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December, 2007 news

UK`s financial resolutions revealed
The financial priorities of people in the UK as 2008 approaches have been unveiled in a new report by Nationwide.... >>

Friends and family `not the best advisers`
Many people might turn to friends and family as the first port of call for financial advice, but a new survey has revealed that these may not be the best places to seek help.... >>

Consumers warned over `convenient` credit cards
Using credit cards as a way of completing this year`s Christmas shopping is "convenient" but overspending on them could lead to debt advice being sought, an industry expert has suggested.... >>

Festive debts `should be cleared quickly`
Consumers should attempt to clear their Christmas debts "as quickly as possible" to avoid long-term debt problems, a leading expert has claimed. ... >>

Parents `cut pocket money to curb debts`
Parents across the UK have cut approximately £40 million worth of pocket money to their children during 2007, new research suggests.... >>

Online banking `reflects pace of life`
The growth of online banking as a method of debt management for consumers reflects the pace of life in the 21st century, an industry expert has claimed.... >>

Boozy consumers `don`t buy drinks to avoid debt`
Almost two-thirds of Brits use debt management techniques when buying drinks on a night out with friends, a new survey has suggested.... >>

Spending culture could lead to "major problems"
Consumers are finding it hard to put away money each month to save for luxuries or as part of a debt management scheme, a financial expert has claimed.... >>

Isas `excellent form of debt management`
A government report has highlighted the success of individual savings accounts (Isas) as more consumers use them as a form of debt management.... >>

Pensions bill attacked for `helping too many`
The government`s pensions bill, designed to help consumers avoid debt problems in later life, has been slammed by a leading financial organisation.... >>

Debt problems and credit crunch `hit consumer confidence`
Rising interest rates and the recent credit crunch which is seeing many Brits tighten the purse strings this Christmas has hit consumer confidence, a leading body has claimed.... >>

Personal debt grows to record levels
The UK`s debt problems increased further during October, with the total personal debt of consumers in the country growing to its highest-ever level, new figures show.... >>

 

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