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Unacceptable that banks make millions of pounds from vulnerable overdraft users, says uSwitch

Following publication of the FCA’s high cost credit review, Tashema Jackson, money expert at uSwitch.com, says: “It is encouraging to hear that FCA is looking to tackle some of the …

Seven million Brits claim to be living debt free despite owing millions, UK’s debt profile reveals

Seven million Brits don’t consider they are in debt, despite having at least one credit agreement with a lender[1] Three quarters (74%) of consumers[1] are in debt owing a total …

Bank of England holding base rate at 0.5% a relief for mortgage holders

Commenting on the Bank of England’s decision to hold interest rates at 0.5%, Tashema Jackson, money expert at uSwitch.com, says: “The news that the Bank of England has kept its …

Postcode lottery: Devon residents fork out twice as much as Westminster in household running costs

PL8 in South Hams, Devon, is the most expensive postcode for running a household, with locals paying an average of £332 per month on their home insurance, energy, water and …

Mortgage providers pushing up rates ahead of predicted base rate rise in May

Average mortgage rate has increased 0.25% since mid-March[1] Rise equates to nearly £5,000 of extra interest over lifetime of the average mortgage[2] Popular mortgages have seen the largest rises – …

PPI drives increase in banking complaints figures

Commenting on the FCA complaint figures, Tashema Jackson, money expert at uSwitch.com, says: “PPI continues to dominate the banking complaints figures, as you would expect given the big push by the regulator …

Consumers left disappointed as First Direct scraps switching incentive

Following the news that First Direct will be scrapping its £100 current account switching incentive, Tashema Jackson, money expert at uSwitch.com, says: “Consumers will be disappointed to hear that First …

uSwitch comments on latest ONS household savings ratio data

Commenting on the ONS household savings data published today, Tashema Jackson, money expert at uSwitch.com, says: “It is no surprise that savings fell to a record low in 2017 given …

uSwitch comments on UK Finance’s latest lending update

Following UK Finance’s latest lending update, Tashema Jackson, money expert at uSwitch.com, says: “The growth of outstanding credit card debt, at the highest rate since the financial crisis, could be …

Brits wasting £495 each year on unused subscription services

Consumers are wasting £495 million every year on inactive subscriptions, such as TV streaming services and gym memberships[1] Most of these services use a reoccurring payment system known as a …