Helen Ainsworth, a Which? spokeswoman, said that it is simple to obtain such an interst-free deal but if people are not aware of the conditions, they could soon fall deep into debt or even get a County Court Judgment (CCJ).…

Trevor Matthews, chief executive of Standard Life Assurance, added that 44 per cent of Britons cannot or will not save, due to such financial burdens bills and spiralling debt. “The savings gap in the UK is of great concern. Low…

According to the Debt Counsellors, 91 per cent of people seeking debt advice do so due to credit card debt levels. John Porter of the debt advice firm said: “Credit card debt is obviously one of the major factors of…

According to the charity, it gave debt advice to 1.4 million people in the two countries in 2005-06, an increase of 11 per cent on the year before. Citizens Advice chief executive David Harker was concerned about the findings: “Our…

According to Alliance & Leicester, borrowing has slowed to 1.4 per cent a year, compared to the ten-year average of 11.7 per cent and even credit card debt has fallen. Chris Rhodes, managing director of Alliance & Leicester retail banking,…

AstraDelph International Debt Collection has sent letters to Britons threatening legal proceedings, a County Court Judgment (CCJ) or even a visit from bailiffs unless an alleged debt is paid. Christine Wade, OFT assistant chief executive, consumer advice and trading standards,…

According to Morgan Stanley, credit card debt will rise this year by 35 per cent on last year’s season, hitting £1,270. However, Patrick Muir, marketing director at the Morgan Stanley Credit Card, said that the study also showed that repayments…

Yorkshire Building Society claims that Britons could save £44 billion every year through simple measures, a move which would see many become debt free. Tanya Jackson, media relations manager at the building society, commented: “It is interesting to see that…