Archive for April, 2008

Demand for debt ‘being constrained’

by on April 24th, 2008

TweetShareDemand for debt among UK consumers is being constrained by the range of pressures on personal finances, it has been suggested. According to the latest assessment from the British Bankers’ Association (BBA), fewer people are applying to their high street lenders for unsecured loans and credit card debt. In addition, lenders have become more reluctant [...]

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

Broadband users ‘being stung’

by on April 23rd, 2008

TweetShareBroadband users across the UK are being stung by extra charges from their internet service providers, according to a new report. A study by Moneysupermarket.com has suggested that almost one in four Britons with a broadband connection admit to only skim-reading their contract, which often has unforeseen and expensive consequences. Millions of UK consumers are [...]

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Don’t hide your debt problems, says expert

by on April 23rd, 2008

TweetShareConsumers with debt management problems have been urged not to hide these difficulties from their money lenders. In the long run, it is always better to be upfront with creditors about the state of your finance, particularly mortgage lenders, according to David Kuo from Fool.co.uk. Mr Kuo maintains that in many cases borrowers are inclined [...]

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Wrong bills ‘adding to debt woes’

by on April 23rd, 2008

TweetShareThousands of British families have seen their debt management problems worsen as a result of being issued with the wrong bill by their service providers, it has been suggested. Over the course of the past 12 months, almost a third of all Britons have spotted a mistake on a bill they have received but many [...]

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Energy debts hit 6.8m Brits

by on April 23rd, 2008

TweetShareAs many as 6.8 million British consumers are believed to be in debt to their utility supplier, it has been revealed. Figures compiled by uSwitch.com have shown that the average amount owed to energy firms is around £114 and the scale of the related debt management problems are expected to increase. The industry watchdog Ofgem [...]

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Keep your guard up, borrowers warned

by on April 23rd, 2008

TweetShareBorrowers in the UK have been warned to keep their guard up in terms of how they manage their finances, it has emerged. David Kuo from Fool.co.uk has suggested that credit consumers need to remain vigilant to avoid paying higher rates of interest on any money they borrow despite the Bank of England’s efforts aimed [...]

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