According to Sainsbury’s Bank, Britons spend £9.14 billion in the last week before Christmas but not everyone clears their credit card debt in January, adding to financial woes throughout 2007. “Credit cards can be a safe and convenient way to…
Continue reading the "Last minute Christmas shopping £9bn credit card debt warning" »
According to mform.co.uk, debt management is a problem for many due to the amount of mortgage repayments they make. Eamonn Rice, chief executive of the website, said: “Rising property prices means that homebuyers have to take out larger mortgages coupled…
Continue reading the "1.12m spend half of income on mortgage" »
This is largely due to the fact that, unlike those who own their home, people who rent do not have property to fall back on as collateral for secured debt. However, the bank’s poll found that most people are complacent…
The party added that personal debt was a major social problem and that official figures only showed the “tip of the iceberg” of Britain’s financial problems. According to the Social Justice Policy Group report, Breakdown Britain, a perceived lack of…
According to moneysupermarket.com, Britons with a credit card debt could be still making repayments on Christmas spending until July 2017 if they only pay the minimum each month. Robert Kenley, head of credit cards at the website, urged good debt…
Continue reading the "Decade-long Christmas debt epiphany" »
According to the Abbey report, only 31 per cent of people claim they never run out of money each month, while 54 per cent adopt a monthly debt management plan to ensure they never get strapped for cash. In addition,…
Continue reading the "69% Britons run out of money by end of month" »
As part of a BBC investigation into bank fees, the experts gave the figure after banks refused to detail their costs, despite charging customers up to £39 for going overdrawn. It is already bad enough to enter into an overdraft,…
Continue reading the "£4.50 ‘all banks can justify in fees’" »
In the Compass think-tank report, children were being “engulfed” by corporate images, with some firms even setting up websites to encourage children to pester their parents to buy goods for them. The UK’s “child-oriented market” has grown to £30billion, Compass…
Continue reading the "Spending and debt ‘killing childhood’" »
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