According to moneyexpert.com, the average amount transferred in a credit card debt transfer is £763.99 as consumers seek to take advantage of offers. However, 1.4 million people have transferred a total of £5,000 or more, with some paying as much…

The Motley Fool survey also found that three per cent of shoppers go for the instant credit of a store card because of a pushy sales assistant, with women twice as easily persuaded as men. With higher interest rates than…

According to Macmillan Cancer Support, one in seventeen of the people diagnosed with cancer lose their home, while one in six has difficulties meeting mortgage repayments or rent. Worst affected were the self-employed, with a ninth of them losing homes,…

According to Sainsbury’s Bank, Britons spend £9.14 billion in the last week before Christmas but not everyone clears their credit card debt in January, adding to financial woes throughout 2007. “Credit cards can be a safe and convenient way to…

This is largely due to the fact that, unlike those who own their home, people who rent do not have property to fall back on as collateral for secured debt. However, the bank’s poll found that most people are complacent…

The party added that personal debt was a major social problem and that official figures only showed the “tip of the iceberg” of Britain’s financial problems. According to the Social Justice Policy Group report, Breakdown Britain, a perceived lack of…

According to moneysupermarket.com, Britons with a credit card debt could be still making repayments on Christmas spending until July 2017 if they only pay the minimum each month. Robert Kenley, head of credit cards at the website, urged good debt…

Lloyds TSB’s new ‘top up’ savings account will allow customers to save money from each purchase by rounding up transactions to the nearest pound and putting the difference in a separate savings account. The launch has been welcomed by those…