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September, 2007

• Brits `stash cash at home` [28/09/2007]
  More than three-quarters of British people admit to hiding money in their homes instead of putting it in a bank
• Consumers consolidate debts amid turbulent financial markets [28/09/2007]
  Borrowing on personal loans and overdrafts dropped in August as the credit crunch meant consumers were more prudent with their
• CML welcomes `encouraging` credit predictions [27/09/2007]
  The Bank of England`s latest credit conditions survey has been welcomed by a number of industry experts, including the Council
• Local institutions `better placed to offer debt advice` [27/09/2007]
  Local building societies have a wide range of advantages when dealing with debt problems compared to national banking institutions, an
• Bank stops overdraft charges [26/09/2007]
  A high street bank is to stop charging interest on overdrafts run up by its customers in an attempt to
• `Greater consumer awareness` fuels IVA growth [26/09/2007]
  The take-up of individual voluntary arrangements (IVAs) is growing due to "greater consumer awareness", an industry expert has claimed.
• Barclaycard slashes credit limits to cut debts [26/09/2007]
  One of the UK`s biggest credit card companies has cut the credit limits of over half a million customers in
• Loans taken out `to consolidate debts` [25/09/2007]
  Debt consolidation is the main reason for taking out a personal loan, an industry expert has claimed.
• First-time buyers `not hit harder by uncertain times` [24/09/2007]
  First-time homebuyers will not be hit harder in the current credit crunch than the rest of the market, an industry
• Uncertain times push savings `to record August high` [21/09/2007]
  Despite uncertain financial markets, the amount saved by Britons hit a record high for the month of August, according to
• Traditional debt worries `overtaken by mortgage hikes` [19/09/2007]
  Personal debt consolidation problems have changed in recent times as mortgage repayments overtake credit card debts as the main source
• IVAs can get debtors "back on track" [19/09/2007]
  Taking out an individual voluntary arrangement (IVA) gives the consumer a chance to "start afresh", a financial expert has claimed.
• Mortgage consumers `better informed than ever` [18/09/2007]
  Homeowners and those about to enter the housing market are now better informed than ever before about the range of
• OFT welcomes `overdraft transparency` [17/09/2007]
  The Office of Fair Trading (OFT) has welcomed a move by one of the major high street banks to provide
• Young and old `declare record bankruptcies` [14/09/2007]
  The number of young and retired Scots declaring themselves bankrupt has doubled within the last two years, new statistics show.
• Bankruptcy enquiries `up 53%` [13/09/2007]
  Enquiries into bankruptcy procedures from worried consumers rose by 53 per cent in the last year, according to new figures.
• Insolvency figures drop [12/09/2007]
  The number of individual insolvencies in England and Wales dropped in the second quarter of 2007, but still rose compared
• First-time buyers `find market tough` [12/09/2007]
  The number of home loans lent to first-time buyers dropped in July as unstable financial markets and rising house prices
• Customers `to be warned about approaching overdraft limits` [11/09/2007]
  A major high street bank is to alert customers when withdrawing money if they are getting too close to their
• Expert: High earners still need to save [10/09/2007]
  People on high incomes still need to save money and they would be better off switching to an offset mortgage,
• Credit card cashback – the way to bigger debts? [07/09/2007]
  The credit card market always seems to be in competition with itself to gain more customers. First, there was interest-free
• Expert: Emergency money should be kept [07/09/2007]
  Consumers worried about short-term debt problems should keep a small amount of money in an "easy to get to" account
• Young people `too pressured to think about retirement` [07/09/2007]
  The pressures of modern life are making many young people forget about thinking of saving for retirement, an industry body
• Decline of endowment loans `gives consumers more choice` [06/09/2007]
  The wide range of interest-only mortgages on the market is allowing consumers to choose "alternative repayment" methods, according to an
• Little-known credit policy uncovered [05/09/2007]
  A practice by credit card companies which can reduce your credit limit has been uncovered by a BBC radio show.
• September `the most popular month for policy renewals` [03/09/2007]
  More than £2 billion is to be spent on mortgage and annual policy renewals throughout the month of September, new
• Scots `least likely to pay debts with savings` [03/09/2007]
  Scots are least likely to use their savings to pay off other debts, a new survey has revealed.

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Some Scottish house prices still rising 20/11/2008 - Amidst economic gloom and high levels of personal debt, house Energy suppliers biggest profits from poor 20/11/2008 - Consumer Focus, the new consumer watchdog, has claimed that energy Rise in bankruptcies and IVAs 20/11/2008 - There were 27,087 individual insolvencies in the third quarter of Supermarket price rises far above inflation 20/11/2008 - The latest inflation report from the Office for National Statistics