According to a spokesman for the association, late shopping can mean that people spend more than they plan to, fuelling debt problems. Brian Capon said: “You tend to find that men, in particular, tend to go out last-minute to do…
Continue reading the "Early shopping ‘is good debt management’" »
Saying that for many this is season is “Stressmas”, Dr John Sentamu quoted figures from Credit Action which indicate that UK spending will reach £51.6 billion over Christmas, with debit and credit card debt as much as £31.8 billion. “Little…
Continue reading the "Archbishop warns over Christmas debt" »
According to moneyexpert.com, the average amount transferred in a credit card debt transfer is £763.99 as consumers seek to take advantage of offers. However, 1.4 million people have transferred a total of £5,000 or more, with some paying as much…
Continue reading the "£6.5bn credit card debt shuffle" »
In addition, the Bupa survey found that half of those polled worried about spending all their savings on care, with 42 per cent claiming that they would rather pay for care than be a burden on their family. Only a…
Continue reading the "Britons ‘burying head in sand’ over future care" »
On January 1st 2007 Scottish and Southern Energy will increase its gas prices 12.2 per cent and up its electricity costs 9.4 per cent. Eight days later British Gas is set to increase its online Click Energy tariff, moving it…
Continue reading the "New year energy debt warning" »
The Motley Fool survey also found that three per cent of shoppers go for the instant credit of a store card because of a pushy sales assistant, with women twice as easily persuaded as men. With higher interest rates than…
Continue reading the "Third of shoppers “sleepwalking” to debt danger" »
Even though divorce rates are falling, Norwich Union states in its report on the cost of splitting that the average couple has to fork out £28,000 when their marriage ends, twice the amount spent in 2003. Simon Quick of the…
Continue reading the "Divorce debt danger" »
In a move that will see IVAs self-regulated in a way similar to the Banking Code is, it should benefit users of the agreements even more. While many already trust reputable providers to help them clear debt through an IVA,…
Continue reading the "IVA summit agreement" »