Archive for February, 2007

TweetShareAccording to analysts at Citigroup, lenders will be forced to write off a total of £6.6 billion for last year, with the figure rising to £7.2 million in 2007, the Times reports. And because the amount is caused by credit card debt or unsecured loans, banks do not have an “easy claim” on these debts [...]

TweetShareAccording to data from the British Bankers’ Association (BBA), new credit card debt in the UK decreased by £496 million, against a rise in mortgage borrowing which totalled £16.6 billion. While this was a 15 per cent increase in mortgage borrowing from January 2006, it is “well down” on that of December 2006, maintained the [...]

TweetShareOver a third of respondents to a survey of people seeking debt advice revealed that they blamed money problems for ruining a relationship with a former partner, while ten per cent said they divorced or separated for similar reasons. And in the work place too debt worries appear to be having a profound effect, with [...]

TweetShareMrs Robinson was responding to uSwitches’ own research which reveals that there are over 750,000 female Brits who spend half of their borrowed cash on fashion purchases in search of a retail thrill. And with their levels of credit card debt mounting, many British women are paying the price for their love of shopping, uSwitch [...]