Shoppers who borrow money using store cards have been advised to plan ahead to avoid what could be a serious debt management headache. With Halloween approaching, Nationwide has warned that credit consumers could find themselves facing some frightening repayment demands…
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Consumers have been warned to be wary of businesses making ‘cold calls’ and offering various deals designed to sound enticing. According to the Which? group, there are now a number of companies operating in the UK who call unsuspecting consumers…
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Accumulating credit card debt in an effort to keep up with mortgage repayment demands can be a beneficial financial move under certain circumstances, it has been claimed. Stephen Rose, director of Debt Advice Bureau, makes clear that if mortgage debt…
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A report from the CreditExpert company has pointed to a lack of awareness among UK credit consumers of how they are impacted by changes to the base rate of interest. Many people face heightened debt management difficulties after rises in…
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Millions of UK consumers are not aware of how much money they owe to their creditors, according to recent research. Figures from Callcredit show that around 60 per cent of people cannot put an accurate figure on the extent of…
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There are likely to be “huge” numbers of people relying on credit arrangements to fund their activities over the festive season this year, one expert has asserted. Susan Hannums, savings manager for financial advisory firm AWD Chase de Vere, maintains…
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A challenge laid down by the ifs School of Finance has received thousands of entrants as it aims to encourage a greater understanding of money-related issues among the UK’s young consumers. Young people are increasingly finding themselves struggling to deal…
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As millions of UK consumers struggle to become debt free, a new study has revealed that people in the south-east of England are the more likely than those in any other region to borrow via a credit card. Figures from…
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