Archive for July, 2007

Cheap lending ‘set to end’

by on July 3rd, 2007

TweetShareAnd Ms Pfiefer maintains that homeowners in particular will see their debt management problems increase over the course of the next few months as the Bank of England aims to limit inflation though rises in the base rate of interest. Consumers across the country are already struggling to clear debt and avoid bankruptcy, but Ms [...]

Posted in Debt Management | No Comments »

Millions of Brits ‘can’t afford to pay bills’

by on July 3rd, 2007

TweetShareFigures from MoneyExpert show that each month in the UK there are around 1.23 million household bills going unpaid and that during the last half-year over 7.4 million payment demands have been ignored nationwide. Council tax demands and mobile phone tariffs, as well as a range of utility bills, are increasingly going unpaid, reports the [...]

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Bank of England: Brits borrowed more in May

by on July 1st, 2007

TweetShareAccording to a Bank of England statistical release, total net-lending increased in May to £9.5 billion, higher than that of April 2007. The report also showed that the number of loans approved for house purchase increased to 114,000 while those for remortgaging rose to 111,000 compared to April. It was recently reported by Moneyextra that [...]

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Students urged to avoid debt by CCCS

by on July 1st, 2007

TweetShareStudent loans from official companies are cited as the best option for academics, while those looking for additional fiscal help are advised to do their research in order to avoid taking on loans which could lead to more debt. Furthermore, the CCCS advises students to budget and take out insurance cover through parents where necessary [...]

Posted in Debt and Young People | No Comments »

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