The growing trend for people in the UK to make mortgage repayments on credit cards has been described as “frankly terrifying” by the co-owner of an advisory service. Chris Jenkins of the Homeowners Advice Centre made this observation following recently…
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UK adults do not seem to have curbed their spending during the recession and instead appear to be turning to credit card debt as a solution. This is according to Chris Tapp of Credit Action, who noted that Britons are…
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Increases in the cost of living may see retired households faced with further debt threats, as research has revealed that the average family in this situation will need an extra £429 a year to keep themselves as in the manner…
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Those who took on credit card debt to pay for Christmas may find their situations exacerbated as interest rates appear to be on the rise. This is according to the Bank of England, which published figures revealing that the average…
Those seeking loans may increasingly turn to supermarket lenders over the next 12 months, as the “marketing potential” for such stores is huge. This is according to banking specialist with Defaqto David Black, who noted that Tesco has announced plans…
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Personal insolvencies in the north-west of the country look set to rise in the coming year, as new research has revealed that bankruptcy and individual voluntary agreement figures for the region are up from 2008’s. The study, conducted by RSM…
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Adults in the UK appear to prefer supermarket providers of credit cards to high street banks. This is according to a new survey conducted by uSwitch.com, which found that approximately two million people are unsatisfied with the customer support offered…
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Britons have been warned against accidentally slipping into their overdrafts in January without authorisation from the bank. Moneynet.co.uk’s Andrew Hagger recommended that, if people believe this could be a problem, they should contact their lender and arrange for an overdraft…
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