Consumers ’Open To Financial Risk’

Many of the Britons who are renting property could be putting themselves under financial pressure, a study has revealed.

According to new research by AA Legal Services, half of those renting a home do not have a written tenancy agreement from their landlord before moving into a property, despite this being a legal requirement…

People Struggling With Debt ’Need To Recognise They Have A Problem’

Consumers concerned that they are beginning to develop financial difficulties should tackle such problems head on, an industry expert has declared.

According to Derek Oakley, insolvency director of Debt Free Direct, those people who are struggling to meet demands on various areas of their spending, for example loans, plastic cards and utility bills, need to be honest that they are experiencing such problems…

Consumers Look To Internet For Financial Guidance

People are increasingly using the internet to help them make financial decisions, new research indicates.

According to a study conducted by Birmingham Midshires, some 94 per cent of Britons are going online to get advice on a wide variety of areas, instead of seeking out a traditional face-to-face appointment…

Those From Suffolk Are ’Struggling With Debts’

More people in Suffolk are struggling with their money management, new figures indicate.

In statistics released by the Ministry of Justice, the proportion of residents in the county who are declaring bankruptcy has surged by 13 per cent over the course of three months…

Consumers Need To Take A ’Close Look’ At Borrowing Habits

As the end of the year approaches more people are set to turn towards lending as a means of supplementing their spending, new research shows.

Following analysis of figures from the Bank of England, Callcredit states that consumer borrowing, whether this is through home loans or other means, is due to rise in the remaining weeks of 2007…

Personal Loan Availability ’Diminishes’

Consumers are finding it increasingly difficult to take out a personal loan, it has been suggested.

Figures released by moneysupermarket indicate that almost half of all those applying for a loan at present are being turned down by loan lenders. However, six months ago this proportion stood at a third, reports the Daily Telegraph…

Consumers Need ’More Help With Debt’

More work needs to be done to help consumers get to grips with making loan repayments and other aspects of their money management, an industry expert has declared.

Speaking at Helping People Make the Most of their Money - the inaugural money conference held by Citizens Advice - Teresa Perchard, director of public policy for the advisory service, stated that both businesses and regulatory bodies should help those borrowers who are struggling with their finances…

Young People ’Securing Healthy Financial Future’

Young Britons are increasingly preparing for their financial future, new research shows.

Figures released by Birmingham Midshires revealed that the proportion of young people who have opened up a savings account has doubled over the last six months…

Residents In Cardiff Facing ’Unsustainable Debt Difficulties’

Consumers in Cardiff are increasingly struggling with their finances, it has been suggested.

In statistics released by the Insolvency Service, a record 410 individual bankruptcies were filed in the Welsh city and the Vale area over the course of July and September…

Brits Have ’Lost Track Of Financial Reality’

Britons are coming under increased financial pressure, a new study shows.

In research conducted by the Alliance Trust Research Centre, spending by British households fell slightly over the course of the third quarter of this year - the first decrease noted since early 2006 - with the between period witnessing a steady rise in expenditure…

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