It has been found that consumers are starting to lose their appetite for unsecured borrowing whether it is through unsecured loans or through credit cards.
The findings were reported by the British Bankers Association which also found that total secured lending was also down 30.3% last month when compared to the same period last year.
The major […]

It has been revealed that millions of low-income families are turning to doorstep lenders in order to shore up their debt, with some rates as high as 200%.
The report which was published by Save the Children has revealed that as many as 2.3 million borrowers are taking out unsecured loans provided by door to door […]

£50m has been paid out by us in missed payment fines in the first half of this year. This is despite the fact that many card companies have dramatically cut their penalty charges.
It is estimated that roughly 4.1m monthly card payments were missed since the beginning of the year coming to a combined total value […]

After a number of announcements this week showing that house prices have been falling by their fastest rate in 15 years, the big question arising in many quarters now is, is investing in property still a sensible move?
Experts seem to all take a fairly similar view; first of all you have to take a relative […]

The Bank of England’s monitory policy committee (MPC) held interest rates when they met on 5 June, despite the latest snapshot of UK finance showed rising inflationary pressures last month.
The housing market continues to weaken, the cost of living continues to rise and figures show that unemployment is rising again.
Meanwhile, a survey conducted by the […]

According to one of the UK’s leading economists the housing market is on the verge of a record slump and prices are going to drop by a further 10%.
The predictions comes form Morgan Stanley’s chief UK economist, David Miles and would signal the largest full year decline in house prices since records began back in […]

It has been revealed that more than 10 million British adults are living on the edge of financial ruin as a result of being unable to deal with the rising mortgage prices and other debt they have incurred over the past few years.
There are currently large portions of the UK population gripped by money problems […]

The Competition Commission has just released its report on an investigation into payment protection insurance (PPI), with a particular focus on the sale of cover to consumers.
The Commission had been looking into PPI since February of last year and has now released figures claiming that Britons are being overcharged by £1.4bn on PPI every year. […]

Many borrowers are having a tough financial year since lenders begin tightening up on their lending last year. Many lenders have already cut their short-term fixed rate mortgages as a result of what they claimed to be the fallout from Northern Rock and the global credit crunch.
Financial hardship is hitting those coming to the end […]

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 […]