Archives for 24 July 2007
Travellers ’should exercise credit debt management’
Credit debt management should be taken into account when spending on plastic overseas, it has been warned.
Research conducted by financial services analyst Moneyfacts reveals that fees incurred due to credit and debit card spending while on holiday abroad totalled about £725.75 million in 2006.
This could pay for 300,000 family holidays or 70 million bottles […]
‘Proactive approach to saving’ may provide debt help
Consumers seeking debt help could benefit from taking a “proactive” approach to their savings, it has been claimed.
According to Investec Private Bank, savings accounts which feature in best-buy tables frequently do so on the grounds of unsustainable headline rates.
The financial services provider encourages consumers to check their account is still generating the maximum amount […]
‘Pottermania’ could present debt problem
Parents could face a debt problem due to their children’s ‘Pottermania’, it has been claimed.
The cost of providing a child with a complete set of Harry Potter memorabilia totals £1,425, according to insurance provider Liverpool Victoria Friendly Society (LVFS).
Products contributing to the total include a cape, wand and broom, as well as hardback, paperback […]
IVAs ‘increasing in debt elimination usage’
Individual voluntary arrangements (IVAs) are an increasingly popular mode of debt elimination, it has been claimed.
The ease with which IVAs may be obtained means many people are arranging the debt elimination method over the phone, according to an expert.
Paul White of Belgravia Insurance Consultants suggests that IVAs and bankruptcy are increasingly acceptable ways of […]
Rate rises ‘adding to personal debt’
The personal debt crisis in the UK means consumers have “never had it so bad” following recent interest rate rises, it has been claimed.
Research conducted by Alliance Trust shows rapidly increasing consumer spending, with real earnings growth at its lowest point for ten years.
On the 50th anniversary of Harold McMillan’s infamous “most of our […]
Credit debt management ‘can help with future borrowing’
Effective credit debt management may allow consumers to borrow more easily in the future, it has been claimed.
The Co-operative Bank states that a poor credit score may prevent Britons from being approved for personal loans.
Spokesperson Andy Hammerton advises that products such as career development loans - which could carry an expectation of higher earnings […]