Generous Britons should ensure that they are not risking their own financial security by lending money to their friends and family, it has been suggested. Cristina Hoole, a spokesperson for PayPal, insists that while asking friends and family for debts…
Continue reading the "Brits ‘must avoid lending their way into debt’" »
Last minute Christmas shoppers around the UK are likely to accumulate around £2 billion worth of credit card debt this year, according to recent research. Figures from Sainsbury’s Bank show that more money will be spent during the final week…
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The overall amount of money owed by UK consumers to their friends and family members is now worth a collective total of around £26 billion, according to a recent study. Data compiled by PayPal reveals that almost half of the…
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When it comes to doing the Christmas shopping, leaving it late can prove costly, according to recent research by the Egg online banking firm. Many people around the UK are adding to their debt management burden in order to enjoy…
Travellers from the UK have been warned that they could add to their debt management problems by spending large amounts while on holiday. According to the Post Office, the average charge levied for using a credit card overseas stands at…
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The number of people entering into an Individual Voluntary Arrangement (IVA) looks set to rise in the early part of next year, it has been claimed. Experts at the consultancy business Capital Economic are convinced that more and more people…
The Council of Mortgage Lenders (CML) has told the leaders of the Conservative Party that public policy should be focussed more directly on helping homeowners who are struggling to meet their debt management commitments. Income support for mortgage interest was…
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A report from the Citizens Advice charity has suggested that the practices of some of the UK’s sub-prime mortgage lenders have forced thousands of British borrowers into serious debt management trouble. Mortgage arrears, repossessions and court actions are all on…
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