Archives for October 2007
Debt consolidation demand ‘driving secured loan expansion’
Article Category: Debt Consolidation Help and Advice
Demand for debt consolidation loans is set to drive expansion in the secured personal loans market, a new report has found.
Analysis from Datamonitor shows that the secured personal loans market is predicted to expand from a 2006 figure of £7.5 billion to reach £10.2 billion in 2011.
This expected growth […]
Higher cost of living hits the under-30s, says report
Article Category: Debt Management Help and Advice
Inflation is rising for people under the age of 30 who may find their debt management capabilities hindered, a new report has found.
The Alliance Trust Research Centre’s most recent Age and Inflation report has found that consumers in this age group experience the second highest rate of inflation after […]
Lack of awareness ‘could contribute to Christmas debt’
Article Category: Debt Management Help and Advice
People may be risking debt due to a low level of education about Christmas savings schemes, the Office of Fair Trading (OFT) has stated.
A spokesperson for the OFT said that many people who lost money when seasonal scheme Farepak collapsed felt that their low level of awareness about the […]
Expatriates ‘may risk debt’
Article Category: Debt Management Help and Advice
Expatriates may be risking debt by failing to sort out their financial arrangements following a move abroad, a new study indicates.
Research from Alliance & Leicester has found that 70 per cent of people do not set up an offshore savings account immediately upon moving, which could impact negatively on […]
High vet fees ‘heighten risk of debt’
Article Category: Debt Management Help and Advice
Britons with dogs may be risking debt due to high veterinary bills, it has been suggested.
Direct Line has found that eight per cent of dog owners have borrowed money from friends or relatives in order to meet the cost of medical treatment for their animal.
The company’s study also found […]
Britons ‘finding it harder to get mortgages’
Article Category: Debt Management Help and Advice
People struggling with debt management may be finding it harder to get a mortgage, according to a new study.
Research from online price comparison service MoneyExpert has revealed that mortgage approvals have fallen by 60 per cent in the past six months.
While the number of rejections was 463,000 in March, […]
Britons ‘bottling up debt worries’
Article Category: Debt Management Help and Advice
Consumers are bottling up their debt concerns, according to Fool.co.uk.
David Kuo, head of personal finance at the price comparison site, comments on research which reveals two-thirds of Britons are reluctant to discuss their monetary situation.
And a quarter (26 per cent) of 18 to 24-year-olds would opt to talk about […]
Debt concerns ’cause bad health for women’
Article Category: Debt Management Help and Advice
Many women are faced with stress and depression due to concerns about their financial situation and personal debt, it has emerged.
Research from the Women’s Health Council (WHC) reveals that 80 per cent of women discussed a mental health issue when consulting the Money Advice and Budgeting Service.
And 71 per […]
Economy ‘based on consumer debt’
Article Category: Debt Management Help and Advice
The economy may be based on high levels of consumer debt and over-inflated house prices, an industry commentator asserts.
Howard Archer, chief UK and European economist at Global Insight, suggests that the Conservatives would be likely to use such an argument if a general election were held soon.
“Consumer debt has […]
Economy strength ‘worsening personal debt’
Article Category: Debt Management Help and Advice
Many Britons have seen their personal debt worsen as a direct result of the strength of global economies, it has been suggested.
Bank of England governor Mervyn King proposes that the perceived robustness of the financial market has led many consumers to borrow more than would otherwise be the case.
The […]