Beccy Boden Wilks, from National Debtline, said that excessive credit card spending at Christmas and rising interest rates had exacerbated the UK’s debt problem. She was speaking after a study from the Consumer Credit Counselling Service showed that more women…
Continue reading the "Post-Christmas debt ‘behind rise in debt advice’" »
According to the firm, Britons will spend, on average, £1,228 on their credit cards over the first three months of the year, compared to £730 in 2006. Despite the possibility of severe credit card debt, the figures suggest that cards…
Continue reading the "Credit card spending ‘to grow 68% in three months’" »
Beccy Boden Wilks, from National Debtline, said that some young adults who have recently graduated are saddled with substantial or 100 per cent mortgages, meaning their monthly outgoings are likely to be very high. And those who are unable to…
Continue reading the "‘Under-35s saddled with huge money worries’" »
According to the study, the number of low-income households struggling with unsecured debt fell between 1999 and 2004, regardless of whether the house was owned or rented, the Guardian reports. However, the poorest members of society are still at risk…
Continue reading the "Rising debt ‘has not ruined householders’" »
Northern Rock and Liverpool Victoria have both raised their APRs to above six per cent following this month’s base rate rise by the Bank of England. The news could spell trouble for consumers seeking to borrow money without landing themselves…
Continue reading the "Lenders dropping out of ‘cheap loans’ market" »
Unbiased has followed recent research that people are borrowing half as much as they are saving, by urging people to tackle their debts as soon as possible. David Elms, chief executive of Unbiased, told easier.com that people need to budget…
Continue reading the "People urged to “take responsibility” for debts" »
Consumers are borrowing 49 pence for every pound they save, suggests the data from unbiased.co.uk. It adds that despite the £31.7 billion put away between July and September last year, consumers are “continuing to rely on borrowed money”. David Elms,…
Continue reading the "British savings culture ‘hampered by debt’" »
A study from Money Shop found that 58 per cent have borrowed money from their parents in the last 12 months. However, only two in five of these people have paid back the full amount, with £275 being the average…
Continue reading the "More than half of consumers ‘indebted to parents’" »
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
