Research from comparison and switching service SimplySwitch has revealed that more than a quarter of mobile phone owners have lost or damaged a handset, which could be expensive to replace. “Of the 18 million new handsets bought in the UK…
Continue reading the "Carelessness could cause indebtedness as phones get ‘flushed away’" »
The bank has found that a number of consumers could benefit from debt advice as 50 per cent of those interviewed said they opted for store cards sue to their convenience when out shopping, despite the high interest rate such…
Continue reading the "A&L: People borrow ‘without proper thought’" »
Financial comparison site MoneyExpert has found that the average APR for cash withdrawals on credit cards has risen in the last six months to 23.48 per cent, a rise from November’s average of 21.27 per cent. This rise could mean…
Continue reading the "Credit card holders should avoid cash withdrawals, says firm" »
InsureandGo has found that holidaymakers could be given debt management problems by unauthorised use of their debit and credit cards, with 7.1 million people in the UK aware of someone who has been affected in this way. The research carried…
Continue reading the "Holiday fraud victims ‘could be helped to avoid debt’" »
The CPP Group has found that a number of identity fraud exploitations has caused debt to have been accrued under consumers’ identities without their consent or knowledge, with unsecured loans accounting for 17 per cent of all identity fraud cases…
Continue reading the "Identity fraud targets debt-creating measures" »
In addition, the Registry Trust has released figures that show the number of CCJs issued hit a ten-year high in the early part of 2007 as consumers across the UK struggle to deal with their debt management problems. Estimates from…
Figures from Alliance & Leicester show that 50 per cent of Britons borrowing money do so through lenders whose interest rates are high but whose products are offered at a convenient moment, as in the case of many of the…
Continue reading the "Credit consumers ‘often opt for ease over value’" »
Ms Walker suggests that by consistently failing to credit card debt outstanding on their store or credit cards consumers are running the risk of running up serious amounts of debt and potentially facing financial ruin. “Just to pay the minimum…
Continue reading the "Expert issues credit card debt warning" »
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