The research shows that the number of repossessions rose from 8,140 in the first half of 2006 to 8,860 in the second half. Totalling 17,000 in the year as a whole, repossessions were 65 per cent higher in 2006 than…
Continue reading the "Repossessions accelerated last year, says CML" »
According to MoneyExpert, 332,000 credit card bills are likely to remain unpaid in January, despite the fact that the average charge for a missed credit card bill is £12. Research also shows that ten per cent of Brits admit to…
Continue reading the "More debts for Brits as credit card bills are missed" »
According to CardGuide, borrowers are still spending large amounts of money but are taking out personal loans or overdrafts rather than relying on credit cards. Furthermore, some people have only reduced credit card spending so that they can divert their…
Continue reading the "Credit card decline ‘may not be the full story’" »
Before applying for an individual voluntary arrangement (IVA), people in the north of England have average unsecured debts of £31,000, whereas those in the south have almost £45,000, according to research from Debtmatters. The report from the company also reveals…
The news comes after the Financial Services Authority (FSA) announced that it is imposing fines of more than £600,000 on GE Capital Bank, which operates cards on behalf of retailers. PPI is an insurance product that will repay the outstanding…
Continue reading the "Card holders ‘could get PPI compensation’" »
According to Yorkshire Bank’s latest Housebuyers report, more than 80 per cent of first-time buyers are considering taking out a 25 year-plus home loan, while only 39 per cent would rule out a mortgage that was five times their income.…
Continue reading the "First-time buyers ‘risking all they have’" »
Joel Lewis, spokesperson for CCCS, said that if commitments for personal loans, credit cards, store cards come to more than a fifth of a person’s income then they are probably in need of professional help. He advised those who are…
Continue reading the "Borrowers urged not to overextend themselves" »
Since 2001, there has been a ten per cent fall in the number of adults aged under 35 who own their own home, which brings the overall figure down to 49 per cent, according to Propertyfinder. The firm said that…
Continue reading the "‘Less than half of homeowners are under 35’" »
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
