August 2007 Finance News Archive

• CCJs on the up due to consumer debt levels [20.08.07]
  Recent figures have shown that county court judgements in the UK are on the rise, with many people falling into unmanageable levels of debt and many lenders suffering the effects of bad debt deciding to take court action.
• Thousands of British Gas customer have direct debits cancelled [17.08.07]
  Over recent months there have been many complaints made against British Gas with regards to its billing methods and systems, from overcharging customers and over estimating usage to failing to issue refunds and credits without a struggle.
• Borrowers may be borrowing money fraudulently [13.08.07]
  According to recent reports a number of consumers in the UK may be taking out mortgages and loans fraudulently through the purchase of fraudulent payslips that can be bought online.
• Financial Ombudsman Service can help consumers to reclaim bank charges [12.08.07]
  Thousands of people are still in the process of claiming back their bank charges after UK financial regulators deemed them as unfair last year.
• Demand for rental homes on the rise [10.08.07]
  The current economic climate with regards to property in the UK has seen the demand for rental homes rise dramatically over the past few years.
• 2007 started with higher levels of borrowing and lower levels of saving [07.08.07]
  Consumer debt levels in the UK have been at the centre of concern for some time, with many consumers facing unmanageable levels of debt, and record numbers of people having to go insolvent.