More results...
Exclusive: ‘Advance commissions’ said to total millions of pounds allegedly pushed customers to certain providersUK lenders paid “advance commissions” to car dealers that may have encouraged them to push costlier loans on to consumers, legal filings li…
Payments group and TV shopping channel change small print after financial regulator steps inThe City regulator has taken action after finding that customers of two leading buy now, pay later providers were “at risk of harm” because of potentially unfai…
UK central bank’s financial policy committee says borrowing trends could lead to debt troubles in near future and longer termConsumers are taking longer mortgages and spending more on credit cards in an attempt to adapt to higher interest rates and liv…
Jump in borrowers unable to make payments with landlords particularly hit and ‘worse to come’ Analysis: will the Bank listen to business and halt rate rises?Mortgage arrears jumped by 13% in the second quarter of the year to the highest level since 201…
Thinktank Cebr expects Bank rate to rise twice more and predicts 28,000 insolvencies over next yearAbout 7,000 businesses are likely to fail every quarter in 2024 as high interest rates cause financial strain and the UK economy enters recession, accord…
Experts surveyed by Reuters expect inflation to continue falling in fourth quarterBusiness live – latest updatesUK interest rates will peak at 5.5% next month as Bank of England policymakers try to minimise the impact of higher borrowing costs on the U…
Success of Integrated Debt Services, a brainchild of Con-Lib coalition, comes amid scrutiny of sectorA company created to help the government chase unpaid fines, loans and council tax saw its profits rocket by 132% last year.Integrated Debt Services (I…
Finance firms defend credit deals as ethical but health experts warn of spiralling public indebtednessPatients who face long NHS waiting lists and cannot afford to go private are being encouraged to sign up for “buy now, pay later” (BNPL) deals and oth…
Poverty charity the Joseph Rowntree Foundation warns of ‘debt timebomb’ as interest rate rises hit low-income householdsMillions of families are borrowing to cover basic bills and expenses, according to analysis that warns Britain is entering a dangero…
Data shows increase from 3.3% to 6.6% since December 2021, which was before interest rate risesPersonal loan rates have doubled in little more than 18 months, spelling “far higher” costs for financially squeezed households hoping to borrow money, new d…