The increase in total net lending to individuals was £10.9 billion, with loans secured on homes accounting for £9.8 billion of this. Even though Britons are still struggling with debt, the figures reveal that the demand for loans and credit…

In its survey, Citizens Advice Cymru found that 57 per cent of Welsh residents lacked a monthly budget and this is likely to be mirrored throughout the UK. “The experience of Citizens Advice Cymru shows that a general lack of…

Birmingham Midshires claims that the average amount is £7,548 in liquid savings, enough for 167 days, as the bank continues to urge people to save more. Jason Robinson, director of savings operations for Birmingham Midshires, said: “For a long time…

Nearly half of respondents in the Unisys survey thought that mortgages require a ten per cent deposit and that they can only borrow three times their salary, but this is not exclusively the case. “These figures suggest that there may…

Coleen McLoughlin, fiancee of England player Wayne Rooney, told girls to “get a grip” with debt and spending before it gets too much. “Don’t try to shop and party like a footballer’s wife,” said the 20-year-old in the Mirror. “I…

British Banker’s Association (BBA) figures show that net loans on credit cards fell by £0.3 billion, which adds to the £0.1 billion fall experienced in June. Commenting on the figures, David Dooks, BBA director of statistics, said: “Unsecured lending is…

Of the 20 towns with the worst record for CCJs over the past year, eight are in the Midlands according to the Callcredit survey which showed how debt is affecting different parts of the country. Yet while some areas escaped…

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