Archive for the ‘Uncategorized’ Category

TweetShareAngela Knight, chief executive officer of the British Bankers’ Association, states that banks remain willing to accept the new voluntary code, which is to be introduced by the end of March. The code is set to cover charges, the quality of advice given on IVAs and contract transparency. It aims to provide consumers with a [...]

TweetShareA survey from the Confederation of British Industry has found that 30 per cent of banks and more than three-quarters (78 per cent) of businesses are to see a rise in the number of bad loans in the first three months of 2007. The news follows reports that the financial services authority has suffered five-quarters [...]

TweetShareJanuary is traditionally the time of year when debt counsellors are most busy as consumers are faced with hefty bills following large Christmas spends. Nisar Afsar, a debt advice coordinator with the Family Welfare Association, says he has been taking calls from between 40 and 50 clients on people seeking his help over bills from [...]

TweetShareResearch from Norwich Union suggests that Britons’ zeal for a bargain as they flock to the shops for the January sales could risk them encountering serious debt. The data states that 55 per cent of shoppers are proud to boast about a bargain they have found during the sales, with 27 per cent unable to [...]

TweetShareAlthough the number of people suffering from debts is increasing across the UK, one debt solution charity suggests that certain problems peculiar to Scotland mean that the numbers of debtors north of the border are continuing to rise at a faster pace. Invocas believes that lower numbers of homeowners in Scotland together with a buoyant [...]

TweetShareNew research suggests that rising levels of debt will change people’s spending habits, forcing many to lease goods rather than purchase them. The Future Laboratory states that the trend originated in the US but will soon catch on in UK shores, with a boom in leasing expected this year. Gwyneth Holland, trend and research editor [...]