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Newsletter published on personal finance trends
A personal finance comparison website has published its latest newsletter examining trends in the industry.
The report by uSwitch.com has noted an increased range of credit card and loan offerings from financial services providers.
uSwitch also predicts increased scrutiny of individual voluntary arrangements used for the negotiation of debt settlements and states a preference that borrowers lend responsibly rather than be subject to heavy legislation.
The site also argues that free banking will become less prevalent in the industry, with borrowers being "enticed" by improved fee-paying packages and noted an increasing number of reward based credit cards on the market rather than those offering zero per cent interest on balance transfers.
Nick White, head of personal finance at uSwitch.com, said: "September also saw a wealth of new rates and customer offers in the credit card and loan area."
Last year, financial advisory group Vantis investigated individual voluntary arrangements alongside other forms of debt consolidation.