Archive for November, 2009

Debtors cutting back this Christmas, research shows

by on November 30th, 2009

TweetShareThe majority of Britons are planning on spending less over Christmas this year, with presents for families and friends heading the list of cutbacks. This is according to new research from Abbey Savings, which found that £3.45 billion pounds worth of savings is to be put towards affording the festive season in 2009, suggesting that [...]

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Debt after Christmas ‘a reality’

by on November 30th, 2009

TweetShareMillions of Britons look set to begin the new year in debt as a result of paying for Christmas “on the right now”. This is according to a study commissioned by money.co.uk, which revealed that although almost a third are concerned about funding the festive season, just 15 per cent have tried to spread costs [...]

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Debt attitudes helped by unemployment?

by on November 27th, 2009

TweetShareThe unemployment rates in the UK may go some way in helping change people’s attitudes towards their finances and the possibility of entering into debt. This is the opinion of Charles Davis from the Centre for Economics and Business Research, who observed that, although the rise in these levels has eased over the last few [...]

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‘Debt despair’ for Dubai expats

by on November 27th, 2009

TweetShareBritons living in Dubai may find themselves increasingly in trouble as the emirate appears to be succumbing to debts reaching £48 billion. According to the Daily Mail, the region has been experiencing difficulties since property prices fell and the stock market collapsed, which saw residents’ investments drop by over 70 per cent. As a result [...]

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Debtors offered financial education

by on November 27th, 2009

TweetShareA short film has been created in order to help debtors become more financially aware, detailing the clearing process of cheques, what happens if they bounce and when funds are cleared. Angela Thomas, managing director of the Cheque and Credit Clearing Company (C&CCC), which launched the product, noted that research from the organisation has shown [...]

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Credit card debt ‘can take years to clear’

by on November 26th, 2009

TweetShareDebts on credit cards that amount to between £1,800 and £2,000 may take more than ten years to clear, if just minimum repayments are met. This is according to This is Money’s Simon Moon, in response to a reader’s letter in which debts of £2,000 on Barclaycard Platinum and £1,800 on Natwest Gold cards were [...]

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