TweetShareThe Nationwide Building Society has called on credit card service providers to make clear to their customers how their order of payment systems operate. In around a year’s time these service providers will be obliged by law to be more transparent with regards to credit card order of payments, but the building society suggests that [...]
Archive for October, 2007
Calls for clarity over credit card payments
by News Team on October 31st, 2007
CML forecasts rises in repossessions
by News Team on October 31st, 2007
TweetShareA range of factors will contribute to seeing repossession rates in the UK rise considerably over the course of next year, according to the Council of Mortgage Lenders (CML). The council expects to see debt management become increasingly difficult for many homeowners around the country and forecasts that there will be 50 per cent more [...]
One in five Brits ‘still paying for last Christmas’
by News Team on October 31st, 2007
TweetShareAs many as one in five British consumers are still paying off credit bills associated with money borrowed last Christmas, according to recent research. Figures compiled on behalf of the money saving website Savebuckets.com show that more than 40 per cent of people went into the red in order to fund their festive activities last [...]
UK’s debt burden ‘will continue to weigh heavy’
by News Team on October 31st, 2007
TweetShareThe burden of debt management in the UK will continue to weigh heavy and impact consumer spending in the long-term, according to one expert. Howard Archer, chief UK and European economist at Global Insight, is convinced that spiralling debt problems and higher interest rates will mean household finances will continue to feel the pressure over [...]
Mums urged to make financial plans
by News Team on October 30th, 2007
TweetShareMothers around the country can help ensure that they avoid serious debt management problems by drawing up a financial plan, according to the Egg banking firm. The assertions from Egg come after the company found that new mums in the UK spend a collective total of close to £6 billion each year on items for [...]
Young Brits ‘facing financial woes’
by News Team on October 30th, 2007
TweetShareMany of the UK’s young people are facing serious financial difficulties as they begin their adult life, according to recent research. Figures compiled by the Children’s Mutual show that graduates face an average of around £12,000 worth of debt when they leave university and many of these people hold out little hope of ever becoming [...]
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