Archive for the ‘Uncategorized’ Category

TweetShareThe Consumer Credit Counselling Service (CCCS) has issued advice to consumers who might be heading to the January sales following a heavy Christmas spend. It says that there are certain warning signs people should watch out for, which might indicate that they are entering debt. James Ketchell, spokesperson for the CCCS, says that people should [...]

TweetShareWhich?, the consumer watchdog, recently released advice to borrowers on ways that consumers can make the right decisions when borrowing money. The guidance comes as shoppers head out to the January sales, having already possibly spent a lot during the Christmas season. James, Ketchell, spokesperson for the Consumer Credit Counselling Service (CCCS), warns shoppers to [...]

TweetShareAccording to James Ketchell, spokesperson for the Consumer Credit Counselling Service (CCCS), the fact that in-house figures which show credit card borrowing to have fallen since August is a good sign. “We have seen since August last year that overall credit card borrowing has actually dropped, so we are seeing a more responsible consumer emerging,” [...]

TweetShareThis warning from Moira Haynes, spokesperson for Citizens Advice, comes as consumers make a decision about how much money to spend in the January sales and whether they need to take out credit. Ms Haynes remarked that lenders ought to think twice about offering unsolicited credit to potentially vulnerable people and should also make sure [...]

TweetShareAccording to Which?, a cheap way of borrowing money is to take out an unsecured personal loan, as they often have some of the lowest interest rates on the personal credit market. As well as being a good source of finance over a long period, unsecured loans have the additional benefit of not being borrowed [...]

TweetShareAccording to the Bank of England (BoE), lending to individuals in November grew by £1 billion, slightly down on October’s increase of £1.1 billion. Net credit card lending rose by £0.2 billion in November, while other loans and advances grew by £0.9 billion. This follows figures from the British Bankers’ Association (BBA) that found underlying [...]