Increasing Credit Card Debt Problems in the United Kingdom
With increasing numbers of people in the UK seeking financial assistance, many financial analysts are looking into the reasons why consumers are seeking help.
Large Amounts of People in the UK Struggle with Credit Card Debt
A large group of business professionals has stated that the number of people in the UK struggling with credit card debt has risen significantly in recent months.
Consumers Should Check Credit Card Statements for Double Charges
In a major mistake by the Lloyds Banking Group, thousands of consumers were charged double for their purchases on December 31, 2010.
Departure of the Default Retirement Age Increases Mortgages
There is a chance that in the next several months, the default retirement age in the UK, otherwise known as the DRA, will be dropped.
3 Million in the UK Would Not be Able to Pay their Mortgage if Rates Rose
A recent report has found that over three million citizens in the UK would not be able to make their mortgage payments if the rates rose by just 1%
Financial Group Salans Announces Sale of Its UK Mortgage Business
Recent news involving financial firm Salans is going to further shake up the mortgage market in the UK. Recent news has not been positive for the mortgage markets.
New Credit Unions Hope to Decrease the Use of Unlicensed Loans
There is good news for those in the United Kingdom who have been seeking out unsecured loans from unqualified lenders.
More Investors from the United Kingdom Are Putting Money into China
There are recent numbers coming in that show that more and more British investors are putting money into China’s growing economy.
Warnings for Those in Gloucestershire about Unlicensed Money Lenders
The police department in Gloucestershire, has issued warnings to citizens living and working in that area about the prevalence of loan sharks operating in the area.
Ballymore Properties Debt Level Questioned By Some Authorities
Ballymore Properties has had some people questioning the debt level of the company, according to recent filings of the company’s financial statements.
The UK Takes a Stance on the Euro Zone’s Debt Problems
Those in the UK are taking note of the problems that the Euro Zone has been encountering regarding its debt problems.
Councils May Be Able to Raise an Additional £1 Billion for Debt
Westminster Council would like changes to the public sector borrowing policy. It recently requested removal of £1 billion of debt from public sector's accounting sheets.
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