The UK’s personal debt is increasing by £1m every four minutes according to the latest figures from Creditaction, the organisation tasked with improving financial education. Its monthly figures for February 2006 also revealed that more than 10m people in the UK have suffered relationship problems because of money worries and nearly [...]
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Monthly Archives: July 2007
Southerners most likely to struggle with their finances
Southerners are more likely than any other region of Great Britain to struggle with their household finances according to research from Chiltern Debt Management.
One in six Southerners said their finances were a struggle, more than double the number in the North East (one in 16) and compared to a UK average of one in nine.
The [...]
North East: lowest number struggling financially
Residents in the North East are half as likely to struggle with their finances than the UK average according to research from Chiltern Debt Management.
Just one in 16, the lowest in the UK, said their finances were a struggle, against one in six in the South and one in nine throughout the UK.
However, the research [...]
Scots say finances healthy but are they?
Scots are less likely to struggle with their money than elsewhere in the UK, but the least likely to pay off their credit and store card debts in full each month, according to research from Chiltern Debt Management.
Only one in 12 Scots says their finances are a struggle compared to a UK average of one [...]
Midlanders most likely to miss card payments but deny they're overstretched
Midlanders are the most likely in the UK to miss their credit or store card commitments, but among the least likely to say their finances are “seriously overstretched” according to research from Chiltern Debt Management.
Over four times the UK average, one in 37 compared to one in 167, declared that they had missed some of [...]
Lancashire will be longest in debt
Lancashire has the highest number of people in Great Britain who are only making minimum payments on their card balances, which will keep them in debt for the longest time.
According to research from Chiltern Debt Management, one in seven are only making minimum payments on their credit and store card commitments in Lancashire, compared to [...]
Londoners finances more of a struggle than average
Londoners say their finances are more of a struggle than average but nearly half claim to pay off their credit and store card bills in full each month according to research from leading debt management provider, Chiltern.
Southerners are the most likely to battle with their finances with one in six saying things are a constant [...]
East Anglians pay minimum on debt
East Anglians are the most likely in the UK to be very comfortable with their finances, despite a higher number than average paying the minimum amounts towards store and credit card balances each month, according to the latest research.
The findings from Chiltern Debt Management revealed that almost one in five people in East Anglia said [...]
Lancashire twice as likely to struggle with finances than Yorkshire
Lancastrians are twice as likely to say their household finances are a struggle, compared to neighbours Yorkshire, according to research from Chiltern Debt Management.
One in seven people in Lancashire said their household finances were a struggle compared to just one in 15 in Yorkshire and one in nine across the UK.
Lancashire also had a lower [...]
Virgin Money boost 0 per cent credit card
Virgin Money has increased its 0 per cent balance transfer credit card from 12 to 15 months in a bid to be the market leading 0 per cent balance transfer credit card.
The credit card also offers an interest rate of 0 per cent on purchases made in the first three months the [...]
Debt Management Advice Could Save Your Credit
With average consumer loan balances and credit card debt continuing to rise, more and more people are struggling with the overwhelming prospect of managing unmanageable debt situations. Obviously, the best approach to manage debt is to be proactively responsible and not take on more debt than can be easily repaid. This is easier said than [...]
Interest rate rise leads to millions of missed bills
Over 7 million household bills have been unpaid in the last six months because of the recent interest rate rises according to research carried out by moneyexpert.com.
The bills most likely to have been missed are council tax, with around 1.85 million being paid late or not at all, telephone, utility and rent [...]
Customers are still being mis-sold Payment Protection Insurance (PPI) according to consumer watchdog “Which”
Customers are still being mis-sold Payment Protection Insurance (PPI) according to consumer watchdog “Which”.
The research found that in 24 of 41 cases, the lenders automatically added PPI without the consumer being told that it was part of their package, that it was optional, or the customer’s eligibility for benefits were checked.
Using mystery [...]