Archive for the ‘Uncategorized’ Category

TweetShareWith a ten per cent rise in the amount of credit card transfers being sought in July compared to June, the Debt Counsellors organisation is urging people to pay off their credit card bills. “There is a ‘want now, pay later’ culture in the UK and a lot of people overspend on their plastic and [...]

TweetShareNick White from the website urged other lenders to follow Natwest’s and the Royal Bank of Scotland’s example and stop the sending out of cheques. “Credit card cheques have long been regarded as one of the key contributors to bad debt,” said Mr White. “It’s good news to see that one of the largest credit [...]

TweetShareAverage balance transfers now stand at £2,933, Moneyextra.com claims, a staggering 10.6 per cent rise in debt on the month before. “Outstanding credit card balances have risen by almost 20 per cent since April and they’re set to rise further – with holiday costs, back to school costs and year-end festive spending to come,” said [...]

TweetShareAnnual Percentage Rates (APRs), interest rates, the length of the interest-free period, the minimum repayment and other debt charges are to be included in a bid to improve the credit industry’s reputation. “The launch of the credit card cheque summary box is another step forward – helping customers to easily understand and compare costs of [...]

TweetShareThe increase in total net lending to individuals was £10.9 billion, with loans secured on homes accounting for £9.8 billion of this. Even though Britons are still struggling with debt, the figures reveal that the demand for loans and credit is continuing. Increases in the amount people are borrowing on credit cards could be a [...]

TweetShareIn its survey, Citizens Advice Cymru found that 57 per cent of Welsh residents lacked a monthly budget and this is likely to be mirrored throughout the UK. “The experience of Citizens Advice Cymru shows that a general lack of understanding, skills and confidence when it comes to managing money and making financial decisions has [...]