According to insurer Cornhill Direct, a fifth of people carry debt to March, while a tenth are still in debt by the next Christmas. “The huge cost of presents, food, drinks and parties means that an 18-year-old who lives to…
Continue reading the "The debt nightmare before Christmas" »
Half of all grandparents have helped with the costs of bringing up grandchildren, with a fifth of these costs attributed to debt repayment. Karl Elliott, a spokesman for the mutual assurance firm, said: “With money issues becoming an increasing concern…
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In the F&C Asset Management survey, a further 17 per cent of parents and grandparents expect to have to fund their Christmas spending through loans or credit card debt. “There is an undercurrent of cynicism towards Christmas with 16.5 per…
Continue reading the "Christmas means big credit card debt for 14% families" »
It found that that between the first three months of 2006 and April to June 2006, average pensioner household income rose by just 0.6 per cent, while “essential expenditure” rose by 3.8 per cent – over six times as fast.…
Continue reading the "Pensioners’ incomes ‘being squeezed’" »
According to David Kuo, head of personal finance at Motley Fool, many people are only taking on extra debt to fund such frivolities as smoking and drinking, yet risk being overcharged for such loans in the process. “What we really…
The Interactive Media in Retail Group (IMRG) claims that online shopping meant that there are even more opportunities for poor debt management, with Christmas 2006 internet spending already beating last year’s one-day record of £131 million. “Shoppers spent £5 billion…
Continue reading the "Online Christmas debt ‘£180m in one day’" »
According to MoneyExpert.com, an eighth of credit card users still have debts from last year, with the average time to clear Christmas credit card debt being put at 2.6 months. Sean Gardner, chief executive of MoneyExpert.com, said: “Christmas is a…
Continue reading the "4.2m still paying for last year’s Christmas" »
However, the average smoker thinks they will only save less than £1,000 a year by quitting – £500 less than official figures. “The six million smokers in England who are planning to kick the habit next year are set to…
Continue reading the "Quitting smoking ‘can be part of debt management’" »
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