After a series of complaints from customer the telecommunications regulator, Ofcom, has launched a review into fees that are levied by operators.  Ofcom states that it is looking into the issue of concealed costs for services that are not directly associated with using your service, whether it is mobile, broadband, or your home phone.  Some […]

New figures show that it might be cheaper to borrow larger amounts with some personal loans.  This is based on personal loans of under £5,000, which have found that loans under £5,000 can be more expensive as the cost of loans over £5,000 have dropped or barely moved.  MoneyExpert conducted the research and believes that […]

Data from a price comparison site, uSwitch, has revealed that banks are making £52 million extra by increasing overdraft rates.  These figures show that within the last six months banks and building societies have increased the cost of authorised overdraft rates by 0.93% on average.
Typically consumers are charged interest in double-digits for using authorised overdrafts, […]

The last year has seen staggering changes in credit card spending trends.  Credit card spending trends continue to fluctuate as the Bank of England increases interest rates to tackle the inflation rate. Consumer education and a growing trend to reduce debt is also impacting the way consumers use their credit cards.
Changes to credit card fees, […]

It has been revealed that the cheapest school uniform can be found on sale at Asda for just £9.96.  The outfit includes a polo shirt, vest, sweatshirt, briefs, socks, trousers or skirt and black scuff-resistant shoes.
The £9.96 price tag for a school uniform was for children from three to six years of age with larger […]

Mortgage companies are starting to force borrowers to pay for expensive property valuations, no matter the size of the loan.  Some lenders can charge borrowers as little as £20, however some lenders may charge as much as £800.
Typically borrowers are more than willing to secure a property valuation, as they want to make sure their […]

The Department of Productivity, Energy and Industry (DPEI) closed down a buy-to-let scam in 1995 which promised to help investors make money on the property market.  Three companies linked to the scam ended up at the High Court recently, following confidential investigations by the DPEI.
The DPEI claimed that the companies took “substantial sums of money” […]

Thousands of Britons may face a tax crackdown and face penalty charges if they do not come clean about their rental income.  Those who own holiday homes risk penalty charges as well as prosecution or be faced with paying up as much as double the tax they owe if they do not claim their rental […]

Many consumers are unaware of a situation called ‘debt dependency.’  This refers to a condition where consumers become indebted, and are forced to continue borrowing on credit cards and payday loans just to make ends meet each month.
These spenders never reach a point where they can save money, and pay cash. In fact, so inured […]

Price comparison website, moneysupermarket.com have issued a caution to those tempted by a rush of new deals meant to tempt bank account holders into switching. The latest account provider to join the lists of those offering tempting new deals is Halifax building society.
Kevin Mountford, head of savings at moneysupermarket commented: “The current account market is […]