TweetShareCredit card companies are likely to steadily increase their interest rates over the course of next year, one expert has asserted. Samantha Owens from Moneyfacts is convinced that borrowers will be faced with increased costs and the potential for further debt management difficulties in 2008. Introductory offers are likely to be made available, but in [...]
Archive for December, 2007
Credit card rates ‘will go up’
by News Team on December 30th, 2007
Billions of pounds ‘set to be switched’
by News Team on December 29th, 2007
TweetShareBillions of pounds worth of credit card debtlooks set to be switched from one provider to another in the early weeks of 2008, according to a recent study. Research by Abbey found that around three million British consumers, who collectively account for close to £9 billion in credit card debt, plan to switch their service [...]
Indebted Brits urged to consolidate
by News Team on December 28th, 2007
TweetShareBritish consumers who have accumulated significant amounts of debt over the festive season have been urged to consider ways to consolidate their arrears. Alliance & Leicester suggests that by securing a low-cost debt consolidation loan, some of the UK’s millions of indebted consumers could avoid ongoing debt management agony. The financial services firm maintains that [...]
UK consumers plan ‘modest new year’
by News Team on December 28th, 2007
TweetShareHeavy expenditure over Christmas has prompted many people across the UK to plan a modest new year celebration, according to recent research. A study by Fool.co.uk found that the average amount that a British consumer plans to spend on new year’s eve is around £30.50, which is described by the financial comparison firm as “relatively [...]
Brits ‘pay price for bad advice’
by News Team on December 24th, 2007
TweetShareMillions of people from across the UK have suffered financial damage as a result of heeding the advice of their friends and family, it has been revealed. Close to a fifth of all adult consumers have made what proved to be unwise financial decisions on the basis of informal advice, which in many cases led [...]
Debt set to fuel Christmas Eve spending
by News Team on December 24th, 2007
TweetShareCredit card debt looks likely to fuel much of the spending on British high streets in the final hours before Christmas, according to recent research. Figures compiled by Sainsbury’s Bank show that around £380.9 million worth of credit card debt will be accumulated by UK consumers on Christmas Eve alone. Around 19 million people are [...]
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