Prospective home buyers have been warned that by entering a fixed-rate mortgage deal they could be adding to their future debt management difficulties. A fixed-rate home loan protects against rises in the base rate of interest for a specified period…
British consumers are effectively burning away their own money by adding to savings accounts while at the same time paying off interest on their credit card debts, a new study has made clear. Figures from Fool.co.uk show that as much…
Continue reading the "Billions being ‘burnt’ by interest payments" »
Britain has developed a credit culture that has left millions of people struggling to become debt free, one expert has asserted. In earlier decades consumers would save before making any significant purchase, but in recent years easy access to loans…
Almost half of the UK consumers hitting the high street in search of bargains before Christmas will add to their credit card debts to fund their spending, new research has revealed. Figures compiled on behalf of American Express suggest that…
Continue reading the "Credit card debt to fund festive buying" »
December has not yet arrived, but British consumers are already thought to have spent billions of pounds in preparation for Christmas. Millions of people around the UK are dealing with debt management issues, but almost eight per cent of adults…
Continue reading the "Christmas spending already worth billions" »
The majority of people approaching Citizens Advice bureaux (CAB) in and around Nottingham were in search of help with their debt management problems, it has been revealed. Millions of people across the country are struggling to become debt free and…
Continue reading the "Debt tops list of public’s problems" »
British consumers have been urged to budget more effectively to avoid financial struggles at the end of each month. Research by Abbey shows that the majority of adults in the UK face a financial squeeze in the few days before…
Credit consumers across the UK are cutting back on the amounts of money they borrow from high-street lenders, according to the most recent data from the British Bankers Association (BBA). Millions of people in the UK are struggling to become…
Continue reading the "Consumers ‘cutting back on borrowing’" »
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