Millions of people across the UK have been forced to put their retirement plans on hold, due to the fact that they are unable to afford to retire in the current economic conditions, through a lack of retirement planning and in many cases, still having outstanding loans and other debts.
The news comes from a new [...]
The Financial Ombudsman Service (FOS) has received a record number of complaints from individuals who have taken out Payment Protection Insurance (PPI) alongside a home owner loan or personal loan, in the first three months of this financial year.
The figures show that between April and July this year, the FOS have received around 81,000 complaints [...]
The poor state of the UK economy at the moment, coupled with high inflation and rising costs of basic items such as food and fuel, has left many consumers in the country struggling to stay on top of their finances, as their wages are not increasing in line with the rising cost of living.
This is [...]
The financial situation for many households in the UK has continued to decline for yet another month, according to the survey figures provided by Markit, based on data from Ipsos Mori, with households finding themselves financially worse off during July than in previous months.
High levels of inflation and high levels of personal debt on unsecured [...]
The specialist loan company, Blemain Group, has announced that it is to launch a new set of loan industry awards, which are designed to recognise outstanding achievement and customer service throughout the loan industry in the UK.
The idea behind the awards is to bring together individuals and companies within the loan industry, including loan brokers, [...]
The amount of money paid out to consumers through the Financial Services Compensation Scheme (FSCS) in the last twelve months, came to a total of £535 million, according to the annual report from the organisation, which was published last week.
The FSCS offers compensation for consumers when they have been mis sold financial products such as [...]
The debt help charity Credit Action, has just published its latest figures on the level of personal loan and credit card debt across the UK, for the month of July. The survey looks at the state of the country and economy, as well as the latest loan and borrowing figures.
The figures show that the average [...]
