Archives for 19 December 2007
Lenders ‘targeting’ better-qualified
Article Category: Debt Management Help and AdviceLenders are "targeting" better-qualified people as a way of maintaining business levels during the current ‘credit crunch’ crisis.Property website FirstRungNow.com says that they are training their sights on graduates and "lower risk" borrowers as they are considered less likely to default on repayments.Specialist products have evolved to cater for […]
Banks ‘pressurising’ borrowers
Article Category: Debt Consolidaton Help and AdviceSome greedy banks are "pressurising" borrowers already in debt to take out additional loans, according to a leading consumer advice group.The Citizens Advice Bureau (CAB) says that although banks are probably aware of their customers’ situations they are still being bombarded with "aggressive" phone calls either demanding money to […]
Young debtors owe £12,790
Article Category: Debt Management Help and AdviceThe average amount owed by youngsters in debt aged between 18 and 24 is £12,790, according to new research.Figures revealed by the Consumer Credit Counselling Service (CCCS) show that 56.4 per cent of this debt consists of personal loans, 28.5 per cent credit card borrowing, 7.3 per cent overdrafts, […]