Banks are desperately trying to weed out bad debts and as a result some borrowers are facing the prospect of having to repay their debts early and suffer pre-emptive cuts in their borrowing.
It has become increasingly apparent in recent months that banks have become extremely wary of bad debt and in response to this fear, […]

Following on from the Northern Rock crisis and the sub-prime crisis in the US, we here in Britain are really beginning to feel the impact of the credit crunch in our pockets. There have been rises in prices on the high street from food, to petrol pumps and even on loans, mortgages and credit cards.
With […]

The average Briton owes £33,000 in debt, this is almost twice as much as debt was only seven years ago when the average amount of debt was £17,000.
The large rise in debt is mainly a direct result of increases in house prices in the past decade and things are expected to get even worse in […]

Secured loans are available to almost anyone who owns a home. They work by using your property as security on the loan and this means you can borrow more than you otherwise would have been able to.
While unsecured loans typically last around 1 to 5 years are normally valued around £1,000 to £5,000, secured loans […]

A new survey published by the Daily Mail has found some very interesting offers that are available at the moment from Barclays. While some of the deals that are offered by Barclays are among the best in the market, the survey also found some very poor offerings from the company.
For example, if you are looking […]

According to research by Apac, Britons have spent more using debit cards than cash last year, with cheques becoming almost obsolete as plastic gains ground.  With the updated technology and convenience that plastic cards offer many people are now turning to debit cards instead of cash.
One can argue why cards are better than cash.  For […]

It is expected that in the coming months, many people will opt for a debt consolidation loan due to the recent increases in interest rates. A lot of the debts that people owe, and the monthly payments that they make will be affected by the recent interest rate rises made by the Bank of England. […]

With rising interest rates many people are finding it harder to keep up with monthly repayments on things such as loans or credit cards.  Trying to keep up with these monthly payments can be confusing especially if you have other bills each month that need to be paid, such as insurance or car payments.
If you […]

With the announcement from HSBC that they will be ending free overdraft accounts for graduates, students across the country are seeking advice on how to clear their overdrafts as well as their credit card debts.
Although HSBC is one of the big banks in the country there are other banks that are offering graduate students interest-free […]

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, […]