UK consumers should avoid funding property purchases through unsecured debt, one expert has asserted. Peter Beckett, business development director with iammoving.com, has described using credit card debt or personal loans to raise a housing deposit as a “very dangerous thing…
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People considering applying for more credit card debt have been warned that they should be sure of acceptance before doing so. According to David Kuo, head of personal finance at Fool.co.uk, consumers risk worsening their own debt management scenario by…
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Younger generations of British consumers have a better idea about how to handle their debts than their older counterparts, it has been suggested. Writing for the Observer recently, Huma Qureshi makes the case that teenagers across the country have developed…
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Estate agents around the country are closing their doors as millions of consumers struggle to maintain control of their debt management problems, it has been suggested. Figures compiled by financial data provider debtwire have shown that there are now almost…
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With debt management problems worsening for millions of British families, many are cutting back the amounts they plan to spend while on holiday, it has been revealed. Figures from the currency exchange firm FairFX show that almost three in every…
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More than 25,000 people from England and Wales entered insolvency over the course of the first three months of this year, according to the latest official data. The figures show that there were 15,651 cases of bankruptcy and 9,614 reported…
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British consumers are being too decent and overly polite in how they deal with their banks in regards to the issue of overdraft charges, it has been suggested. Marc Gander, founder of the Consumer Action Group, maintains that British people…
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The lack of credit availability will see bankruptcy levels rise across the UK in months to come, according to one expert. Anna Sofat, founder of financial management firm Addidi Wealth, is convinced that many people with debt problems will be…
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