Yorkshire Building Society claims that in its survey, 60 per cent of women prefer to date men with no debt, while only two per cent would look for a long-term partner who is constantly spending and has the latest gadgets.…
Continue reading the "Don’t be a Del Boy to get the girls" »
Nick White, director of financial services at price comparison website uSwitch.com, made his warning following a report by PricewaterhouseCooper which claims that annual fees of £35 per year could be introduced for plastic, adding to credit card debt. “PricewaterhouseCooper’s prediction…
Continue reading the "Fee for cards “the next logical move”" »
According to Legal & General’s MoneyMood survey, the proportion of homes reporting debt and bill problems has risen continuously for the past three years. “Our research shows that three years ago the number of households with some money left, after…
Continue reading the "More households reporting debt problems" »
David Mond, CEO of ClearDebt, called on credit and loan providers to “stop panicking” and start treating Individual Voluntary Arrangements (IVAs) as serious debt solutions. “Banks and credit card companies need to stop panicking and start taking the IVA seriously…
Sean Gardner, MoneyExpert.com’s chief executive, said that with an APR on cash withdrawal as high as 21.27 per cent, use of this function would add substantially to credit card debt. “It’s tempting to use your credit card to tide you…
Continue reading the "Christmas shoppers urged not to cash in on cards" »
A spokesperson for Which? welcomed the board’s decision and stated that such promotions were ridiculous and irresponsible, as credit card cheques have high rates of interest that could push people into debt. Hitting out at such offers, the spokesperson said:…
Continue reading the "‘Irresponsible’ credit card cheques chastised" »
A spokesperson for Which? said that it was worried that adverts encouraged irresponsible spending among consumers, pushing them into debt. Commenting on Capital One being reprimanded by the Banking Code Standards Board for sending one million customers credit card cheques…
Vince Cable, economics spokesman for the Liberal Democrats, said that with debt standing at record levels and unemployment rising, the increase from 4.75 per cent will be a “catastrophe” for many families. “People are now facing a three pronged attack…
Continue reading the "Rate rise ‘part of three pronged attack’" »
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