount families are spending on mortgages has fallen significantly in the last 24 months. According to ... Read MoreDebt management plan users ''wary of online banking''
11 September 2009
Brits are still wary of using the internet to help with their debt management plans, it has been claimed. According to Prevx, there is a ... Read MoreDebt management plan customers ''woes eased''
10 September 2009
Consumers seeking debt management plans may soon find their troubles begin to dissipate after some lenders announced their intentions to reduce ... Read MoreIdentity fraud coming ''from mobile accounts''
10 September 2009
Consumers are increasingly finding fraudsters to be targeting their mobile phone accounts, it has been shown. Identity theft involving the ... Read MoreMore Brits seeking debt management plan help
09 September 2009
It has been suggested the number of Brits needing a debt management plan could be on the rise. According to the Consumer Credit Counselling... Read MoreFixed-rate mortgage fees increasing
08 September 2009
Potential homebuyers hoping to secure a fixed-rate mortgage face paying an inflated set-up cost in comparison to previous years, it has been ... Read MoreLoans customers ''should shop around''
08 September 2009
When looking for finance, it is important to shop around for the best deal, it has been stated. According to lovemoney.com, people should ... Read MoreCredit card and loan debt ''holding country back''
07 September 2009
A financial expert has suggested that debt from loans and credit cards accrued by the UK public could be holding the country back from recovering ... Read MoreBrits leaving themselves ''vulnerable'' to online ID fraud
06 September 2009
Countless British computer users are leaving themselves vulnerable to identity fraud by using the same passwords for multiple ... Read MorePensioners missing out on state benefits
06 September 2009
People of retirement age could be taking out loans needlessly if new research from Just Retirement Solutions is to be believed. According ... Read More''Green shoots'' have led to over-confidence of economic growth
04 September 2009
While a number of recent statistics have pointed to an end to the recession, confidence of growth is premature. That is the opinion of ... Read MoreFSA make financial complaint data publicly available
04 September 2009
The Financial Services Authority (FSA) is releasing records and statistics from complaints received about financial services to the public for the... Read MoreThose approaching retirement should clear debts
02 September 2009
People who are heading towards retirement age should do all they can to reduce their personal debt. That is the opinion of Becky Wilks, a ... Read MoreRepossession advice offered on government website
02 September 2009
The government has launched a website designed to help homeowners who are in danger of having their property repossessed. Set up by the ... Read MoreStudents turn to work as parental funding dries up
01 September 2009
An increasing amount of British students may have to work to fund their studies due to the economic downturn. That is the result of a ... Read MoreBumper quarter for Scottish loan market
28 August 2009
The Scottish mortgage market had a successful second quarter with 11,400 policies being sold. That is according to new data from the ... Read MoreCheap loans for UK consumers ''long gone''
28 August 2009
The days of UK customers being able to secure cheap loans from UK financial institutions are "long gone" according to one ... Read MoreBarclaycard launches new account service website
28 August 2009
A new web-based account service has been launched by Barclaycard. The re-designed credit card website mybarclaycard was developed after ... Read MoreConsumers increasingly switching to variable rate mortgages
28 August 2009
After months of fixed-rate mortgages dominating the UK market, variable-rate policies are making a comeback. According to the latest John ... Read MoreLess people being disconnected due to debt
28 August 2009
The amount of British residents who saw their gas supply curtailed due to debt fell by 48 per cent in 2008. According to a survey released ... Read MoreFinancial services credibility affecting uptake of IFAs
27 August 2009
Those in need of advice regarding savings will not contact an Independent Financial Advisor (IFA) due to the recent decline in the financial ... Read MoreBritons paying up to £100 too much for energy
27 August 2009
British energy companies have been found to be overcharging customers by as much as �£100 per year. According to new data from Consumer... Read MoreSurvival package ''urgent'' for familes in recession
27 August 2009
The chief executive of Child Poverty Action Group has spoken about the urgent need for help for families who are out of work and attempting to ... Read MoreLack of preparation for retirement ''hugely concerning''
26 August 2009
Around 1.85 million people in Britain have been forced to delay their retirement because of the recession. That is the result of a survey ... Read MoreConfidence returning to UK savings market
26 August 2009
