Archives for 26 June 2007
Flood claims ‘could pose debt problem’
Britons could develop a debt problem if their insurance claim is rejected following recent flooding, it has been warned.
Over a quarter of a million (257,000) claims are turned down each year due to being underinsured, according to Abbey.
And the firm states that on Monday, June 25th, adverse weather conditions led to it receiving 8,600 […]
Greater store card debt for under-25s
Young people are more likely to use store cards to borrow money, placing them at a greater risk of high levels of personal debt, it has been claimed.
Research conducted by the Consumer Credit Counselling Service identified under-25s as the group with the greatest chance of obtaining store cards.
Meanwhile, their over-25 counterparts were seen to […]
Debt-struck Britons ‘the real fashion victims’
The term “fashion victim” may have a whole new meaning for debt-struck Britons, according to Scottish Widows.
Figures published by the financial services provider suggests that consumers waste over £6,000 on unwanted clothing over their lifetime, with the firm advising those with debt problems to curb their spending.
Some £6,044 is spent on average on clothes […]