Brits to start the New Year in huge debt

According to a recent report many Brits will start the New Year with a huge debt hangover, having spent a fortune over Christmas, which may have been added to existing debt that they already had prior to the festive season. However, another thing that is set to impact hugely on consumer debt levels is the [...]

Interest rate increase could cause misery for homeowners

For nearly two years now the base interest rate in the UK has stood at just 0.5 percent, which is the lowest level it has ever been in the history of the Bank of England, which spans over three centuries. This has proven good news for many homeowners, who have seen their monthly repayments fall [...]

Variable rate customers should be mindful of rate rises

Since March of 2009 the base interest rate in the UK has been at its all time low of just 0.5 percent, which is the lowest it has been in the history of the Bank of England, which spans over three centuries. This has been great news for those on variable rate mortgages, as they [...]

Yes Loans accused of misleading consumers

An investigation has been carried out into the dealings of a leading loans broker following accusations from customers that they had been misled by the broker. A special investigation was carried out by Newsbeat, who looked into the dealings of the broker, Yes Loans, which is known for helping people to get loans even in [...]

Rental costs rise again

It has been reported that the cost of renting a property in the UK increased again in November, although the increase did indicate that there was a slowdown in rental price hikes. Rents have been rising for ten months in a row according to reports, with a number of factors contributing towards the high rental [...]

Rising car breakdown callouts seen due to bad weather

An increase in the number of vehicle breakdown claims and callouts stemming from the bad weather has seen breakdown cover providers being put under increased pressure. The bad weather could result in callouts on breakdown cover rising even further, as consumers continue to experience accidents and damage as a result of the bad weather. Over [...]

OFT urges consumers to steer clear of loan sharks

The Office of Fair Trading has issued a warning to consumers that may be considering taking out a loan through an unregulated and unlicensed loan shark, stating that people need to steer clear of such so called lenders otherwise they could find themselves financially crippled at best or in danger of harm at worst. The [...]

Low interest rates have not helped with family debt

With the UK’s personal debt levels spiralling, and many struggling to hold on the their homes due to the inability to meet mortgage repayments, it was hoped that by bringing the base interest rate down to just 0.5 percent – its lowest level in the history of the Bank of England – households would be [...]

Mortgage lending to fall to lowest level in three decades

It has been claimed in a recent report that mortgage lending in the UK could fall to its lowest level in three decades, as some of the major UK banks are struggling to repay money that was used to bail them out. The prediction was made in a recent report, and the level of lending [...]

Card users could spend more this December than last year

The effects of the recession and the financial crisis are still causing havoc in households all around the country, and the many job losses that have been seen over the past year or two have left many people struggling to afford purchases and bill payments, and many are living with overstretched budgets on a month [...]

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