Amid the mixed signals that have heralded the end of the recession comes news that UK consumers are becoming more confident about their ability to... Read MoreBanks ''don''t want to lend''
26 August 2009
Cheap loans for British consumers may be a thing of the past, according to one expert. According to research commissioned by ... Read MoreMarket remains tough for buyers, despite price decreases
26 August 2009
Property buyers will continue to face difficulties in securing a mortgage, despite recent falls in house prices. That is according to the ... Read MoreCredit crunch raises financial awareness in Britain
25 August 2009
Britains are becoming more aware of their exact finances due to the credit crunch. That is the result of a new survey by National Savings ... Read MoreMore than half of consumers blame banks for recession
24 August 2009
New data suggests that 51 per cent of consumers blame banks in the US or in Britain for the recession. According to figures released by ... Read MoreAn end to recession means an end to cheap mortgage payments
21 August 2009
As the recession eases and the mortgage market begins to recover it will mean an end to the low base rate of interest and cheap mortgage ... Read MoreAverage student needs £42k for university
20 August 2009
Almost 90 per cent of young people in the UK require financial support from their parents in order to attend university. That is according ... Read MoreSurge in child trust funds
19 August 2009
There has been an increase in the popularity of trust funds for children, according to new data. Yorkshire Building Society has reported a ... Read MoreHousing should be government focus in recession
18 August 2009
Provisions for social housing should be a priority for local councils during the economic downturn. This is the opinion of Gavin Hayes, ... Read MoreRecession is ending but unemployment set to rise?
17 August 2009
As the recession begins to draw to an end unemployment may temper the celebrations. That is according to Professor Iain Begg from the ... Read MoreRepossessions fall but caution still advised
17 August 2009
The amount of British homes being repossessed declined in the second quarter of 2009, compared with the first three months. According to ... Read MoreBritons reluctant to adjust lifestyle to combat debt
14 August 2009
Despite the rising levels of UK debt many homeowners are unwilling to downgrade their lifestyle. This is the result of a survey ... Read More3.5 million mortgage customers ''unable to move''
14 August 2009
A third of all UK customers with a residential mortgage are unable to move house due to a lack of equity or an inability to gain access to funds, ... Read MoreReturn of bank lending could be detrimental to the economy
13 August 2009
A return to pre recession levels of bank lending could have an adverse effect on Britain"s economy. That is according to Melissa Kidd, ... Read More''Spreading your cash'' may help to bolster savings
12 August 2009
Savers who have deposited money into fixed rate savings accounts have lost out on significant amounts of interest because of the timing of their ... Read MoreRemortgaging market is in ''positive situation''
11 August 2009
New figures suggest that the remortgaging market in the UK is enjoying a resurgence. According to data released by Unbiased.co.uk enquiries... Read MoreBCC: More redundancies to come
10 August 2009
British workers face the prospect of further job losses after new data revealed that 50 per cent of firms are considering ... Read MoreInsolvencies soar by 27.4%
10 August 2009
Insolvencies have risen by 27.4 per cent year-on-year, during the second quarter of 2009. That is according to new data released by the ... Read MoreBank of England base rate maintained at 0.5%
07 August 2009
The Bank of England (BOE) maintained the base rate of interest at 0.5 per cent yesterday (August 6th). For the fifth month running the ... Read More''Clear signs'' of Britain pulling out of recession
06 August 2009
The next few months will see Britain move out of recession, according to one expert. Michael Baxter, an economist from research company ... Read MoreParents give first time buyers a leg up on to property ladder
06 August 2009
Those who are looking for a mortgage on their first home will find it difficult to obtain one without the help of their parents. That is ... Read MoreMortgage rates likely to be reduced by major lenders
05 August 2009
Nationwide Building Society has reduced the rates on some of its fixed and tracker mortgages prompting commentators to predict other lenders may ... Read MoreHuge rise in identity fraud levels
04 August 2009
The number of people who have been a victim of identity theft has risen in the first half of 2009. That is according to CIFAS �€� The ... Read MorePeople should not delay in seeking financial advice
03 August 2009
People that are worried about the status of their job, or have suffered a drop of income during the recession should seek debt advice. That... Read MoreGovernment''s recession strategy ''could turn out to be wrong''
03 August 2009
An industry expert has suggested that the measures undertaken by the government to stem the rising tide of unemployment may not have been the ... Read MoreBuyers can feel ''optimistic'' about housing market
