Archive for the ‘Debt Management’ Category

TweetShareIn the wake of a series of interest rate rises, increasing numbers of management professionals are struggling with mortgage arrears due to higher levels of monthly charges, a survey from emedia has revealed. And this is seen to reflect on the rest of the population, who could well be facing even tougher debt management situations, [...]

TweetShareMs Melville’s suggestion comes in the wake of the revelation that banks in the UK have accumulated their highest ever profits, despite receiving more complaints about their services than ever before. The very idea of charging current account customers is “crazy” and would mean more debt management problems for those people in Britain who already [...]

TweetShareChris Tapp, associate director at national money education charity Credit Action, suggests that for those in their 20s or 30s the fear of suffering a damaged reputation is less significant when it comes to debt management. “It [avoiding bankruptcy] is more of a matter of pride than for younger people,” Mr Tapp explained in response [...]

TweetShareManaging director of SmartNewHomes.com David Bexon suggests many people across Britain are put off purchasing a new home due to the additional debt management problems that they could face in the wake of rising repayment rates. And this apparent trepidation among potential homebuyers demonstrates the effects of November’s decision to raise interest rates and is [...]

TweetShareRichard Snook, from the Centre for Economics and Business Research (cebr), suggests that there is a strong chance that inflation in the UK will rise above targets set by the Bank of England (BoE) and a rate raise could be necessary as a result. “Should inflation bounce back in February driven by the implementation of [...]

TweetShareThe charity expects debt management advice to increase this year and said that BBA figures which show credit card borrowing to have contracted merely shows that people are borrowing in different ways. However, David Dooks, BBA director of statistics, said the fact that credit card borrowing fell last year shows that the appetite for consumer [...]