Archives for 3 May 2007
High store card charges ‘must be viewed in context’
Charges levied on store cards have been defended following changes to legislation.
Edward Simpson, spokesperson for the Finance and Leasing Association, told Channel 4’s News at Noon that charges on store cards and credit cards are proportional.
This is because consumers tend to spend less on store cards than do on credit cards, he said.
“We’ve known […]
Young people’s lives ‘hampered by financial concerns’
Younger people are putting off marriage and other milestones for financial reasons, according to new research.
Data from Engage Mutual Assurance suggests that younger people believe they will not be able to afford marriage until 27, which is three years later than when their grandparents tied the knot.
It also showed that more than a third […]
Bad debt ‘likely to cause rising repossessions’
Rising inflation rates could lead to a significant rise in bad debts and repossessions, analysts say.
Last month, consumer price inflation rose to 3.1 per cent, pressurising homeowners and leading to the possibility of further base rate hikes.
Dr Neil Blake, managing director of global economic forecasting at Business Strategies, said that rate rises will impact […]