Debt management is now the main reasons why UK consumers borrow money, one expert has suggested. Robin Amlot, senior editor of the Moneyextra.com website, insists that the so-called credit crunch that occurred earlier this year means that many people are…
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A report from Halifax Credit Cards has revealed that the average British consumer now spends around £384 on Christmas gifts. Many thousands of people add to their debt management problems by overstretching themselves over the festive period and the recent…
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Consumers across the UK are still keen to take on the debt management burden of a home loan despite the recent slowing of the housing market, it has been suggested. The Fair Investment Company insists that the UK’s “love affair…
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Consumers across the country have been urged to take control of their own debt management and to keep a closer eye on their finances. Millions of people across the UK are aiming to become debt free, but for many this…
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The overall amount of personal debt accounted for by UK consumers rose by around ten per cent during the 12 months to the end of September 2007, according to the latest data from Credit Action. Close to £1,380 billion is…
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Borrowers around the UK deliberately conceal the amounts of money they owe in order to gain more credit, it has been claimed. Roger Miller, a senior partner at the Curtis Solicitors firm, told the Plymouth Herald recently that lenders are…
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Millions of teenagers from across the UK could be facing a future in which they will be struggling to become debt free, according to recent research. Figures compiled by the Nationwide Building Society show that around a third of British…
A range of factors will contribute to seeing repossession rates in the UK rise considerably over the course of next year, according to the Council of Mortgage Lenders (CML). The council expects to see debt management become increasingly difficult for…
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