TweetShareCredit Action has set out the UK personal debt statistics for October 2009, revealing that the average amount owed by households – including mortgages – rests at £58,290. Excluding mortgages, the typical debt per household is £9,180, although this would increase to £21,355 if the average was taken based on those who have unsecured loans [...]
Archive for September, 2009
Personal debt statistics released
by News Team on September 30th, 2009
Consumers have fewer choices in credit market, experts say
by News Team on September 30th, 2009
TweetShareAlthough the consumer credit market appears to be stabilising, borrowers could be offered fewer choices if new regulations negatively affect creditors, statistics released by the Finance & Leasing Association (FLA) have revealed. New contraction rates are showing signs of evening out, with fresh financial business in the three months to July 16 per cent lower [...]
Further measures to help homeowners announced
by News Team on September 30th, 2009
TweetShareDebtors struggling with mortgage arrears are to be offered assistance in the form of tighter regulations on court action from lenders regarding repossessions. Housing minister John Healey, who has also advised council leaders to offer practical support to residents fighting for their homes, said that the government decision to strengthen the rules regarding mortgages will [...]
Brits ‘wish they’d been more responsible’
by News Team on September 29th, 2009
TweetSharePeople in Britain have expressed regret at not being more financially responsible, according to a new survey. Findings from Simplyhealth’s Bothered Britain Report have revealed that 36 per cent of respondents are unhappy with how they have managed their money in the past, an issue that is more concerning to them than health issues and [...]
’20 years of debt’ for students
by News Team on September 29th, 2009
TweetShareThose leaving university believe that it will take them up to 20 years to pay off debts amassed during their college years, new research has shown. The poll, commissioned by insurance provider Endsleigh, found that 29.2 per cent believe they will have run up debts of over £20,000 when they come to graduate, although 7.5 [...]
Online banking ‘could help’ debtors
by News Team on September 28th, 2009
TweetShareBorrowers concerned with falling further into debt as a result of the ongoing postal strikes – and the possibility of national action being taken in October – could benefit from doing their banking online, an industry expert has suggested. According to Amer Sajed, chief executive of Barclaycard UK, handling financial affairs over the internet will [...]
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