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March, 2008

• The mortgage market slows down [28/03/2008]
  When house prices were going nowhere but up, mortgages of 100% were quite common. Since the property was almost guaranteed
• Credit crunch `sees professionals considering IVAs` [28/03/2008]
  The number of high-earning professionals enquiring about Individual Voluntary Arrangements (IVAs) has rapidly increased in the first few months of
• Stay `on top of bills` to avoid debt [27/03/2008]
  It is not in anyone`s "interest" to let bills pile up to amount serious debts, a major bank and mortgage
• Workers `wasting money on unnecessary taxes` [26/03/2008]
  UK adults waste more than £9 billion every year as a result of filling in the wrong tax details, new
• Nearly a third `can`t cope with financial pressures` [25/03/2008]
  As many as 30 per cent of British consumers do not think that they can cope any longer with the
• People entering IVAs `without understanding terms` [25/03/2008]
  Many people entering Individual Voluntary Arrangements (IVAs) do not read the small print and understand all the terms and conditions
• Individual personal finance situation `important in mortgage choice` [20/03/2008]
  People planning to take out a mortgage have been advised to consider their personal finance situation in order to avoid
• Where does the credit go? [20/03/2008]
  From October to December 2007, UK residents spent £32.4 billion on credit cards, says APACS, the Association of Payment Clearing
• Comparing credit cards "difficult" for many consumers [19/03/2008]
  Many consumers find it "difficult" to make comparisons when choosing a credit card deal as they do not know enough
• IVAs `essential for debt solutions` [18/03/2008]
  Individual Voluntary Arrangements (IVAs) are an essential part of the solutions to debt problems, a leading expert has claimed.
• Debt advice queries `up by 35%` [18/03/2008]
  Fears over rising debt issues has lead to a 35 per cent increase in the number of people looking for
• Scots `feel inflation to be 8.4 percent` [17/03/2008]
  Consumers in Scotland perceive inflation to be over eight per cent, as their debt problems continue to rise, new research
• Generous Brits `using cards to give to charity` [17/03/2008]
  Britons are becoming more generous with donating money to charity via their credit and debit cards, new research has revealed.
• Budget `should urge people to plan finances` [14/03/2008]
  Consumers should look at the changes proposed in the Budget and plan their finances accordingly, an industry expert has suggested.
• Debt freedom day - an ‘interesting’ concept [14/03/2008]
  From 1 January to 10 March 2008, the ‘average Briton’ didn’t really make any money for themselves. Believe it or
• Hopeful youngsters `don`t think about debt` [14/03/2008]
  Nearly a third of young people think that they will not get into debt in the future, a survey has
• Bankruptcy rates `soar` in Wales [12/03/2008]
  Wales has seen a large rise in the amount of people declaring bankruptcy over the past few years, new figures
• Borrowing `reached 3-year high in 2007` [11/03/2008]
  Consumer borrowing soared to a three-year high during 2007 as debt problems continued to rise throughout the UK, new research
• Credit card firms `shouldn`t need extra evidence of fraud` [10/03/2008]
  Credit card companies should not require any extra evidence from UK consumers who submit a claim for money they have
• Interest rate decision welcomed [10/03/2008]
  Last week`s decision by the Bank of England to hold interest rates at 5.25 per cent has been widely welcomed
• Brits work 70 days `just to cover debt interest` [10/03/2008]
  The average UK consumer will have to work for 70 days this year just to pay off the interest accrued
• The housing market: shrinking growth, not shrinking prices [10/03/2008]
  According to the Land Registry, the average price of a house in England and Wales fell by 0.5% in December
• Credit card firms `should stand by statement` in fraud cases [07/03/2008]
  UK consumers have been advised they should not have to provide any additional information when claiming for debt unfairly accrued
• Downsizing funds `not enough to support retirement` [06/03/2008]
  People who downsize their homes and use the extra money to boost their retirement funds should not bank on the
• Govt plans debt help service [06/03/2008]
  The government is to trial a new service designed to help up to 750,000 people with their debt problems.
• IVAs `at forefront of debt problems` [05/03/2008]
  More than 100,000 British consumers applied for an Individual Voluntary Arrangement (IVA) or bankruptcy during 2007, new figures have revealed.
• Over 3m Brits `have 5 or more credit cards` [05/03/2008]
  Over three million UK consumers own more than five credit cards each, despite increasing personal debt problems and the effects
• Brits `worry about debts for 2 years` [04/03/2008]
  Consumers across the UK spend an average of two years of their life worrying about their debts, according to a
• UK`s debt problems `carry on increasing` [04/03/2008]
  The debt of the average household increases by at least £12.45 every day, new figures have revealed.
• Scots `spend more on nights out than Londoners` [03/03/2008]
  People in Scotland spend more on nights out than their London-based counterparts, adding to any debt problems, new research has
• Voluntary schemes `offer alternative to repossession` [03/03/2008]
  Sale and rent back schemes can often be a preferable alternative to house repossession for struggling homeowners, an industry expert

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Christmas spending slowdown expected 13/11/2008 - Christmas spending is expected to stagnate this year, as consumers Christmas spending ‘will fall’ 13/11/2008 - Christmas spending in the UK will fall by 2.6% to Credit cards: UK interest rates almost double US rates 13/11/2008 - The average British credit card is charging interest at 17.6% Recession ‘to last well into 2009’ 13/11/2008 - The Bank of England has said that the UK economy