Beccy Boden Wilks, from National Debtline, said that some young adults who have recently graduated are saddled with substantial or 100 per cent mortgages, meaning their monthly outgoings are likely to be very high. And those who are unable to…
Continue reading the "‘Under-35s saddled with huge money worries’" »
According to the firm, Britons will spend, on average, £1,228 on their credit cards over the first three months of the year, compared to £730 in 2006. Despite the possibility of severe credit card debt, the figures suggest that cards…
Continue reading the "Credit card spending ‘to grow 68% in three months’" »
Beccy Boden Wilks, from National Debtline, said that excessive credit card spending at Christmas and rising interest rates had exacerbated the UK’s debt problem. She was speaking after a study from the Consumer Credit Counselling Service showed that more women…
Continue reading the "Post-Christmas debt ‘behind rise in debt advice’" »
Unbiased has followed recent research that people are borrowing half as much as they are saving, by urging people to tackle their debts as soon as possible. David Elms, chief executive of Unbiased, told easier.com that people need to budget…
Continue reading the "People urged to “take responsibility” for debts" »
Northern Rock and Liverpool Victoria have both raised their APRs to above six per cent following this month’s base rate rise by the Bank of England. The news could spell trouble for consumers seeking to borrow money without landing themselves…
Continue reading the "Lenders dropping out of ‘cheap loans’ market" »
Suman Antcliffe, money adviser at Citizens Advice in Burton upon Trent, told the Observer that he has seen money lent to individuals who have little or no chance in repaying their loans. She said that she has successfully taken several…
Continue reading the "Banks’ lending criteria “appalling”, says expert" »
Research from the Debt Counsellors states that more than 41 per cent of people looking for help with their repayments owe money spent on store cards. It added that the combined value of transactions made on store, debit charge and…
Continue reading the "Store cards ‘a major contributor’ to UK consumer debt" »
About 16 million people in the country made a resolution at the start of the year, with two-fifths saying they intended to get out of the red. However, more than a quarter (27 per cent) fail to stick to these…
Continue reading the "New Year’s financial resolutions ‘falling by the wayside’" »
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