Archive for April, 2009

House prices ‘fall 0.4%’

by on April 30th, 2009

TweetShareAverage house values dropped by 0.4 per cent in April, new figures have shown, which may be unwelcome news for those facing the prospect of negative equity. Data from Nationwide revealed that the decline took the price of a typical house down to £151,861, a 15 per cent fall compared to a year ago. However, [...]

Brits opting for “no frills” goods to help with debt

by on April 30th, 2009

TweetShareMore Britons are buying “no frills” goods in order to help them with debt management in the wake of the economic downturn, it has been noted. A survey by Abbey Credit Cards has shown household products and food to be the top two areas in which consumers have switched to basic items rather than “flashy” [...]

Debit cards used for “convenience”

by on April 30th, 2009

TweetShareIt is becoming more common for people to pay for “convenience” goods using their debit cards, it has been noted, something that may help them avoid building up credit card debt. Tim Pie, a spokesperson from HSBC, said that consumers like the “security” of using a debit card, adding that they are becoming a more [...]

Young adults ‘will go into debt’ to fund home improvements

by on April 29th, 2009

TweetShareYoung adults are prepared to go into debt in order to upgrade their properties, a new survey has suggested. A poll carried out by Unbiased.co.uk has found that a quarter of Britons hope to make home improvements over the coming year. And it discovered that around five per cent of 18-24 year-olds plan to use [...]

Consumers ‘switching to debit cards’

by on April 29th, 2009

TweetShareBritons are “increasingly” opting to use their debit cards to make payments for purchases, it has been noted, something that could help them avoid building up credit card debt. Figures published by Apacs, the UK payments association, have showed that 43 per cent of online and offline retail transactions were carried out by debit card [...]

Debt ‘may put people off university’

by on April 29th, 2009

TweetShareWorries about debt management may deter some young people from going to university, it has been claimed. Johnny Rich, the editor at student website Push.co.uk, said that finance is the “chief concern” that most families face when deciding whether someone can enter further education. Those who are “most challenged by finance” are more likely to [...]

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