Around 30m people are unaware how much they will be charged when they go overdrawn Around 30m people are unaware how much they will be charged when they go overdrawn on their current accounts according to the latest research from financial website MoneyExpert. The study found that even though there has been widespread coverage about [...]
August, 2007
More pensioners in need of debt help
The number of pensioners in Wales seeking help with their debts has doubled in the last five years according to a recent report. The number of pensioners in Wales seeking help with their debts has doubled in the last five years according to a recent report. The centre for credit counselling in Wales analysed 10,000 [...]
Are long term 0% credit cards such a good idea?
Customers need to be confident they can meet the repayments required Sainsbury’s Bank has extended its 0 per cent offer on standard and platinum credit cards purchase rates from 10 to 12 months. Chiltern’s Simon Duffy says, ‘While it’s good to see competitive rates from Sainsbury’s Bank, customers need to be confident they can meet [...]
2.4 million Brits are worried about their debts
A quarter of adults have taken on additional debt in the last three months A quarter of adults have taken on additional debt in the last three months in a bid to ease the strain of keeping up repayments on their debts according to research by MoneyExpert.com. It revealed that 7 per cent of Britons [...]
15m people don’t know how much they owe
More than 15m people in the UK don’t know how much money they owe More than 15m people in the UK don’t know how much money they owe according to the latest research by independent financial adviser locator unbiased.co.uk. Chiltern’s Simon Duffy said “It is worrying that so many people are unaware of their debt [...]
Millions going deeper in debt after consolidation
Two thirds of people who consolidate their debts with a loan will then go on to develop even more debt Two thirds of people who consolidate their debts with a loan will then go on to develop even more debt according to latest findings. The research by moneysupermarket found that one in four Brits (28 [...]
Over a million people pay for their home on plastic
In the last 12 months, over one million householders have resorted to using credit cards to pay for their rent or mortgage, according to leading charity Shelter. Its research found that almost six per cent of people had relied on a credit card to make payments for their mortgages or rent, which equates to a [...]
Brits get into debt to keep up with the Joneses
One in five Britons is spending beyond their means each year One in five Britons is spending beyond their means each year just to keep up with the Joneses according to research from online credit monitoring service CreditExpert.co.uk. The survey revealed the average person spends £5,874 more than they can afford each year and 26 [...]
Beware of the student credit card!
The average APR (annual percentage rate) on a student credit card is around 18%. Students could be paying up to 5 per cent more than the typical credit card rate if they take out cards marketed specifically at students according to research from moneyfacts.co.uk the money search engine. It shows the average APR on a [...]
Parents £5 billion worse off after summer holidays
Parents risk sinking into debt as they spend over £5 billion pounds during the summer holidays. Parents risk sinking into debt as they spend over £5 billion pounds entertaining their children during the summer holidays research has found. According to estimates by Sainsbury’s bank, parents will each spend £507.80 on average, a massive £5.29 billion [...]
