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Many of us living in the UK today are feeling the pinch caused by the global credit crunch and also the rising cost of living through basic items such as food and fuel. With wages down and overtime and bonuses being restricted, many individuals are turning to their credit cards as a source of income [...]

A number of companies have been targeting those people with an Individual Voluntary Arrangement (IVA) for their debts on loans and credit cards, with unsolicited mail shots advising them to take an alternative route to their debt management and cancel their existing IVA.
The Office of Fair Trading (OFT) has issued a warning to anyone who [...]

The number of house sales taking place currently in the UK is at the lowest level it has been since 1978, according to the most recent survey on the housing market from the Royal Institution of Chartered Surveyors (RICS).
The report shows that the number of property surveys carried out by RICS members fell to an [...]

There has been a large increase in the number of cases being brought to court for repossession orders and in many cases, the individuals concerned are not receiving adequate legal representation to which they should be entitled, according to the national forum for financial inclusion, Transact.
Many borrowers who are in an arrears situation with their [...]

We reported last week that the Financial Services Authority (FSA) is to launch an investigation into lenders practices with regard to handling arrears on borrower’s loans and mortgages, to ensure that customers are being treated fairly following the effects of the credit crunch on those home owners who may be struggling with their monthly repayments.
Now, [...]

We reported last week about the growing concerns and dangers associated with sale and rent back schemes for individuals who are in financial difficulty and wish to remain in their homes. Now one home reversion plan arranger has raised concerns that many of these unregulated companies are preying on some of the most vulnerable members [...]

The number of people who are turning to overdrafts as a solution to their financial needs is on the increase, according to a recent report.
Since the onset of the global credit crunch last year, many banks and other financial institutions are being forced to restrict the level of lending they are prepared to provide to [...]