This was nine per cent more than in October and 19 per cent more than last November, when loans only totalled £27.7 billion. CML director general Michael Coogan said: “Not only is today’s lending figure the highest ever, our recently…
Neil Munroe, external affairs director of credit rating firm Equifax, said that UK debt stands at £1.2 trillion and consumers spending, with a buy now pay later mentality, added to this growing problem. A sign of this is that a…
Continue reading the "Consumer debt ‘a big issue’ in 2006" »
Alliance & Leicester states that such use can create an excess £1,500 of credit card debt, yet nearly a quarter of shoppers have used store cards for purchases. “Christmas costs can really add up and some of the offers pushed…
According to Barclays, this is £230 million more than the next busiest day, December 22nd, adding that £1.5 billion of Saturday’s bills will go towards credit card debt. In addition, December will see over £15.5 billion withdrawn from cash machines…
Continue reading the "£2.3bn to be spent on last-minute shopping" »
Skipton Building Society claims that for people making the purchases on plastic, the fact that interest on the credit card debt can cost more than the original purchase is a “ridiculous situation”. John Goodfellow, chief executive of the building society,…
Continue reading the "4m still paying off last Christmas debt" »
According to Footfall, which counts people going into shops, there was an 8.9 per cent decline in high street shoppers when compared to the same period last year, with Thomas Cook reporting a 13 per cent decline in winter holiday…
According to the firm, over a fifth of lenders do not charge early redemption fees, meaning that consumers clear debt early will not pay a penalty for doing while saving on interest repayments. Sean Gardner, chief executive of MoneyExpert.com, said:…
That is according to moneysupermarket.com, which claims that through management and transfers of credit card debt, loans, insurance, utility bills and other products, consumers can put on pounds in the new year. Stuart Glendinning, managing director of the website, said:…
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.
