Birmingham Midshires claims that the average amount is £7,548 in liquid savings, enough for 167 days, as the bank continues to urge people to save more. Jason Robinson, director of savings operations for Birmingham Midshires, said: “For a long time…
Northern Ireland Assembly member John Dallat blamed the “grossly inflated fines” of late payment for pushing people into debt which could result in bankruptcy. “Credit card debts are now the major reason why a record number of people are facing…
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Nearly half of respondents in the Unisys survey thought that mortgages require a ten per cent deposit and that they can only borrow three times their salary, but this is not exclusively the case. “These figures suggest that there may…
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Coleen McLoughlin, fiancee of England player Wayne Rooney, told girls to “get a grip” with debt and spending before it gets too much. “Don’t try to shop and party like a footballer’s wife,” said the 20-year-old in the Mirror. “I…
British Banker’s Association (BBA) figures show that net loans on credit cards fell by £0.3 billion, which adds to the £0.1 billion fall experienced in June. Commenting on the figures, David Dooks, BBA director of statistics, said: “Unsecured lending is…
Of the 20 towns with the worst record for CCJs over the past year, eight are in the Midlands according to the Callcredit survey which showed how debt is affecting different parts of the country. Yet while some areas escaped…
R3, the Association of Business Recovery Professionals, has stated that it will give support to schools offering ifs School of Finance qualifications by discussing the “perils of debt”. Tony Supperstone, R3 president commented: “Personal debt in the UK is increasing…
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