Archive for November, 2007

Brits set to spend despite being ‘less well off’

by on November 21st, 2007

TweetShareHousehold finances are being squeezed across the UK, but retailers are still expecting to see significant spending over the course of the next few weeks, according to one expert. Richard Dodd, head of media at the British Retail Consortium, suggests that UK consumers are “feeling less well off”, but he maintains that the desire to [...]

CCCS awaits another new year debt hangover

by on November 21st, 2007

TweetShareThe Consumer Credit Counselling Service (CCCS) is expecting to see many thousands of Britons seek out debt advice in the new year as a result of overspending during December. James Ketchell, a spokesperson for the CCCS, has made clear that January tends to be the busiest time of the year for its debt management advisors [...]

Farepak customers facing serious debt hangover

by on November 20th, 2007

TweetShareThousands of Farepak customers, who were left out of pocket when the Christmas savings group collapsed 12 months ago, are facing serious financial difficulties, it has been claimed. Research by Unison and Kings College London found that as many as 122,000 people have found themselves unable to become debt free after they lost money when [...]

Debt collectors ‘will want more money next year’

by on November 20th, 2007

TweetShareThe amount of money being chased by debt collectors in the UK looks set to increase considerably next year, according to the Credit Services Association (CSA). It is anticipated that British debt collectors will be aiming to retrieve between £23.9 billion and £24.3 billion before the end of next year and there is potential for [...]

Borrowers ‘being squeezed’

by on November 20th, 2007

TweetShareBorrowers across the UK are being squeezed as interest rates are increased by many of the most popular lenders, it has been claimed. Figures compiled by MoneyExpert.com show that the average borrowing rate on an unsecured loan of around £5,000 rose considerably in recent months and now stands at close to 9.5 per cent. According [...]

Third of Brits keep financial secrets

by on November 20th, 2007

TweetShareAs millions of people aim to become debt free, a new study has revealed that around a third of UK consumers keep financial secrets from their partners. Research carried out by the Carter Allen Private Bank found that more than a quarter of both men and women in the UK are dishonest about the costs [...]

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