According to moneysupermarket.com, Britons with a credit card debt could be still making repayments on Christmas spending until July 2017 if they only pay the minimum each month. Robert Kenley, head of credit cards at the website, urged good debt…
Continue reading the "Decade-long Christmas debt epiphany" »
According to the Abbey report, only 31 per cent of people claim they never run out of money each month, while 54 per cent adopt a monthly debt management plan to ensure they never get strapped for cash. In addition,…
Continue reading the "69% Britons run out of money by end of month" »
As part of a BBC investigation into bank fees, the experts gave the figure after banks refused to detail their costs, despite charging customers up to £39 for going overdrawn. It is already bad enough to enter into an overdraft,…
Continue reading the "£4.50 ‘all banks can justify in fees’" »
In the Compass think-tank report, children were being “engulfed” by corporate images, with some firms even setting up websites to encourage children to pester their parents to buy goods for them. The UK’s “child-oriented market” has grown to £30billion, Compass…
Continue reading the "Spending and debt ‘killing childhood’" »
The average male will spend £161 on their wife or girlfriend, with a quarter spending over £200 on a gift, yet 57 per cent of women are showing more restraint and better debt management by spending less than a £100…
Continue reading the "Men gift debt warning" »
According to MoneyExpert.com, 77 per cent of Britons own at least one card, but the financial website said it fears that this is “further evidence of the British debt crisis as people take out more and more cards to juggle…
Continue reading the "5-card credit card debt" »
Abbey states that £324 million of damages to homes is likely to occur this year, at an average of £522 per claim, prompting calls to ensure that Britons check their homes for anything that could exacerbate damage in bad weather.…
Continue reading the "Storm debt threat" »
In contrast to older generations, who have accumulated £1.3 trillion of debt, Halifax found good debt management among children thanks to regular saving. With the average weekly income put at £33.59, three fifths of children save all their pocket money…
Continue reading the "Kids’ Christmas shopping" »