Archive for August, 2006

Which? “concerned” by falling minimum repayments

by on August 1st, 2006

TweetShareThe organisation recognised that, for those who “know what they are doing”, only having to pay a small amount of the outstanding debt can be beneficial. But it added that in general the trend of minimum repayments falling from five per cent to two per cent over the last few years was a cause for [...]

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Parents must teach undergraduates about debt

by on August 1st, 2006

TweetShareAccording to Lloyds TSB, a student embarking on a three-year course can expect to face an average living cost of £16,146, while those in London are even worse off with an average standing at £20,358. Marcus Banks, of Lloyds TSB student banking, commented: “Students are expected to go from having no experience of managing their [...]

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Credit card users managing to clear debt

by on August 1st, 2006

TweetShareConcern over late payment charges and the possibility of an interest rate rise have prompted people to be more savvy about paying back their credit card debts, with levels dropping for the third month out of four. The total amount of money owed on plastic by the end of June was £245 million less than [...]

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Brits undeterred by debt

by on August 1st, 2006

TweetShareSome 76 per cent of people in the UK are not unduly worried about the impact of energy bills, taxes and a potential interest rate rise on their finances, up by one per cent from the first quarter of the year. According to CreditExpert’s new report, this is coupled with the fact that 13 per [...]

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