Beccy Boden Wilks, from National Debtline, has expressed concern that women’s magazines are exerting social pressure to buy new clothes, which could be why more and more women are racking up credit card debt. Her comments follow findings from the…
Continue reading the "Female debt ‘exacerbated’ by consumer pressure" »
According to the Royal Institution of Chartered Surveyors (Rics), first-time buyers are far particularly at risk of falling behind with their mortgage repayments as interest rates go up. This means the chances of first-time buyers’ homes being repossessed is much…
Continue reading the "Rics warns of repossession misery for new buyers" »
One of the aims of the initiative is to prosecute illegitimate lenders that charge extortionate interest rates and use intimidation to ensure repayment. The scheme, which should be in place by the end of 2008, will see enforcement teams tackling…
According to the study, the number of low-income households struggling with unsecured debt fell between 1999 and 2004, regardless of whether the house was owned or rented, the Guardian reports. However, the poorest members of society are still at risk…
Continue reading the "Rising debt ‘has not ruined householders’" »
Beccy Boden Wilks, from National Debtline, said that some young adults who have recently graduated are saddled with substantial or 100 per cent mortgages, meaning their monthly outgoings are likely to be very high. And those who are unable to…
Continue reading the "‘Under-35s saddled with huge money worries’" »
According to the firm, Britons will spend, on average, £1,228 on their credit cards over the first three months of the year, compared to £730 in 2006. Despite the possibility of severe credit card debt, the figures suggest that cards…
Continue reading the "Credit card spending ‘to grow 68% in three months’" »
Beccy Boden Wilks, from National Debtline, said that excessive credit card spending at Christmas and rising interest rates had exacerbated the UK’s debt problem. She was speaking after a study from the Consumer Credit Counselling Service showed that more women…
Continue reading the "Post-Christmas debt ‘behind rise in debt advice’" »
Unbiased has followed recent research that people are borrowing half as much as they are saving, by urging people to tackle their debts as soon as possible. David Elms, chief executive of Unbiased, told easier.com that people need to budget…
Continue reading the "People urged to “take responsibility” for debts" »
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