Archive for October, 2006

Net loans up in August

by on October 2nd, 2006

TweetSharePersonal loans and credit card debt grew compared to July by £1.1 billion, a twenty per cent increase on monthly growth. Mortgages for new homes stood at 119,000, lower than July’s figures, but the amount of people seeking to remortgage their home, which is often taken as an alternative to a loan, remained the same. [...]

Debt warning for FTBs

by on October 2nd, 2006

TweetShareAlliance & Leicester’s latest report has revealed that the average FTB has £5,860 of debt and the building society has warned that it is sensible to clear this first before committing to a mortgage. “Our research reveals that while many first time buyers are diligently saving for their deposit, some are not being as financially [...]

Debt driving students away from drink

by on October 2nd, 2006

TweetShareRather than going on protest marches or lounging in the union or common room, 86 per cent of students in the LloydsTSB survey said that they would rather clear debt and get a good degree. Marcus Banks from Lloyds TSB student banking said: “Students of the noughties don’t really bear much resemblance to students of [...]

Savers paying for unused services

by on October 1st, 2006

TweetShareAccording to consumer finance website uSwitch.com, 11 per cent of account holders pay a total of £530 million in fees, but a quarter of holders ignore the perks they are paying for. More worrying still, the website claims that banks could be automatically upgrading people to these charging accounts, with 1.3 million believing this is [...]

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