Finance and Credit Professional

With financial conditions set to worsen over 2008, consumers need to take steps to safeguard their finances, an industry expert has warned.According to Angela Knight, chief executive of the British Bankers' Association (BBA), people must be careful with how they manage their money during the next 12 months. She also pointed out that Britons should [...]

An increasing number of Britons are becoming worried about their ability to manage their finances, new research reveals.In the debt index study conducted by MoneyExpert, more than a tenth (11 per cent) of those people owing money were "very concerned" about their capacity to make repayments on their borrowing, whether through personal loans, credit cards [...]

British borrowers could save over 1 billion pounds in interest by switching to a cheaper personal loan, new research indicates.In findings by uSwitch, it was revealed that by transferring expensive borrowing to cheap loans mid-term, consumers could be a total of 1.25 billion pounds better off. According to the price comparison website, those who opt [...]

Many Britons are putting themselves under unnecessary financial pressure, new research indicates.In a study conducted by the Motley Fool, the typical consumer is reported to have about two or three credit cards, with a fifth of these borrowers carrying over 1,137 pounds in debt each month. The findings also revealed that some Britons are leaving [...]

Despite the apparent financial assistance that they can provide, people should not be tempted to borrow from a loan shark.So claims the Trading Standards branch of Cambridgeshire county council which asserts that although they first seem to offer fast money help, opting for a loan from an unscrupulous provider to help supplement spending could leave [...]

The true cost of Christmas for many consumers is falling, according to a new set of findings.In research carried out by Halifax Unsecured Personal Loans, based on the Retail Price Index categories from the Office of National Statistics, the price of numerous items usually bought over the festive period has fallen during the past year. [...]

A significant number of people may find that they are to come under financial strain over the course of 2008, new research shows.In a poll conducted by the Department of Work and Pensions (DWP), more than half (55.4 per cent) of consumers claimed that they are struggling to manage with the various demands on their [...]

There has been a new emerging threat to the financial sector of most developed countries. The introduction of plastic money and a tremendous acceptance of the same among both business organizations and consumers have given rise to a situation where consumer debt today has touched an all time high. Coupled with that is the fact [...]