Debt collection companies in the UK took on three-times more debt last year than was the case six years ago, according to reports. Figures from the Credit Services Association (CSA) show that around £21 billion worth of debt has been…
Continue reading the "Business up for Britain’s debt collectors" »
With thousands of young Britons preparing to start university life, students have been warned that they should take steps to ensure their debt management problems do not spiral out of control. Financial comparison firm MoneyExpert.com reports that that the average…
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Users of credit and debit cards have been warned that they could add to their debt management difficulties by spending money while on holiday. Research by uSwitch.com suggests that British holidaymakers could be charged a total of around £759 million…
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As millions of consumers deal with debt management difficulties across the UK, new research from Abbey has shown that lending money from friends can often lead to further problems. The recent study found that around 3.5 million Britons have argued…
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Credit card debtaccumulated while studying at university can remain a cause for concern for students long after they graduate, it has been suggested. Search engine service Moneyfacts.co.uk warns that while student credit card limits tend to be relatively low, the…
Continue reading the "Credit card debts ‘linger’ for big spending students" »
The widespread use of online banking services could leave some consumers facing financial difficulties as a result of a breakdown in communication, according to Chris Tapp, deputy director of Credit Action. Mr Tapp, whose organisation operates as a money education…
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An overwhelming majority of British consumers would resist the introduction of pay-as-you go banking fees, according to recent research. Figures from Moneysupermarket show that a full 91 per cent of Britons would not want to see the kind of banking…
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A new study has found that British consumers are charged a total of around £244 million for making cash withdrawals while on holiday. With debt management difficulties being faced by millions of Britons, figures from MoneyExpert.com suggest that spending money…
Continue reading the "Brits spend millions on overseas withdrawals" »
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