Archives for November 2007
Credit card cash withdrawal ‘inadvisable’
Article Category: Debt Management Help and AdvicePeople may face debt problems over Christmas if they fail to use credit cards sensibly, it has been claimed.Head of personal finance at price comparison website Moneyfacts Samantha Owens said that it is all too easy for consumers to spend on their credit card over Christmas without considering the […]
Debt ‘a way of life’
Article Category: Debt Management Help and AdviceDebt is an accepted part of British culture, it has been observed.Director of policy at financial charity pfeg Alastair Mathews remarked that for most people it is impossible to get onto the housing ladder or go to university without accepting a certain level of debt."We have almost officially built […]
Property ‘remains safe with IVAs’
Article Category: IVA (Individual Voluntary Arrangement) Help and AdviceIndividual voluntary arrangements (IVAs) ensure that property is safeguarded, it has been observed.Individuals taking out an IVA are assured that their home is not at risk - which is a confidence that people choosing bankruptcy do not have, pointed out James Falla, managing director of Thomas Charles.The […]
Average Briton £33,000 in debt, says report
Article Category: Debt Management Help and AdviceThe average British consumer owes £33,000 in unsecured loans, a new report states.PricewaterhouseCoopers’ Precious Plastic 2008 report claims that the amount owed by UK residents in unsecured loans has risen from £17,000 to £33,000 since 2000.The document warns that many householders currently in fixed-rate mortgage deals could be facing […]
IVAs ‘require research’
Article Category: IVA (Individual Voluntary Arrangement) Help and AdviceAnybody considering an individual voluntary arrangement (IVA) should thoroughly research the process, it has been advised.James Falla, managing director of Thomas Charles, said that IVAs are one of three possible debt solutions, with the other two being a debt management plan or bankruptcy.The first step for anybody […]
Fall in adverse credit mortgage approvals predicted
Article Category: Debt Management Help and AdvicePeople who have struggled with debt problems may find it harder to get a mortgage next year, it has been predicted.Sarah Robson, press officer for the Council of Mortgage Lenders, has stated that the body expects lenders to tighten their criteria next year, which could lead to some consumers […]
Britons ’struggling’ to pay bills
Article Category: Debt Management Help and AdviceUK consumers are finding it difficult to meet expenses as concern about inflation has risen, a new report shows.Lloyds TSB’s newly released Consumer Barometer indicates that 73 per cent of people in Britain believe that prices rose over the past year, with the balance of consumers thinking that prices […]
UK workers ‘make monthly sacrifices as pay runs out’
Article Category: Debt Management Help and AdviceBritons have to make sacrifices as payday approaches to avoid debt, it has been claimed.A new study from Abbey shows that 64 per cent of people are forced to cut back their spending towards the end of the month.Those whose debt management falls short of requirements run out of […]
Indebted graduates ‘taking risks with joint mortgages’
Article Category: Debt Management Help and AdviceGraduates in debt are investing in property with partners, family members and friends, it has been claimed.The fourth annual Scottish Widows Bank Graduate First-Time Buyer Survey shows that 72 per cent of graduate first-time buyers have bought property with someone they know, with 69 per cent of people with […]
Debt worries ‘not hampering seasonal spending’
Article Category: Debt Management Help and AdviceBritons are not planning to let worries about debt management restrict their Christmas spending, a new report shows.UK consumers are set to spend between two and three per cent more on gifts this Christmas than last year, research from market research company Mintel indicates."British consumers are not yet ready […]