TweetShareThe overall amount of personal debt accounted for by UK consumers rose by around ten per cent during the 12 months to the end of September 2007, according to the latest data from Credit Action. Close to £1,380 billion is now owed by British consumers and this debt management burden is increasing by around £1 [...]
Archive for November, 2007
Britain’s debt level up 10% in a year
by News Team on November 2nd, 2007
Teenagers ‘face indebted future’
by News Team on November 2nd, 2007
TweetShareMillions of teenagers from across the UK could be facing a future in which they will be struggling to become debt free, according to recent research. Figures compiled by the Nationwide Building Society show that around a third of British teenagers accept that most people are dealing with debt management issues. Moreover, one in five [...]
Borrowers ‘hide their debts to gain credit’
by News Team on November 2nd, 2007
TweetShareBorrowers around the UK deliberately conceal the amounts of money they owe in order to gain more credit, it has been claimed. Roger Miller, a senior partner at the Curtis Solicitors firm, told the Plymouth Herald recently that lenders are often deceived by consumers who are willing to lie in order to borrow more money. [...]
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