Archive for February, 2007

Attitudes towards debt ‘careless and reckless’

by on February 2nd, 2007

TweetShareThe FSA told the Daily Mail that people’s “live for today” approach is having a negative effect on their personal finances, which could prove disastrous if the UK economy takes a downturn. According to the watchdog, a million adults are now falling behind with their bills and credit card payments on a regular basis, while [...]

Posted in IVAs | No Comments »

UK works 31 days ‘to clear interest’

by on February 2nd, 2007

TweetShareAccording to financial advice website Unbiased, the UK has to work the whole month of January to earn enough just to service the interest on its personal debts. Research shows that in order to clear the average interest amount of £2,012, it would take someone earning the UK average of £23,556, 31 days to pay [...]

Posted in Personal Debt | No Comments »

Stretched householders ‘at risk of repossession’

by on February 1st, 2007

TweetShareThe charity has said it is concerned about the number households that are struggling to pay their mortgage, putting them at risk of property repossession. National debt policy officer Peter Tutton said that housing debt is one of the fastest growing issues of concern for the charity. “Our debt enquiry figures suggest that these are [...]

Posted in Houses and Mortgages | No Comments »

Repossessions accelerated last year, says CML

by on February 1st, 2007

TweetShareThe research shows that the number of repossessions rose from 8,140 in the first half of 2006 to 8,860 in the second half. Totalling 17,000 in the year as a whole, repossessions were 65 per cent higher in 2006 than in 2005. According to the CML, London has seen the largest rise in the number [...]

Posted in Houses and Mortgages | No Comments »

More debts for Brits as credit card bills are missed

by on February 1st, 2007

TweetShareAccording to MoneyExpert, 332,000 credit card bills are likely to remain unpaid in January, despite the fact that the average charge for a missed credit card bill is £12. Research also shows that ten per cent of Brits admit to having missed a credit card payment during the last twelve months, which means that the [...]

Posted in Personal Debt | No Comments »

Credit card decline ‘may not be the full story’

by on February 1st, 2007

TweetShareAccording to CardGuide, borrowers are still spending large amounts of money but are taking out personal loans or overdrafts rather than relying on credit cards. Furthermore, some people have only reduced credit card spending so that they can divert their finances to pay off rising mortgage payments. Citizens Advice recently said that although British Bankers’ [...]

Posted in Personal Debt | No Comments »

Page 13 of 13« First...910111213