According to Lloyds TSB Corporate Markets, 80 per cent of British consumers expect interest rates to be higher this time next year than they are currently, meaning that people should start saving now. Consumers also felt that prices had risen…
Continue reading the "Start saving now for new year rate hike" »
Brian Capon, spokesman for the BBA, said that people tend to take out loans during the Christmas season, or add to their credit card debt. “People do tend to perhaps borrow more over the Christmas period and use credit cards.…
Continue reading the "BBA: Debts will be carried into new year" »
The Office of Fair Trading (OFT) said that a business called Paid Surveys is sending out bogus cheques for £350 for people to engage in consumer research – with the first assignment being to ‘test’ a money transfer agency. With…
Alliance & Leicester claims that over 14 million adults – over half of all workers – would struggle with debt management without a job, as a fifth say they have no insurance or savings to protect them. Lindsey Henson, manager…
According to a spokesman for the association, late shopping can mean that people spend more than they plan to, fuelling debt problems. Brian Capon said: “You tend to find that men, in particular, tend to go out last-minute to do…
Continue reading the "Early shopping ‘is good debt management’" »
Saying that for many this is season is “Stressmas”, Dr John Sentamu quoted figures from Credit Action which indicate that UK spending will reach £51.6 billion over Christmas, with debit and credit card debt as much as £31.8 billion. “Little…
Continue reading the "Archbishop warns over Christmas debt" »
According to moneyexpert.com, the average amount transferred in a credit card debt transfer is £763.99 as consumers seek to take advantage of offers. However, 1.4 million people have transferred a total of £5,000 or more, with some paying as much…
In addition, the Bupa survey found that half of those polled worried about spending all their savings on care, with 42 per cent claiming that they would rather pay for care than be a burden on their family. Only a…
Continue reading the "Britons ‘burying head in sand’ over future care" »
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