December, 2007 news
Mortgage lenders targeting `secure homeownwers`
Consumers who are better qualified and who are considered a lower risk are being targeted by mortgage lenders as a result of the recent credit crunch, an industry expert has claimed.... Read more »
New standards `will help IVA applications`
New industry standards to help people get out of debt problems have been cautiously welcomed by a major financial institution.... Read more »
Family loans `cause rifts and feuds`
Lending money to friends and family can cause debt problems and feuds further down the road, new research claims.... Read more »
Credit crunch `wont halt borrowing`
Consumers throughout the UK will continue to borrow in the form of overdrafts and personal loans despite the recent credit crunch and its ongoing effects, a financial expert has claimed.... Read more »
Boozy Christmas ahead for consumers
The majority of UK consumers will spend most of their Christmas funds on food and drinks, a new survey claims.... Read more »
Housing market "double-edged sword" for first-timers
The current slowdown in the property market will be a "double-edged sword" for first-time buyers attempting to enter the market, a major institution has claimed.... Read more »
Consumers `risk debt to ensure merry Christmas`
More than one in every ten consumers will go into debt in order to fund Christmas, a major financial organisation has suggested. ... Read more »
Interest rate cut relief for consumers
Consumers with debt problems may be feeling a little happier after the Bank of England cut interest rates by 0.25 per cent.... Read more »
RBS wipes £1.25bn as credit crunch hits
One of the UK`s largest banks has announced it is set to write off at least £1.25 billion due to exposure to bad debts as a result of the recent credit crunch.... Read more »
Mortgage market `doing better than expected`
The mortgage lending industry is healthier than many experts had predicted after the recent credit crunch, a leading financial body has claimed.... Read more »