TweetShareAccording to moneyfacts.co.uk, users who repay their credit card debt can gain some benefits, yet others are paying interest. “As the problem of indebtedness in the UK worsens, every day we either see advertisements in the press for the ‘best deals’, or have our doormats littered with ‘tempting deals’, with every company seeming to boast [...]
Archive for October, 2006
Credit card users told to ‘be savvy’
by News Team on October 31st, 2006
7m kept off property ladder by debt
by News Team on October 31st, 2006
TweetShareAbbey has found that affordability and a lack of savings are holding back home-ownership, showing that many would benefit from advice on becoming debt free to get a house. “There are people who feel that they do not want to get on the property ladder, but those who do face many barriers, of which the [...]
Savings down in build up to Christmas
by News Team on October 31st, 2006
TweetShareAccording to Birmingham Midshires, savings levels have dropped by a fifth in the past three months, meaning that many Britons may need to start formulating a Yuletide debt management plan now. Jason Robinson, director of savings operations for Birmingham Midshires, said: “Looking at current levels of savings, it would appear that many Brits may have [...]
Debt keeping people in the cold
by News Team on October 31st, 2006
TweetShareAccording to moneysupermarket.com, up to 76 per cent of Britons now include putting on a jumper rather than turning up the heat as part of their debt management plan due to costs. “It is clear that people are worried about their energy bills, particularly in light of the utilities companies putting prices up so frequently [...]
Man jailed for debt
by News Team on October 30th, 2006
TweetShareHernel Burgher, 45, was sentenced to 40 days imprisonment by Nottingham magistrates for accumulating four years’ worth of council tax debt worth £2,742. Councillor Michael Edwards, deputy leader of the city council, warned in the BBC that the council would take strict action against non-payment of debt, as would any other authority: “We will take [...]
Parents need financial help
by News Team on October 30th, 2006
TweetShareIn the Family Investments report, 39 per cent of parents said that they did not understand or were unsure of the difference between child trust funds (CTFs), which could cost them and their offspring dearly. “Parents see cash as a safe, understandable option, but do they really know what they’re getting?” said the friendly society. [...]
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