31 July 2009
Those looking for a mortgage can be "optimistic" about the housing market even though a recovery is not imminent. That is the view of ... Read MoreCredit crunch forcing people to high-interest lenders
30 July 2009
People on low-incomes are being forced to turn to high-interest money lenders because banks are refusing credit. That is according to Ian ... Read MoreFear preventing people from facing debt
29 July 2009
Embarrassment and fear are holding people back from taking a pro-active approach to dealing with debt. New data released by ... Read MoreBanks offering bonuses to boost savings rate
28 July 2009
UK banks are offering saver bonuses in an effort to attract customers to their services. That is according to Moneyfacts.co.uk, which noted... Read MoreBritain''s mortgage market could ''change forever''
28 July 2009
The mortgage market in the UK could see a complete change over the next few years, according to one expert. Mark O"Sullivan, director of ... Read MoreChoosing a mortgage is ''taking a gamble''
27 July 2009
Those who are trying to decide whether to opt for a fixed rate or tracker mortgage need to judge how long the base rate will remain ... Read MoreHigh street bank mortgage lending shows ''modest increase'' in June
24 July 2009
Gross and net mortgage lending in high street banks both showed modest increases in the month of June, according to an industry ... Read MoreBRC upholds spending statistics
24 July 2009
Recession-busting summer sales have boosted retail figures in June, according to the British Retail Consortium (BRC). Following data ... Read MoreGetting on the property ladder ''always'' difficult
24 July 2009
House prices may continue to fall this year and in 2010, according to a report. Financial auditing company PricewaterhouseCooper recently ... Read MoreEconomy will ''grow'' in 2010
23 July 2009
by Christian James
After a 4.3 per cent contraction in the UK economy during 2009, a one per cent rise will occur next year. That is ... Read MoreConsumers hoarding credit cards after balance transfers
23 July 2009
By Gary Huddless
Customers who perform balance transfers on credit cards are hanging on to both accounts. That is according to a report... Read MoreFixed rate mortgages most popular in June
23 July 2009
By Gary Huddless
Fixed rate mortgages accounted for 83 per cent of new mortgages in June, according to a new report. The John Charcol ... Read MoreISAs give ''immediate benefit'' in recession
23 July 2009
By Christian James
Those looking to accumulate savings during the current economic downturn should consider an Individual Savings Account ... Read MoreMortgage lending in June totalled £12.3bn
22 July 2009
By Christian James
Gross mortgage lending in June 2009 reached �£12.3 billion, a 17 per cent increase from April. That is according... Read MoreGDP recovery to be ''subdued''
22 July 2009
By Christian James
The recovery of Britain"s Gross Domestic Product in 2010, after the expected decline this year, will be ... Read MorePublic borrowing soars in June
22 July 2009
By Gary Huddless
The net value of Britain"s borrowing in June was �£13 billion. That is according to data released yesterday (July... Read MoreQuick change mortgage deals ''detrimental'' to customers
21 July 2009
By Gary Huddless
The average UK mortgage deal is on the market for just two weeks. That is according to Moneyfacts data, released on ... Read MoreBanks are offering ''increasingly competitive rates'' for saving
20 July 2009
By Christian James
Now could be a good time for customers to look around and secure a better deal on their savings. That is the view of... Read MoreCredit card fraud could be tackled by ''international security standards''
20 July 2009
By Gary Huddless
Introducing "international security standards" such as chip-and-pin technolgoy could significantly reduce the risk of ... Read MoreBanks need to ''change'' after recession
17 July 2009
By Gary Huddless
The UK banking sector needs to undergo a "cultural change" after the current economic downturn. That is ... Read MoreYoung worst hit by recession
17 July 2009
By Christian James
Young people are the group that has been hit the hardest during the current economic downturn. That is according to ... Read MoreFewer personal loan lenders on the market
16 July 2009
By Gary Huddless
The amount of lenders offering personal loans has dropped by almost 40 per cent. That is according to new data ... Read MoreRecession threatening retirement
15 July 2009
By Gary Huddless
An increasing number of over 50s are struggling to amass savings that will enable them to enjoy a comfortable ... Read MoreMortgage application exaggerations can lead to ''downward spiral''
14 July 2009
By Christian James
In the current economic climate many people who are applying for mortgages are tempted to "bend the truth" to ... Read MoreStudents ''need to have large overdrafts''
13 July 2009
People who enter higher education must have a large overdraft due to the nature of university funding, it has been suggested. According to ... Read MoreYoung home buyers turning to parents for deposit help
