Archives for 19 June 2007
Car insurance claims ‘creating debt problem’
The rising cost of car insurance claims may be posing a debt problem to UK consumers, it has emerged.
Ian Crowder, spokesperson for the AA, suggests that Britons are facing a dual effect of rising premiums and higher repair costs, creating affordability issues at both ends of the car insurance process.
Citing a year-on-year increase of […]
Homeowners ’struggle to stay debt free’
Homeowners could struggle to remain debt free in light of rising interest rates, it has been claimed.
Chief UK and European economist at Global Insight Howard Archer warns that rate rises could present financial difficulties for mortgage holders.
The expert’s comments come in response to a housing market survey conducted by property website Rightmove.
According to the […]