‘Debt’ News
Planning Ahead Gleans Financial Security
Posted 2008-01-10
With the total UK debt standing at £1,400 billion - according to Credit Action figures - many Britons are being advised to create hard-fast budgets for 2008 to ease financial strain. The Consumer Credit Counselling Service (CCCS) recommends...
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Alternatives to Bankruptcy Offer Options
Posted 2008-01-5
Personal insolvency is expected to increase this year, noted James Falla, Director of advice service Thomas Charles, while speaking of the predicted rise in the number of people struggling with bankruptcy in 2008. Although “everyone’s talking” about the rising number...
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Wave of Debt Switching Tides
Posted 2007-12-22
According to recent research the mounting credit card debt of roughly £9 billion will transfer from one plastic product to another, in the New Year. Abbey Credit Cards conducted a survey of over 1,000 adults and found that...
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Bank of England Poll Shows Growth in Debt
Posted 2007-12-18
A survey carried out by the Bank of England showed millions of Britons are being adversely affected by debt. Even as households cut spending or borrowed more to cover expenses, almost one million families consistently had problems paying off mortgages...
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Pushy ‘Assistance’ from Banks
Posted 2007-12-17
Many families are shown to be nearly twice as in debt than they were only 7 years ago. The average Briton now owes £33,000 as opposed to the £17,000 owed in 2000, according to international accountancy firm, PricewaterhouseCoopers. With...