10 July 2009
With the typical deposit demanded by lenders from FTBs now standing at 25 per cent, newly-released figures from the Council of Mortgage Lenders ... Read MoreBritons to fall back on £1,500 in the event of sudden job loss
09 July 2009
Despite the fact that a majority of Britons are already feeling the effects of the global economic downturn first-hand, around two-thirds of ... Read MoreNationwide launches ''125% mortgage''
09 July 2009
Nationwide has announced that it is to offer mortgages worth up to 125 per cent the value of a property to certain borrowers. Coming as ... Read MoreMortgage products dramatically reduced since 2007
08 July 2009
The number of available mortgage products in the UK has significantly declined in the last two years, new figures have revealed. According ... Read MoreLoan defaults on the rise
07 July 2009
The amount of people defaulting on loan payments has risen in the last three months. That is according to the Bank of England, which ... Read MoreLending market ''showing signs of improvement''
06 July 2009
The UK"s mortgage lending market is showing signs of starting to buoy, it has been suggested. However, according to the Building Societies... Read MoreMortgage Rescue Scheme has helped just six households
03 July 2009
The Mortgage Rescue Scheme which was set up by the government in January has helped just six households, according to new data. A recent ... Read MoreCustomers urged to save to avoid huge debt
02 July 2009
By Christian James
A leading industry expert has insisted that British consumers must begin to save after figures revealed the UK"s ... Read MoreUnauthorised credit limit increases to cause interest boom
02 July 2009
By Gary Huddless
A potential �£5.9 billion of credit card interest charges could be paid annually due to unauthorised credit limit ... Read MoreHigher unemployment could lead to debt deferrals
01 July 2009
By Gary Huddless
The current high rate of unemployment could mean a huge number of people are unable to keep up with debt ... Read MoreDebts could mean savings accounts ''raided''
30 June 2009
UK banks are taking advantage of a law which enables them to take money out of customers" personal savings accounts to recover monies ... Read MoreDebt could be staved off by trust funds
29 June 2009
Creating a trust fund for a child at an early age can help parents to avoid slipping into debt at a later stage. That is according to David... Read MoreLenders looking to secure loans and credit card debts, figures show
26 June 2009
Lenders are increasingly looking to transform unsecured debts from loans and credit cards into secured debts on property, placing many Britons at ... Read MoreSocial networking sites leaving Britons open to ID theft and fraud
25 June 2009
A worryingly large proportion of adults are leaving themselves vulnerable to ID theft and fraud by making potentially sensitive information freely... Read MoreMajority of borrowers turning to fixed-rate mortgages
23 June 2009
A vast majority of UK borrowers are now opting for fixed-rate mortgages, new figures from Legal &General show. According to the ... Read MoreBroadband users ''willing to pay more for faster connections''
22 June 2009
Around half of all British internet users would be willing to pay extra in return for "significantly" faster connection speeds, a new ... Read MoreMortgage lending still declining
19 June 2009
Despite a slowing rate of decline, there is little chance of a significant recovery in the mortgage market. That is according to new data ... Read MoreUnemployment threatens more repossessions
18 June 2009
Unemployment in Britain has reached 2.26 million and it could have a knock-on effect for the mortgage market. Statistics released yesterday... Read MoreMortgage market begins recovery
17 June 2009
House purchases accounted for more than half of all mortgage deals in May, the first time since 2007 that remortgages have not accounted for the ... Read MoreCost of living falling
16 June 2009
The cost of living is becoming more affordable, according to statistics released today (June 16th). Figures published by the Office for ... Read MoreThe ''worst of the recession is over''
15 June 2009
By Gary Huddless
A series of recently published statistics suggest that the worst of the recession may be over in Britain. Reports from... Read MoreMore people seeking debt advice during recession
12 June 2009
By Gary Huddless
An elevated number of people are seeking advice regarding bankruptcy, redundancy, mortgages and loans due to the recession, ... Read MoreUK ''lifting out of recession''
11 June 2009
By Christian James
The UK could be moving out of the recession a lot quicker than many economists predicted. That is according to ... Read MoreMore homes could be repossessed
10 June 2009
By Gary Huddless
Up to 160,000 UK homeowners are finding it difficult to fund their mortgage payments in the recession. That is ... Read MoreMortgage market may recover with housing market
09 June 2009
By Christian James
Those looking to trade in the property market have been given some positive news by data released today (June ... Read MoreLloyds begin government payback
