Debt Related News
Potential future recession will be ?mild?
5 Sep 2008 at 2:00pm
A potential UK recession will not be as bad as previous ones suffered by the country, a finance expert has claimed.
Global Insight’s chief European and UK economist Howard Archer said that he expected the next recession to be mild.
“It’s going to feel bad to people because the economy has been gr...
Zero per cent deals ?can help consolidate debt?
5 Sep 2008 at 7:00am
There has been an increase in longer debt transfer deals, an industry analyst has claimed.
Michelle Slade from Moneyfacts said that the amount of zero per cent credit card deals available for over 12 months has risen by 11.4 per cent.
Balance transfer deals can be an effective way to handle debt ...
Personal tax allowance changes could ?aid average earners?
5 Sep 2008 at 7:00am
Changes to personal tax free allowances due to come into force this month could mean the average person is better off, an industry insider has claimed.
John Whiting from the Chartered Institute of Taxation commented that new measures will mean most of the people who lost out during the ten pence ...
Housing reforms slammed by lobby group
5 Sep 2008 at 7:00am
The government’s reforms for the property market have been criticised by a lobby group.
Katy John, from the PricedOut organisation that campaigns for more affordable housing, described the changes as a “sticky plaster” that fails to address real problems.
“Why has Gordon Brown introduced a series...
Lower minimum payments ?can mean more debt?
5 Sep 2008 at 7:00am
Millions of those with credit card debt could take longer to pay it back, a new survey has claimed.
uSwitch has found that the average balance of £1,384 could take 31 years to be repaid due to a drop in minimum payments required.
The company reported that approximately 40 per cent of credit cards...
Housing reforms ?could help people avoid repossession?
4 Sep 2008 at 7:00am
The Citizen’s Advice service has welcomed measures announced by the government that could help people avoid repossession.
Chief executive David Harker claimed that the reforms may be an effective way of keeping families in their homes, when unexpected events such as job losses occur.
“Helping peo...
Public ?pessimistic about big purchases?
4 Sep 2008 at 7:00am
The current economic climate has meant people are trying to avoid spending a large amount of money, a new report suggests.
The Nationwide consumer confidence index for August has claimed that the public is pessimistic about making big purchases such as a car or house - which could lead to getting...
A third of remortgagers ?knowingly pay higher rates?
4 Sep 2008 at 7:00am
A lack of confidence and increased confusion can lead to borrowers ending up with more mortgage debt, a new survey has claimed.
Cheltenham & Gloucester has released a study that says people are paying higher rates due to worries or concerns about not being able to get a new mortgage.
Of homeowner...
Child behaviour ?affects adult savings habits?
4 Sep 2008 at 7:00am
debt management skills and saving habits as an adult are affected by a person’s behaviour as a child, new research has suggested.
A study carried out on behalf of Nationwide has shown that 71 per cent of respondents who saved money when they were young save regularly now.
Only 45 per cent of cons...
Government ?must help? those with mortgage debt
3 Sep 2008 at 7:00am
Homeowners struggling to repay their mortgages should be given more support according to a property organisation.
The Association of Mortgage Intermediaries (AMI) has called on ministers to intervene in the failing housing market.
Director general Chris Cummings said that repossession should only...
Newsfeed display by CaRP