Archived News & Related Stories
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April, 2010 news
Consumers paid down debt in March
Consumers repaid more unsecured debt than they took on in March, according to the latest figures from the British Bankers` Association (BBA).
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Cost of fixed-rate mortgage debt falls to two-year low
According to market analysis by Moneysupermarket.com, the average cost of a two-year fixed-rate mortgage debt has fallen to its lowest level in 24 months, the Telegraph reports.
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Average pensioner releasing equity has debt of £35,991
According to figures from equity release adviser Key Retirement Solutions (KRS), the average pensioner taking out an equity release plan on the value of their home is carrying debts of £35,991.
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Scotland`s debt capital named
Research by market research firm CACI has revealed that Anderston - on the western fringes of Glasgow city centre - is Scotland`s `most debt-ridden community`, with almost one in five residents owing more than £15,000 in unsecured loans, The Times reports.
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More than a fifth of borrowers `hiding debts`
Over a fifth (21%) of people in debt in the UK are hiding how much they owe from their partner, according to research from the Post Office.
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Incorrect bills putting energy users at risk of debt
Almost a third (30%) of households have received incorrect bills from their energy company in the last two years, new research from uSwitch.com has found.
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Debt: one pound in five goes on `live-now, pay-later approach`
According to a study by the Payments Council, almost one pound in five left after paying regular bills - which amounts to around £30 a week - is being spent on the `live-now, pay later approach to life that has left many with a debt hangover`, as the Daily Mail puts it.
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ISA applications rise by 52%
According to research by Fair Investment Company, ISA (Individual Savings Account) applications were up 52% for the start of the 2010/2011 tax year compared with the start of the 2009/2010 tax year, headlinemoney.co.uk reports.
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Debts, `wants` and leisure: how our financial habits have changed
Research by the Office for National Statistics (ONS) has revealed how our financial habits have changed over the course of four decades, the Guardian reports.
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Quarter of house-buyers `unaware of full cost of debt`
Nearly a quarter (24%) of house buyers are unaware of how much the extra costs associated with buying a home will add to their bill, according to Unbiased.co.uk.
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Britons pay off secured debt
According to the latest statistics from the Bank of England, homeowners cut the value of the debts secured against their property by more than £4bn in the final quarter of last year, The Times reports.
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30% of those struggling in debt without help keep quiet
According to research by insolvency trade body R3, 30% of those struggling in debt without help `haven`t even told those closest to them`.
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Britons taking on debt to buy items they can`t afford
Research from uSwitch.com has found that retail therapy is `fast becoming a curse instead of a cure for Britain`s recession-fatigued consumers`, with a large number (35%) of shoppers feeling increasingly guilty when they`ve spent money on the high street, headlinemoney.co.uk reports.
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