Moira Haynes from the debt advice charity said that CAB saw 1.4 million more enquiries last year and warned that people often have their finances in a poor state in January. “We are seeing more debt problems than ever before,”…
According to Neil Munroe, spokesman for credit reference agency Equifax, the good mood from Christmas and for new year preparations does not mean that people should lessen their protection against identity theft. “It is historically a time of year when…
Continue reading the "Beware of ID fraud during festive season" »
According to the supermarket bank, 18 per cent of this went on credit card debt, which will soon accrue interest unless debt management steps are taken. Donald MacLeod, credit card manager at Sainsbury’s Bank, said: “Our research suggests that it…
Continue reading the "Britons spent £1.14bn on Christmas Eve" »
According to moneysupermarket.com, banks are set to introduce hidden fees, house prices will continue to rise and interest rates on loans will increase. Stuart Glendinning, managing director at price comparison website, moneysupermarket.com, said: “2007 will be the year of the…
This was nine per cent more than in October and 19 per cent more than last November, when loans only totalled £27.7 billion. CML director general Michael Coogan said: “Not only is today’s lending figure the highest ever, our recently…
Neil Munroe, external affairs director of credit rating firm Equifax, said that UK debt stands at £1.2 trillion and consumers spending, with a buy now pay later mentality, added to this growing problem. A sign of this is that a…
Continue reading the "Consumer debt ‘a big issue’ in 2006" »
Alliance & Leicester states that such use can create an excess £1,500 of credit card debt, yet nearly a quarter of shoppers have used store cards for purchases. “Christmas costs can really add up and some of the offers pushed…
According to Barclays, this is £230 million more than the next busiest day, December 22nd, adding that £1.5 billion of Saturday’s bills will go towards credit card debt. In addition, December will see over £15.5 billion withdrawn from cash machines…
Continue reading the "£2.3bn to be spent on last-minute shopping" »
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