In the F&C Asset Management survey, a further 17 per cent of parents and grandparents expect to have to fund their Christmas spending through loans or credit card debt. “There is an undercurrent of cynicism towards Christmas with 16.5 per…

According to MoneyExpert.com, an eighth of credit card users still have debts from last year, with the average time to clear Christmas credit card debt being put at 2.6 months. Sean Gardner, chief executive of MoneyExpert.com, said: “Christmas is a…

Mervyn King told the Treasury select committee that credit card debt and loans were getting people into problems. “The real problems in indebtedness are not in the mortgage market but in the unsecured debt market where a number of people…

In its latest trading update, Barclays said that while its credit card arm was still performing well, it was still concerned by bad credit card debt. “The rate of growth in impairment charges continued the trend of the first half,…

Banks’ total net lending to individuals increased by £10.9 billion, higher than the increase in September and the six-month average of £10 billion. Similarly, the increase in consumer credit grew by £1.1 billion last month, including a £0.2 billion increase…

According to the association, the amount of credit and loan debt that Britons took on increased by £0.8 billion in October, compared to £0.3 billion rise in September and a monthly average of a £56 million increase. David Dooks, BBA…

Comparing the best to the worst saving, insurance and other financial products, the website found that during the third quarter of 2006, the average consumer could save £3,976.02, up £167.24 on the same figure the previous quarter. “At this time…

According to Moneyextra.com, there is still time to switch credit card debt to interest free offers to ensure that Christmas debt management starts early. “Your credit card is not just for Christmas, but with an average spend jumping 22 per…