Official claims there is little demand for loans from small businesses

Over recent months the leading High Street banks in the UK have received a lot of flack over their lack of lending to small and medium sized businesses in the UK. The Business Secretary, Vince Cable, as recently said that banks are falling behind with quarterly lending compared to the amount that they promised to [...]

Debt management firms exercising rogue practices

Following an investigation by the BBC it has emerged that some debt management firms have been exercising rogue practices, where they have been taking monthly payments off clients but have been failing to pass these on to the client’s creditors, leaving consumers in a worse situation than they were in before they signed up to [...]

Household debt for families gets worse

According to the results of recent research the household debt for families with children has been increasing since the beginning of this year whereas couples that do not have children are managing to reduce their debts and even save some money in some cases. The research was carried out by insurance and pensions giant Aviva, [...]

Repossessions set to rise again

It has been reported that a leading mortgage industry group is expecting the level of repossessions to increase significantly over the course of this year, with figures having increased already at the start of this year. The Council of Mortgage Lenders has released figures showing that the number of repossessions has increase and has predicted [...]

Debt management plans

At this time of year with the long summer holiday just around the corner for many people many of us are keen to sort out our finances. However, for some households who have found themselves deep in debt the prospect of being able to sort out finance are slim to nil. Those that are struggling [...]

Many younger people struggling with debts

There are many people across the UK that are struggling with debts in the current financial climate, with people of all ages finding it difficult to cope with the level of debt that they have. The Money Advice Trust has now released figures relating to the debt related problems being experienced by younger people in [...]

The Royal Wedding credit card debts

The Royal Wedding between Kate Middleton and Prince William obviously cost a pretty penny, but it is actually the general public that will have accrued the debt rather than the happy couple. According to industry officials many people rushed out in the run up to the royal wedding in order to purchase a range of [...]