Archive for November, 2007

Warning issued over credit card spending

by on November 30th, 2007

TweetShareConsumers across the UK have been warned to plan carefully how much they will spend on their credit cards over Christmas. Samantha Owens, head of personal finance at Moneyfacts, suggests that shoppers who are not sensible about they spend over the festive season are likely to find themselves with a serious credit card debt burden [...]

Online shopping boom forecast

by on November 30th, 2007

TweetShareA major increase in the amount of money spent online has been forecast for next month by the UK’s payment association Apacs. The organisation is convinced that some £5 billion will be spent via the internet over the course of December 2007, which for many people will mean adding to their personal loan or credit [...]

Fall in mortgage lending ‘could see interest rates cut’

by on November 30th, 2007

TweetShareThe fall in the number of mortgage deals agreed in October could mean that the Bank of England will opt to reduce the base rate of interest next month, it has been suggested. Simon Rubinsohn, chief economist at the Royal Institute of Chartered Surveyors, is convinced that the latest mortgage lending data from the bank [...]

Tem million Brits facing up to debt woes

by on November 29th, 2007

TweetShareMore than ten million British credit consumers have admitted that their personal loan and credit card debts are nearly or actually unmanageable. Figures from uSwitch.com show that almost a quarter of all British adults are fearful of their financial future because of the extent of their debt management difficulties. During the past half-year around 5.4 [...]

Thousands of young Brits ‘focussing on finances’

by on November 29th, 2007

TweetShareMore than 10,000 young Britons are now getting to grips with a range of consumer finance issues by taking lessons in the growing academic field, it has been revealed. The ifs School of Finance has proudly announced that progress is being made in its efforts to encourage greater financially understanding among the UK’s teenagers through [...]

Homebuyers urged to assess “real” costs of mortgage deals

by on November 29th, 2007

TweetShareWould-be homebuyers and people looking to remortgage in the UK have been urged to assess all aspects of a home loan deal before committing to a particular arrangement. A recent study by Moneysupermarket.com concludes that almost three-quarters of all homeowners across the country base their mortgage deal decisions solely on interest rates and this could [...]

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