Debt Related News
Brits ?pessimistic? about economic recovery
5 Jan 2009 at 8:49am
The majority of people are not optimistic about a recovery of the UK economy over the next year, it has been revealed.
A new poll by Adfero has shown that 59 per cent of those questioned believe the economic situation will not improve in 2009.
Eight per cent think the economy will stay the same, ...
Research hints at ?hereditary? spending
2 Jan 2009 at 5:06am
Consumers who spend too much on luxuries may have inherited the habit from their parents, new research has claimed.
According to Skipton Building Society, over 40 per cent of those surveyed replicate their parent’s spending traits, with almost 25 per cent adopting their mother’s spending habits.
...
Mortgage lending ?remains subdued?
2 Jan 2009 at 5:06am
Mortgage lending has remained low due to a lack of activity in the housing market, new figures have revealed.
According to the Building Societies Association (BSA), net mortgage lending totalled £422 million in November of last year, an increase on the £413 million provided by building societies ...
Personal insolvencies to hit ?record high? in 2009
2 Jan 2009 at 5:05am
Personal insolvencies are likely to reach record levels in 2009, it has been predicted.
KPMG has forecast that over 150,000 people will either be entering into Individual Voluntary Arrangements (IVAs), being declared bankrupt or entering a soon to be introduced Debt Relief Order over the next 12 ...
Building society cuts mortgage prices
30 Dec 2008 at 6:45am
Mortgage prices have been reduced as part of a new year sale by Leeds Building Society, the lender has announced.
The cost of a number of its homeowner loans - including fixed-rate and first-time buyer options - have been cut, with rates for three-year fixed-rate deals now starting at 4.75 per ce...
Debt advice line sees increase in callers
29 Dec 2008 at 4:19am
A growing number of people are telephoning a government-funded advice line for debt advice, new figures have revealed.
The Department for Business Enterprise and Regulatory Reform has announced a 40 per cent increase in the amount of people contracting the National Debtline over the last year, wi...
Consumers ?should switch to 0% credit cards?
29 Dec 2008 at 4:19am
Consumers looking to save money in the new year should use a credit card with zero per cent interest, it has been suggested.
According to Halifax, switching to such a card can help cut the cost of shopping, as consumers using a product with a high annual percentage rate are likely to be paying mo...
Loan rates cut by Sainsbury?s finance
24 Dec 2008 at 4:18am
Sainsbury’s Finance has announced a cut in the rate of its personal loans for online customers.
The lender is reducing the typical annual percentage rate from 8.9 per cent to 8.2 per cent for loans ranging from £7,000 to £15,000.
Those who are considering borrowing such an amount - perhaps to hel...
Halifax provides sale shopping tips
24 Dec 2008 at 4:18am
Halifax has issued advice to consumers looking to make purchases in the January sales, after publishing figures revealing more shoppers will be looking for a bargain in the new year compared to 2008 data.
According to the lender, 48 per cent of customers will be looking to buy in the sales I Janu...
East Midlands children ?best at saving?
23 Dec 2008 at 6:55am
Children in the east Midlands are achieving the highest savings balances in relation to pocket money received, new figures have revealed.
Research from Halifax found those living in this area have an average of £1,038 in savings, despite receiving £231.92 in pocket money every year.
The highest s...
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