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Archive for March, 2008

Males rule the financial roost

Loans - Thursday, March 13th, 2008

When it comes to making an important financial decision British males rule the roost, or so suggests a new report.
A recently issued report, prepared by a leading UK bank has revealed that more than half of all men within the country state that they have the final say when it comes to making a major [...]

Debt “Numero Uno” for consumer discussion

Debt Consolidation Loans - Wednesday, March 12th, 2008

Matters of personal debt have become the number one talking point for British consumers, as tightening economic conditions affect the way in which we manage our daily lives.
A new study conducted by the Alliance and Leicester has discovered that more than half of all people living within the UK, are actively discussing their own personal [...]

Women more financially cautious than men

Loans - Wednesday, March 12th, 2008

Women are far more likely to seek help and advice with the potential state of their long-term financial health than men, suggests a new report.
According to a representative from one of the countries leading financial management firms, in their experience, women will only ever approach a specialist or pursue expert advice from an IFA, if [...]

Consumers must strike a balance between savings and loans

Loans - Tuesday, March 11th, 2008

British consumers amassed a mammoth £80 billion in loans, credit cards and other credit products throughout the course of 2007, suggests a new report.
One of the UK’s leading financial trends websites has revealed that people within the UK borrowed approximately 50p for every pound that was saved in 2007, representing an increase of approximately 10% [...]

Debt consolidation loans become more popular, as average consumer debts increase

Debt Consolidation Loans - Monday, March 10th, 2008

British households have amassed an average unsecured debt in excess of £10’000, reveals a new report.
According to recent market analysis, compiled using the most up to date credit management statistics, personal unsecured debt has rose by approximately 6% in the last 12 months alone.
Worryingly however, the report also makes mention that the stats do not [...]

Base rate remains unchanged

Loans - Monday, March 10th, 2008

The Bank of England has revealed that the national base rate of interest will remain static at 5 ¼ percent, to be re-reviewed at the MPC’s next meeting.
 
In the run up to the meeting, financial analysts throughout the country have suggested that the outcome would be a non mover, stating that tackling the inflationary factors [...]

Cards a poor consolidation alternative

Loans - Thursday, March 6th, 2008

British borrowers, who have been refused mainstream credit due to a national tightening of lending criteria, have been advised to avoid high interest products as an alternative to cheap rate consolidation loans.
One of the UK’s leading price comparison sites has revealed that some 10% of borrowers are deferring their debt consolidation requirements to high interest [...]

 
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