Archive for October, 2007

Millions of Brits ‘lie about their debts’

by on October 20th, 2007

TweetShareMillions of British credit consumers are dishonest about their debt management problems, according to a recent study. Figures compiled by Fool.co.uk demonstrate that as many as one in six people around the country has at some point lied about the state of their finances. In addition, the research from the financial comparison firm found that [...]

Posted in Debt Management, Debt and Young People, Personal Debt | No Comments »

Debt transference is “risky business”

by on October 19th, 2007

TweetShareTransferring debts to stave off financial disaster can be a “risky business”, according to Rob Kenley, head of credit cards at online comparison website moneysupermarket.com. However good a person’s credit card deal might be, using money borrowed in this way to pay off mortgage arrears or any other form of debt is very unlikely bring [...]

Posted in Creditor Behaviour, Debt Management, Houses and Mortgages, Personal Debt | No Comments »

Demand for loans ‘will keep rising’

by on October 19th, 2007

TweetShareDemand for secured borrowing deals is likely to keep rising in the UK, according to the market analyst firm Datamonitor. Despite the spiralling debt management problems faced by millions of British consumers and the so-called credit crunch of recent months, people are expected to continue wanting access to personal loan arrangements. According to Datamonitor experts, [...]

Posted in Creditor Behaviour, Personal Debt | No Comments »

Debts ‘mounts up’ for young travellers

by on October 19th, 2007

TweetShareYoung British travellers often find themselves with a debt management headache to deal with when they head back to the UK, it has been suggested. Tom Griffiths, founder of gapyear.com, explains that people taking time out between school and university to go traveling the world tend to accumulate large amounts of debt because of an [...]

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Borrowing cost hikes ‘starting to bite’

by on October 19th, 2007

TweetShareIncreases in the cost of borrowing are starting to have a real impact on the activities of consumers across the UK, recent research has suggested. With millions of British consumers struggling to become debt free, the amounts being lent by mortgage providers have fallen considerably after five rises in the cost of borrowing since August [...]

Posted in Creditor Behaviour, Debt Management, Personal Debt | No Comments »

British sun-seekers leave debts behind

by on October 19th, 2007

TweetShareMany thousands of British consumers are leaving their debt management troubles behind and jetting off on holiday without having paid for their previous trips, it has emerged. Figures from Alliance & Leicester show that millions of people across the country are fuelling their holiday expenditure by borrowing heavily and taking months to pay off the [...]

Posted in Debt Management, Personal Debt | No Comments »

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