New research suggests that rising levels of debt will change people’s spending habits, forcing many to lease goods rather than purchase them. The Future Laboratory states that the trend originated in the US but will soon catch on in UK…
Continue reading the "Younger people “weighed down by debt”" »
The Consumer Credit Counselling Service (CCCS) has issued advice to consumers who might be heading to the January sales following a heavy Christmas spend. It says that there are certain warning signs people should watch out for, which might indicate…
Continue reading the "Watch for 20 per cent warning sign, says debt agency" »
Which?, the consumer watchdog, recently released advice to borrowers on ways that consumers can make the right decisions when borrowing money. The guidance comes as shoppers head out to the January sales, having already possibly spent a lot during the…
Continue reading the "‘Think before making purchases to avoid debt’" »
The Consumer Credit Counselling Service (CCCS) said that people should examine their financial ingoings and outgoings then pay off store cards, which typically carry high rates of interest. “If people are worried about debt then we would advise them to…
Continue reading the "Pay costly store cards first, says CCCS" »
This warning from Moira Haynes, spokesperson for Citizens Advice, comes as consumers make a decision about how much money to spend in the January sales and whether they need to take out credit. Ms Haynes remarked that lenders ought to…
Continue reading the "Poor financial decisions can ‘make you poorer’" »
According to James Ketchell, spokesperson for the Consumer Credit Counselling Service (CCCS), the fact that in-house figures which show credit card borrowing to have fallen since August is a good sign. “We have seen since August last year that overall…
Continue reading the "CCCS: Consumers showing signs of responsibility" »
Managed by several lawyers and accountants, IVA.com will post online feedback about IVA firms and insolvency practitioners. The website hopes that this will have the double effect of improving quality and increasing competition. An IVA.com spokesperson said: “We at IVA.com…
According to Which?, a cheap way of borrowing money is to take out an unsecured personal loan, as they often have some of the lowest interest rates on the personal credit market. As well as being a good source of…
Continue reading the "Sensible borrowing ‘a must’ in the new year" »
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