Debt Related News
Downward house price pressures remain
3 Jul 2008 at 12:00pm
The downward pressures on house prices in the UK remain strong as affordability constraints continue to concerns households around the country, it has been claimed.
Howard Archer from analysts firm Global Insight is convinced that potential house buyers are finding increasingly tough to secure a ...
Average Brit ?has £4,900 in unsecured debt?
3 Jul 2008 at 12:00pm
An average British consumer has an unsecured debt management burden worth close to £4,900, according to the latest figures compiled by Credit Action.
Borrowings secured through retail or motor finance deals, bank account overdrafts, credit cards or unsecured personal loans are now worth thousands...
July ?could be painful? as mortgage deals end
3 Jul 2008 at 8:00am
July could be a painful month for thousands of homeowners around the country as their fixed-rate mortgage deal comes to an end, it has been claimed.
According to Moneysupermarket.com, mortgage deals worth close to £30 billion will expire over the course of the month and the resulting debt managem...
Government looks to ?bolster? credit unions
2 Jul 2008 at 12:00pm
The government has announced the introduction of measures it says have been designed to bolster the efforts of credit unions.
Economic secretary to the Treasury Kitty Ussher has suggested that the struggles facing British families in becoming debt free mean that they need access to affordable cre...
Help for credit unions welcomed
2 Jul 2008 at 12:00pm
The government’s announcements that it intends to help the credit union sector in the UK have been welcomed by the price comparison company Moneysupermarket.com.
According to the web-based business, families will have a better chance of dealing with their debt management problems if they can acce...
Calls for banks to treat borrowers fairly
2 Jul 2008 at 8:00am
There have been calls for the leading high street banks in the UK to treat their mortgage customers fairly.
According to Fool.co.uk, the current economic climate means that banks can and in some cases are offering mortgage deals that are relatively unfavourable to borrowers.
Many people could fin...
Struggling Brits ?stick with debit cards?
2 Jul 2008 at 8:00am
As British consumers continue to struggle with debt management problems they are tending to stick to spending on their debit cards, according to the latest figures.
Data compiled by the UK’s payment association Apacs has shown that around 62 per cent of all the spending on plastic last year was d...
Credit card cash advances ?absolute no no?
2 Jul 2008 at 5:55am
Using a credit card to gain a cash advance should be an “absolute no no”, it has been suggested.
According to Moneynet.co.uk the cost of taking out extra cash via a credit card has risen by around 5.5 per cent over the course of the past two years and should be avoided.
By using a cash advance [....
Renovation ?boom? as Brits look to stay put
1 Jul 2008 at 8:00am
There has been something of a boom in home renovations as an increasing number of people look to improve their own property rather than buy a new one, according to a report from LV=.
Around 57 per cent of people have carried out some kind of home improvements in the past six months and around 15 ...
10p tax changes ?do not go far enough?
1 Jul 2008 at 8:00am
The changes to the tax structure that were brought in after the government u-turn on the abolition of the 10p tax rate do not go far enough to help those left out of pocket, it has been claimed.
According to a Treasury committee, as many as one million British households could still lose out as a...
Newsfeed display by CaRP