Finance and Credit Professional

The Council of Mortgage Lenders (CML) has warned that mortgage arrears and repossessions will increase in 2008, suggesting consumers having trouble with their finances may wish to take out a debt consolidation loan before debt repayments become unmanageable.Michael Coogan, CML director general, has said that the approaching period for the mortgage and housing market could [...]

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 [...]

Britons' financial difficulties are set to increase over the course of the coming months, an industry expert has reported.According to Chris Tapp, director of Credit Action, the series of base rate rises actioned by the Bank of England since August last year has caused many people's finances to come under more pressure as a result [...]