Hidden Household Debt Reaches ?19 Billion
Households in the UK are estimated to owe nearly ?19 billion in hidden household debt according to figures from Citizens Advice. The charity has put an estimated figure on the household debt caused
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Over a Million Consumers Still Owed by Payday Lenders
Over a million consumers are thought to be still owed compensation by payday lenders such as Wonga and Quick Quid. The Financial Conduct Authority (FCA) ordered the lenders
RBS Props Up Bank League Table
Royal Bank of Scotland (RBS), which is majority owned by the government, has come joint bottom of the bank league table for personal service quality.
Identity Fraud Down for First Time in Four Years
Identity fraud has fallen for the first time since 2014 according to the latest figures from leading fraud prevention service Cifas. The number of cases recorded by Cifas members
Under-25s Insolvencies Rise by 20 Per Cent
Insolvencies among under-25s in the UK are up by almost 20 per cent year-on-year according to the latest figures from accountancy company Moore Stephens. Between 2016 and 2017 insolvencies in the under-25 age group rose from 4,709 to 5,640.
Holiday Costs Could Rise by More Than 30 Per Cent
Holiday costs could rise by as much as 31 per cent due to the effects of Brexit according to a study. The research by Seasonal…
Avoid Damaging Your Credit Score
Millions of UK consumers are risking damaging their credit score because they are unaware of the ’30 per cent rule’, which if ignored could make getting competitive deals on credit harder in the future.
Interest Rate Rise Winners and Losers
The decision last week by the Bank of England Monetary Committee to raise interest rates from 0.5 per cent to 0.75 per cent will affect most consumers, some in a good way and some bad.
Credit Card Minimum Payments to be Stopped
The Financial Conduct Authority (FCA) is considering ‘de-anchoring’ the minimum payment currently offered on credit cards.
Internet Sales to be Included in Inflation Figures
The Office for National Statistics (ONS) are to start including internet sales in their data used to calculate inflation. Until now around 700 goods and services