Tag Archives: personal debt

Mid & Low Income Families Feel The Pinch

Middle and low income families are feeling the effects of credit card and personal loan debt, in spite of economic recovery, a new report has announced. Whilst the UK’s economy has continued to improved at a laboriously slow rate it is unlikely that many … Continue reading

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Disposable Income Drops To Record Low

Fears that consumers could start to rely more and more on their credit cards or short-term lending such as payday loans are abound following a recent report on disposable income carried out by Asda. The report suggested that families’ disposable income dropped by a … Continue reading

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Newly weds faced with mounting debt

The Work and Pensions Secretary, Iain Duncan Smith, has warned that many couples planning weddings are likely to be faced with debt at the start of their lives together. Research has indicated that around 90% of people intend to marry … Continue reading

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Personal insolvencies hit record high in 2010

Consumers are being urged to watch credit card spending after a report by the Insolvency service revealed that a record 135,089 people were declared insolvent over 2010. The service states that the 0.7% increase on 2009′s figure came in spite of a … Continue reading

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Credit repayments increase as savings plummet

Recent research commissioned by advisory website unbiased.co.uk has indicated that savings levels plummeted over the second quarter of 2010, as many consumers rushed to pay off debts. The figures indicated that consumers only managed to set aside around £15.4 billion … Continue reading

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