Property Rescue Blog

Research conducted for the Post Office by OnePoll shows that an astonishingly high number of UK residents hide the truth about their personal debt from their family members and loved ones.

While the Office of Fair Trading (OFT) has its own take on irresponsible lending and does believe it is a widespread concern, campaigners wishing to stop irresponsible lending practices accuse the financial services industry of often luring consumers into taking loans they simply cannot afford.

In an effort to boost public finances, a new tax rate has been levied for top earners and will go into effect at the beginning of the new financial year.

As if UK residents were not already facing enough financial woes, petrol prices are on the rise yet again.

Borrowers will now be offered greater protection regarding credit cards and credit card debts, including changes that affect monthly repayment amounts and the ability to reject interest rate changes.

According to a recent survey of lenders, in the next three months overdrafts and personal loans will only be made available to those who are considered “better quality” borrowers.

The 600,000 UK residents who earn in excess of £100,000 per year will see significant changes in their personal taxes over the next two years.