The average charge for using a credit card outside the UK stands at 2.75 per cent, but recent research from the Post Office shows that a full 47 per cent of British consumers are not aware that holiday spending can…
Continue reading the "Holidaymakers get credit card debt warning" »
The company reports that while the average amount of personal loan and credit card debt amounts to around £10,000 in the UK, the average consumer is convinced their debt management burden is only half this figure. Furthermore, the latest study…
Borrowing money has become a common feature of 21st century British life and while some consumers are able to control their spending, many others find themselves in a cycle of debt that is difficult to stop, Tim Moss from Moneysupermarket.com…
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Figures collected by online mortgage firm mform.co.uk show that with close to 14 million Britons aiming to buy a house in the next three years, more than half will take on loans worth three times the annual wage. In addition,…
Some of the largest financial services firms in Britain have been cutting their minimum repayment rates in recent months and uSwitch.com is concerned that the changes could lead to consumers taking considerably longer to pay off their credit card debt.…
Continue reading the "Millions of credit card users ‘face 30-year debt sentence’" »
The government agency charged with supplying unemployed Britons with their benefit money, Jobcentre Plus, has undergone a series of modernisation initiatives in recent months that have left some of the most vulnerable consumers facing a financial struggle, Citizens Advice insists.…
Continue reading the "Citizens Advice highlights ‘plight of Britain’s jobless’" »
Howard Archer, chief UK and European economist for Global Insight, is convinced that the Bank of England will opt to raise the base rate of interest at some point later this year. Any increase would lead to added financial pressures…
Continue reading the "Brits ‘to face further debt pressure’" »
Figures from the financial services firm show that close to a third of Britons decide to live with their parents while they attend university in an effort to avoid debt management problems when they graduate. And while millions of consumers…
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