The repossession rate among UK consumers with serious debt management problems is set to increase, according to the Council of Mortgage Lenders (CML). Around 13,500 homes were repossessed during the second half of last year and the council anticipates that…
Romance can be costly according to recent research that has shown British consumers plan to spend a combined total of over £1.6 billion on their partners this Valentine’s Day. Despite the fact that millions of households are struggling with debt…
A new computer game has been launched with the aim of engaging young Britons over issues of debt management, it has emerged. The YouthNet charity has introduced the game, dubbed Turf War, which invites players to throw computerised dog pooh…
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The Bank of England has opted to cut the base rate of interest by a quarter-point to 5.25 per cent, it has been announced. With millions of people struggling to become debt free around the country, the reduction of the…
The amount of credit card debt accumulated over the course of Christmas 2007 in the UK was close to £11.3 billion, according to the latest figures. Data compiled by the UK’s payment association Apacs has shown that there were around…
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January saw a rush among British consumers to secure a good deal on a debt consolidation loan, according to a report from Halifax. The financial services firm has claimed that the first month of the year is by far the…
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Older generations of British consumers are among those most likely to be secretive about the extent of their debt management issues, a recent study has found. Research by YouGov on behalf of accountancy firm KPMG established that while people aged…
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The placing of new limits on the amount of credit card debt its customers can access was handled badly by Egg and its parent company Citigroup, it has been claimed. According to Moneysupermarket.com, some of Egg’s customers have suggested that…
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