TweetShareAs debt management problems spiral out of control for an increasing number of UK consumers, a new report has forecast that the number of Britons being refused credit will rise in years to come. Research by Datamonitor estimated that around seven million Britons were systematically refused credit during 2006 and this figure is now expected [...]
Archive for August, 2007
‘More Brits will be refused credit’
by News Team on August 22nd, 2007
Business up for Britain’s debt collectors
by News Team on August 21st, 2007
TweetShareDebt collection companies in the UK took on three-times more debt last year than was the case six years ago, according to reports. Figures from the Credit Services Association (CSA) show that around £21 billion worth of debt has been passed to collectors over the past 12 months and this equates to around 20 million [...]
Young homeowners face mounting days, says CCCS
by News Team on August 21st, 2007
TweetShareThe Consumer Credit Counselling Service (CCCS) has suggested that young British homeowners are facing serious debt management difficulties as they attempt to maintain control of their finances. Figures from the charity organisation show that debt levels among British consumers aged under 25 are around two-thirds higher for those who have taken on a mortgage, compared [...]
Students urged to avoid financial pitfalls
by News Team on August 21st, 2007
TweetShareWith thousands of young Britons preparing to start university life, students have been warned that they should take steps to ensure their debt management problems do not spiral out of control. Financial comparison firm MoneyExpert.com reports that that the average charge levied by banks against students exceeding their overdraft limit stands at £32.75 and suggests [...]
Young Brits ‘unaware of mounting debts’
by News Team on August 21st, 2007
TweetShareThousands of young British consumers are unaware of how much debt they have accumulated, according to the latest figures from Unbiased.co.uk. Research by the financial services firm shows that around 41 per cent of UK consumers aged between 18 and 24 cannot say to within £500 how much money they owe. This makes young consumers [...]
Technical support ‘costs consumers millions’
by News Team on August 20th, 2007
TweetShareCalls made to broadband internet technical support helplines are costing British consumers millions of pounds each year, according to recent research. Figures compiled by uSwitch.com suggest that these phonelines now account for £31 million spent by UK consumers each year and could be adding to many people’s debt management difficulties. Problems with broadband services often [...]
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