According to David Kuo, head of personal finance at Motley Fool, many people are only taking on extra debt to fund such frivolities as smoking and drinking, yet risk being overcharged for such loans in the process. “What we really…
The Interactive Media in Retail Group (IMRG) claims that online shopping meant that there are even more opportunities for poor debt management, with Christmas 2006 internet spending already beating last year’s one-day record of £131 million. “Shoppers spent £5 billion…
Continue reading the "Online Christmas debt ‘£180m in one day’" »
According to MoneyExpert.com, an eighth of credit card users still have debts from last year, with the average time to clear Christmas credit card debt being put at 2.6 months. Sean Gardner, chief executive of MoneyExpert.com, said: “Christmas is a…
Continue reading the "4.2m still paying for last year’s Christmas" »
However, the average smoker thinks they will only save less than £1,000 a year by quitting – £500 less than official figures. “The six million smokers in England who are planning to kick the habit next year are set to…
Continue reading the "Quitting smoking ‘can be part of debt management’" »
Inflation officially stands at 2.4 per cent, but the Capital Economics research found that debt management for poor people is harder due to rising living costs. According to the study, pensioners’ costs rose by 8.9 per cent in the 12…
The study shows that more than a third of people aged over 65 living on the lowest household incomes saw a tenth of their income eaten up by fuel bills. Over a quarter of pensioners said that paying council tax…
In this scheme, which ClearDebt believes is unique in the industry, the debtor’s monthly IVA contributions can be claimed for up to 12 months should a debtor be unable to work due to an accident, illness or involuntary unemployment. “Our…
In the Tesco Personal Finance survey, 22 per cent of respondents said that they were worried about their Christmas debt management, with only a third feeling optimistic about their yuletide spending. “It could be that as we move into autumn,…
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