A spokesperson for Which? welcomed the board’s decision and stated that such promotions were ridiculous and irresponsible, as credit card cheques have high rates of interest that could push people into debt. Hitting out at such offers, the spokesperson said:…
Continue reading the "‘Irresponsible’ credit card cheques chastised" »
A spokesperson for Which? said that it was worried that adverts encouraged irresponsible spending among consumers, pushing them into debt. Commenting on Capital One being reprimanded by the Banking Code Standards Board for sending one million customers credit card cheques…
Vince Cable, economics spokesman for the Liberal Democrats, said that with debt standing at record levels and unemployment rising, the increase from 4.75 per cent will be a “catastrophe” for many families. “People are now facing a three pronged attack…
Continue reading the "Rate rise ‘part of three pronged attack’" »
Karen Barrett of unbiased.co.uk commented on findings that 76 per cent of parents who lent money to children to buy homes do not expect to see it repaid. “Even though our research shows parents are willing to help their children…
Continue reading the "Parents ‘need advice before large financial commitments’" »
Helen Ainsworth, a Which? spokeswoman, said that it is simple to obtain such an interst-free deal but if people are not aware of the conditions, they could soon fall deep into debt or even get a County Court Judgment (CCJ).…
A Consumer Credit Counselling Service spokeswoman urged consumers to start their debt management plan now in order to have a prosperous new year. “People tend to stick their head in the sand when it comes to Christmas spending and worry…
Trevor Matthews, chief executive of Standard Life Assurance, added that 44 per cent of Britons cannot or will not save, due to such financial burdens bills and spiralling debt. “The savings gap in the UK is of great concern. Low…
According to the Debt Counsellors, 91 per cent of people seeking debt advice do so due to credit card debt levels. John Porter of the debt advice firm said: “Credit card debt is obviously one of the major factors of…
Continue reading the "Credit card debt ‘source of most problems’" »
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