Archives for May 2007
Financial management ‘does not figure on Brits’ agenda’
Britons do not place financial management high on their agenda when it comes to activities in their spare time, according to research.
Data from fool.co.uk, found that about a third (32 per cent) would choose to sleep or do nothing in their spare time.
Furthermore, about one in five consumers (19 per cent) said they would […]
Loneliness more stressful than debt?
Single people are more stressed about loneliness than they are about their credit card debt, according to a new survey.
Online dating service parship.co.uk has published research suggesting that more than half of British singletons said that the main source of their loneliness is not meeting someone.
It also found that six million singles regularly lose […]
100% buy-to-let landlords ‘could land in debt’
Landlords new to the buy-to-let market have been warned about mortgages that do not need rental income to exceed monthly payments.
Landlord Mortgages, a specialist buy-to-let broker has said that products such as 100 per cent loans are only suitable for the experienced landlord.
These mortgages do not require 125 per cent of monthly payments in […]
Consumers ’spending less on credit’
Consumers are having to cut down on their spending due to increased personal debts and growing bankruptcy and insolvency rates, according to research.
A new survey from Datamonitor suggests that lending in the credit market dropped by about 4.5 per cent to £207.8 billion last year.
This meant that the adults typically had about £4,522 in […]
Barclays to charge low-use credit card fee
Barclaycard has announced that it will be charging customers who do not use their credit cards enough.
The company has said that those who have not used the card in the past year, or made a set level of payments may face the charge.
It is thought that annual fees of up to £25 are to […]
Credit card popularity ’set to continue’
The popularity of credit cards in the UK is in good health, according to one industry spokesperson.
Andrew Greenyer, vice president of international marketing at Group 1 Software, states that the credit card population grew by 12 million to 70 million in 2006.
He added that the volume of online card payments has increased by five […]
Purchasing green products ‘will not lead to debt’
Buying green products should not be seen as a way for consumers to land into debt, according to one expert.
Natalie Collins, public relations office for The Co-operative bank, asserts that though green products can be more expensive than normal products, the extra cost involved is not “huge”.
Ms Collins added that green products will allow […]
Stress-busting shopping trips ‘lead Brits into debt’
Britons who attempting to alleviate the stress of their working lives by going on shopping trips are entering further into debt, reports suggest.
Data from YouGov for charity the Retail Trust, suggests that a quarter of Britons go to the shops to relieve their stress, despite the trend for rising personal debt in the UK.
The […]
Tighter finances ‘dictating borrowing behaviour’
Increasingly tight household finances are affecting the way in which Brits approach future debt, according to new statistics.
Figures from the Major British Banking Group for April suggest that there was a fall in demand for large debts such as mortgages and scant change elsewhere.
This suggests that Britons maybe tightening their belts or reconsidering current […]
High rates ‘reining in borrowing’
An overview of mortgage and other debt data by financial commentator Global Insight has revealed that increasing interest rates are impacting on Brits’ borrowing habits.
Unsecured consumer borrowing was found to be flat, with credit card borrowing falling for the tenth time in 12 months, the firm asserts.
Statistics published in April by the British Bankers’ […]