News

The financial regulatory body publish new rules. The Financial Conduct Authority or FCA revealed a series of guidelines earlier this year to introduce new rules for people in long term and persistent credit card debt who are unable make their repayments. The rules were introduced on 1stMarch 2018 officially but companies had until the 1stSeptember ...

“Struggling with debt can have a real impact on lives and peoples’ mental health.” Most people who get into financial difficulties do so because they are struggling to make ends meet.  Not because of reckless overspending, say experts.  People can feel isolated but the truth is you are not alone. Study reveals a rise in ...

The Money Advice Trust’s new figures show people struggling with “smaller but trickier” debts. By this, they mean everyday household bills have become a problem for many households. Household bills becoming problem debts. Bills such as council tax or other bills payable to the state such as tax credit repayments are increasingly difficult to pay ...

Homeowners who used the government’s ‘help to buy’ scheme are finding it increasing difficult to remortgage their properties. For those who struggle to pay off their government equity loans they could end up finding they are stuck with an expensive product. Recent figures show that getting approval for a remortgage has dropped by 5.5%, the ...

Recent research from the Young Women’s Trust have found that levels of debt are getting worse for young people. Many say they see no escape from their debt problems. Out of a survey of 4000 young people, more than one in three said they fear they will still be in debt when the reach the ...

The recent interest rate rise has angered some economists and business journalists alike. Some believe that although the High Street banks have gone out of their way to inform customers that their tracker mortgages will now be more expensive, none, apart from the Skipton Building Society, have rushed to inform lenders that they may soon ...