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Archive for September, 2007

Saving levels increase, although personal debt is still an issue

Loans - Wednesday, September 19th, 2007

According to a reputable British investment firm, UK consumers are believed to have saved almost £40 million during the second half of 2007.
However, what on the surface can be viewed as a huge plus for the UK economy, it is also noted that consumer debt is still at record levels. It is thought that although [...]

Bad borrowing decisions, cost the consumer big!

Loans - Tuesday, September 18th, 2007

According to new research, British consumers could stand to save around 1/5 of a billion pounds each year, if they spent a little more time researching their chosen form of personal credit.
The study revealed that around 1 in every 2.3 borrowers will instinctively choose a credit card, when applying for credit. However, very few consumers [...]

Home loan repayments increase by 100% for FTB’s

Loans - Monday, September 17th, 2007

Recently released statistics from one of the UK’s leading consumer trends institutes reveals that home loan repayments have increased by almost 100% in the last decade, for borrowers who fall into the 21 – 34 year old demographic.
Accordingly, in 1997, the average home loan commitment for consumers within this specific demographic stood at around £60,000. [...]

Can you justify your loan?

Loans - Friday, September 14th, 2007

Numerous different consumer groups and Government agencies have recently had a little “heads together” session, as a means to formulate a viable solution, in order to curb the UK’s current debt pandemic.
Accordingly, one of the most common suggestions raised by said groups relates to the way in which people acquire credit, or more specifically, the [...]

Low wages cause Britain’s young financial strife

Loans - Thursday, September 13th, 2007

Newly released information suggests that around 1/3 of all people aged between 20-30 are in jobs paying wages, that are deemed to be less than satisfactory.
As the cost of living increases and house prices continue to rise, unsurprisingly, financial worries are amongst the most common concerns for younger people.
Statistics suggest that the average wage for [...]

Consolidate in the run up to Christmas

Loans - Wednesday, September 12th, 2007

Although Christmas is still more than 3 months away, thousands of Brits have already starting to plan for the festive season.
Traditionally, Christmas is one of the most expensive times of year, and as you’d probably expect, it is also one of the most common times for consumers to run up high-end personal debts. In light [...]

Poorest families save more for their children

Loans - Tuesday, September 11th, 2007

According to a recent study, consumers in the UK who suffer with an adverse credit rating and/or bad debt are amongst the most likely candidates to allocate any spare funds towards their children’s futures.
One of the UK’s largest investment firms discovered that Brits who fall below the countries national average for take home pay, are [...]

 
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