Personal debt problems partly due to credit cards

It has been claimed in a recent report that credit cards are playing a large part in personal debt problems amongst consumers in the UK. Officials from the UK Insolvency Helpline have claimed that credit cards are adding to worryingly high levels of personal debt amongst many consumers in the UK.
Many people have been reliant [...]

CML warns about end of homeownership dreams

Many people who do not own their own property still dream about homeownership and strive to become homeowners one day. However, there are many obstacles that can stand in the way of those that are looking to get onto the property ladder, and these problems have left many people still trying to get onto that [...]

Survey shows that house prices could fall over coming months

A survey that was recently carried out by an industry group has shown that property prices in the UK could continue to fall over the coming months. According to a report from the Royal Institute of Chartered Surveyors August marked the second straight month where property prices had fallen.
The Institute of Chartered Surveyors has recently [...]

Drop in fraudulent credit card applications

Over recent years the global credit crisis and the recession has resulted in increased difficulties for those looking for finance such as credit cards, and because of this there has been a marked increase in fraudulent credit card applications. However, recent figures that have been released have shown that the number of fraudulent credit card [...]

Five lenders take over 80 percent of mortgage lending

It has been revealed in a recent report that five of the UK’s largest mortgage lenders provided over 80 percent of mortgages in 2009. Figures were released by the Council of Mortgage Lenders, with the figures showing that the five largest lenders took 82 percent of mortgage lending in total in 2009.
The figures also showed [...]

No change in interest rates

The base rate has remained at 0.5 percent following the September Monetary Policy Committee meeting. The Bank of England announced that the base rate would remain at its all time low for the eighteenth month in a row, which will have come as a relief to many homeowners who may have been worrying about their [...]

Affordable credit for Christmas with the Tesco Clubcard credit card

Whilst it may seem that Christmas is long way off at the moment most of us know how quickly it can suddenly come around, and many people are caught short financially due to lack of preparation in the run up to Christmas. This is why it is always advisable to be financially prepared as early [...]

Enjoy a great balance transfer offer from RBS

For some years now balance transfer credit cards have enabled borrowers in the UK to benefit from big savings on the interest that they are charged on their debts. With balance transfer credit cards borrowers have been able to transfer the balances from their existing high interest credit cards onto a 0 percent balance transfer [...]

People switching mortgages need to check for redemption fees

Industry officials have urged homeowners that may be thinking of switching their mortgages to make sure they check and see if there are any redemption fees that may be charged on their existing mortgages, as otherwise they could end up switching but getting no financial benefit from the switch.
Many homeowners come across a good deal [...]

Financial pressure on homeowners could increase with rate rises

An independent financial group has recently stated that homeowners could find themselves under intense financial pressure if the base interest rate is increased. The group is one of a number of industry groups that have recently expressed concern over how homeowners will cope in the event that interest rates increase and their repayments shoot up.
The [...]

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