08 June 2009
By Gary Huddless
The Lloyds banking group has announced that it will become the first of the major banks to begin repaying the government ... Read MoreBRC reveals nation of cautious spenders
01 May 2009
Consumers are being very cautious with their spending and are saving money by only buying essential items. That is according to the ... Read MoreID fraud can lead to blacklisting but help is at hand
30 April 2009
An increasing number of people are becoming the victims of identity fraud, which is resulting in them being blacklisted by credit agencies. ... Read MoreWhich? reveals some airline credit card charges too high
30 April 2009
People concerned about incurring charges on their credit or debit card should be aware that some airlines are guilty of over charging. ... Read MoreDebt concerns may change student demographic, expert warns
29 April 2009
The increasing level of debt faced by graduates could have an effect on student demographics as concern over finance becomes the number one ... Read MorePermanently overdrawn consumers are spending beyond means
28 April 2009
Consumers who are permanently in overdraft need to acknowledge that they are living beyond their means and make the appropriate changes to get ... Read MoreRecession fuels identity theft, research reveals
27 April 2009
Previous experience has shown that consumers are at greater risk from identity theft during an economic downturn. That is according to ... Read MoreConsumers warned not to take cash out on credit cards
27 April 2009
Consumers struggling to manage their debts should not be tempted to take cash out on their credit card. That is according to financial ... Read MoreYoung fail to see online identity theft as an issue
23 April 2009
Putting sensitive information onto social networking websites could leave people open to identity fraud. That is the warning from ... Read MoreUK borrowers can take advantage of ''competitive marketplace''
23 April 2009
Borrowers in the UK have access to a range of credit cards with different interest rates and deals to choose from. That is according to ... Read MoreSpending increasing on smaller value items
22 April 2009
Consumer spending habits are changing as people continue to use their debit cards but for smaller items such as meals out. That is ... Read MoreTax breaks for lenders would boost savings, expert advises
21 April 2009
The government needs to intervene and offer tax breaks to lenders to encourage them to offer better savings rates to consumers. That is ... Read MoreSurvey suggests savers should opt for building society accounts
20 April 2009
Consumers wanting to get the best deal on their savings in the current economic climate should consider investing in a building society ... Read MoreOver 65s and Londoners fear identity fraud, research reveals
16 April 2009
Londoners greatest fear is that they could become the victim of identity fraud. That is according to research commissioned by Halifax Home... Read MoreSubprime lending disappearing, AMI warns
15 April 2009
Consumers with a poor credit rating may find it difficult to get on the housing ladder due to tighter lending criteria caused by the current ... Read MoreConsumers urged to pay off high interest debts first
14 April 2009
Consumers need to look at the debts they are paying the most interest on, and prioritise those ahead of all other payments. That is the ... Read MoreAMI: Bad credit limiting mortgage lending
09 April 2009
People with a poor credit rating are finding it increasingly difficult to secure a mortgage as a result of lender reluctance to grant them a loan,... Read MoreRecession makes Britons save more and spend less
08 April 2009
The age of conspicuous consumerism could be coming to an end as people react to the recession by curbing their spending and increasing their ... Read MoreCCCS welcomes 30-day reprieve for those in debt
07 April 2009
A new system, which aims to encourage people in debt to seek help, has been welcomed by a credit counselling charity. The Consumer Credit ... Read MoreConsumers search out deals on credit cards, research reveals
06 April 2009
Concern over mounting debt is pushing consumers to spend time researching the best deals on credit cards. That is according to price ... Read MoreUK sees change in attitude towards debt management
03 April 2009
Low interest rates are encouraging people to move their money out of savings accounts and to use it instead to pay off outstanding ... Read MoreCouples hide debt from each other, research reveals
02 April 2009
One in five people are lying to their partner about the amount of debt they have, according to a new study. The research, commissioned by ... Read MoreIdentity theft risk as consumers not ''savvy''
25 March 2009
Consumers are failing to protect themselves against identity theft because they are too willing to part with their bank details. That is ... Read MoreIncrease in high earners struggling to manage debts
24 March 2009
People who earn over �£35,000 a year are struggling to manage their debts as the recession hits higher income earners. That is ... Read More
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