British Consumers Spending Big on Holidays
As the holiday season arrives, British consumers have been found to spend up to a quarter of their disposable income on holidays throughout the year…
Borrowing
Consumer Credit Growth Falling
Annual consumer credit growth fell in March to the lowest level in over two years it was confirmed this week. The latest figures released by…
UK Households Downbeat About Finances
UK households have become more downbeat about their finances according to the latest survey in January by data company IHS Markit. Worries about inflation and…
UK Consumers Dipping into Savings to Get By
UK consumers are dipping into their savings at the fastest rate recorded, thought to suggest that they need to do so in order to keep…
More Consumers Defaulting on Credit
More consumers are defaulting on credit according to the latest figures supplied to the Bank of England by high street banks. Customer defaults on credit…
UK Consumer Credit Still Growing
Consumer credit borrowing in the UK is still growing at a pace, and the pace actually accelerated during May. The latest figures released by the…
Car Loan Affordability Checks to Tighten
The total borrowed in car loans to purchase new cars has almost trebled in the last eight years to over ?30 billion, causing fears that…
Nationwide Removes Early Repayment Charges
The Nationwide Building Society has taken another step to try and make borrowing fairer for all new and existing customers. Early settlement charges on all…
Consumers Relying On Credit Rather Than Saving
It seems that the old adage of saving for a rainy day isn’t being followed by almost a third of people in the UK, with…
Benefits of a Good Credit Score
A good credit score will always give you the?upper hand compared to consumers who have a bad credit rating. This happens?because the lender sees that…