Archive for May, 2008

TweetShareMany Britons are taking on extra credit card debt on Saturdays, with new research suggesting consumers typically spend more than £549,000 on these days during their life. According to the Co-operative Bank, Saturdays see the average British adult spend £175 on food, drink, entertainment, travelling and clothes, with many taking on extra credit card debt [...]

TweetSharePeople who rely on payday loans on a regular basis could have a more serious debt problem, according to an industry commentator. Beccy Boden Wilks, spokesperson for National Debtline, warned that taking on such debt could be “symptomatic of a serious underlying debt problem”. She explained that relying on such short-term, high-interest loans could mean [...]

TweetShareMany Brits are feeling the burden of large debts hanging over them, according to a debt expert. A combination of the credit crunch, increasing fuel and utility bill costs and spiralling food prices are all taking their toll on the British consumer, says Andrew Hagger of Moneynet.co.uk. He adds that lenders are likely to remain [...]