Research carried out by YouGov, on behalf of Thomas Charles, found that a fifth of the population has over £10,000 of unsecured debt. James Falla, director of Thomas Charles, commented on the survey: “Compared to even just a few years…
Continue reading the "Debt Survey shows “enormous uptake of unsecured debt”" »
According to the research for the Morgan Stanley Card Index, 55 per cent of all card purchases are for groceries, petrol and home items. Patrick Muir, marketing director of the Morgan Stanley Credit Card, said: “Credit cards have changed enormously…
Continue reading the "Plastic prevails for everyday purchases" »
Results from engage Mutual Assurance’s survey on the subject say that 89 per cent of the UK’s families are not prepared to financially support retiring parents, with over a third expecting the state to do so. “With older relatives living…
Continue reading the "Elderly having to fend for themselves" »
Bankruptcy stays on credit records for at least six years and can severely curtail credit and the ability to get a house, which is why those in debt should do what they can to evade it. “You could have had…
Moira Haynes of the Citizens Advice Bureau (CAB) describes the credit market as “complex”, which can lead to people getting into debt through a lack of understanding. “It can be difficult to understand the exact details of what they [borrowers]…
April’s total loan value rose by £5,278 million, compared to £5,087 million in March and £4,442 million in April 2005. “Overall, the trends in consumer lending appear stable,” said David Dooks, BBA director of statistics. “After March’s stronger figures, mortgage…
Continue reading the "Level of consumer lending looking stable" »
Robin Amlot, senior editor of AWD Moneyextra, the financial service information website, has hit out at the fact that not only are the interest rates high, the people pushing the card are often clueless about the product they are offering.…
Continue reading the "Store Card pushers criticised for not knowing products" »
Barrow In Furness residents are now in average debt to the tune of £19,275, up from £13,647 a year ago. Debt advisors, ClearDebt, claimed that these figures were low for the north-west region. “Our database of more than 15,000 over-indebted…
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.
