November, 2007 news
Festive tills jingle early to the tune of £6bn
Shoppers in the UK have spent over £6 billion on festive supplies already as the run up to Christmas continues, new research shows.... Read more »
Loans industry `hit by credit crunch`
Predictions for the annual growth of the personal loans industry have been more than halved as a result of the recent credit crunch, it has been reported.... Read more »
Class of 2008 `will retire with generous pension`
Most people across the UK who plan to retire during 2008 will do so with a relatively large final salary pension scheme and not having to worry about debt management, new research shows.... Read more »
Debt management warnings `must be heeded`
Warnings from the financial industry to start saving for the future early and to implement sufficient debt management techniques must be heeded by consumers, an expert has claimed.... Read more »
Bailiffs to collect `24bn in 2008`
The UK`s debt problems will become worse in the next 12 months, according to new figures.... Read more »
Interest rate falls `unlikely to hit mortgage market`
Any decision by the Bank of England to lower interest rates will not have an immediate affect on homeowners as the mortgage market is "completely detached" from the Bank`s decisions, an industry expert claimed.... Read more »
Zero-tolerance approach for loan sharks
A special task force is being set up in Liverpool to clamp down on the growing number of loan sharks in the city, it has been reported.... Read more »
Consumers putting `head in sand` over pensions
Many people are putting their "head in the sand" when it comes to pensions which is poor debt management, according to a financial expert.... Read more »
Lenders` rate hikes `make loans more expensive`
Consumers are finding borrowing money in the form of personal loans or mortgages more expensive due to high interest rates, a financial expert has stated.... Read more »
Buying `just` cheaper than renting properties
It is still cheaper in the long run to buy a house rather than rent for a long period, but the financial difference is getting smaller, a new survey has found.... Read more »
Plans to reunite lost money launched
A plan to reunite consumers with money left unclaimed in bank and building society accounts across the UK has been launched.... Read more »
Consumers `aware of debt solutions`
Consumers are actively looking at minimising debt problems following the recent turbulence in the financial markets, an industry expert has claimed.... Read more »
Repossession predictions may be `conservative`
Predictions of a 50 per cent increase in housing repossessions may be "conservative", according to a leading financial expert.... Read more »
BoE `will cut interest rates in 2008`
Policymakers at the Bank of England (BoE) are likely to wait for further economic signals before they decide to reduce interest rates, a financial analyst has suggested.... Read more »
House prices continue to rise amid slowdown fears
House prices rose sharply again during October despite the underlying market activity slowing, a new survey has found.... Read more »