According to MoneyExpert, people looking to transfer their debt with a BT to take advantage of zero per cent interest offers could be paying as much as £300 for the deal. “Playing your cards right is becoming more and more…
Sir James Perowne, chairman of the Consumer Council for Water Midlands, said that this sum is a 6.5 per cent increase in debt more than 12 months old compared to last year. “This news is not surprising, particularly as household…
Vincent Cable, the Liberal Democrats’ financial spokesman, said that while banks may have been lending to the wrong people, the government had a role to play in sorting out problems. “The government’s response to the debt crisis is to snipe…
Continue reading the "Government urged to lead on tackling debt" »
The Debt Counsellors claims in its new study that UK debt stands at £1.25 trillion and a sudden drop in income, such as the loss of overtime or ill health, is a major cause of this problem. John Porter, a…
Continue reading the "Debt growing at £15 million per hour" »
Policy Exchange claims that twentysomethings are suffering from student debt, rising house prices, a pensions crisis and soaring house prices. “The pensions crisis, the housing boom and the cycle of inflation and disinflation have shifted power and wealth to the…
Continue reading the "Debt ahead for ‘Thatcher’s children’" »
According to Datamonitor, consumers had a total credit card debt of £470 billion last year and this will reach £639 billion by 2010. “Consumers continue to grow more comfortable using cards for both day-to-day transacting and borrowing,” said Kieran Hines,…
According to the report in the Financial Times, the FSA is to pay “special attention” to banks and brokers lending to sub-prime borrowers. Nigel Terrington, chief executive of Paragon Mortgages, explained to the FT that “investment banks and investors are…
In a move that has been welcomed by the industry, the FSA initiative should ensure that consumers end up with better information and care to help keep them out of debt. “Anything that makes things clearer for the customer and…
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.
