Archives for 21 May 2007
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’ […]