Banks hassling struggling consumers
Posts Tagged ‘debt’
Banks hassling struggling consumers
By admin | July 16th, 2008 | GeneralStruggling consumers in debt in the UK are being targeted and hassled by some High Street banks, in a bid to try and get the consumer to ‘deal’ with their debt issues by taking out a more expensive loan. In many cases the banks are leaving the consumer in an even worse situation, with more [...]
Rise in insolvency levels fuelled by various factors
By admin | July 7th, 2008 | GeneralDespite a small drop in the level of insolvencies in the latter part of last year, many industry experts have predicted that insolvency levels over this coming year will rocket, branding last year’s drop as simply ‘the calm before the storm’. Many had predicted that there would be a mass influx of people becoming insolvent [...]
Consumers warned not to fall victim to scam letters
By admin | June 22nd, 2008 | GeneralConsumers are being warned to be vigilant with regards to their junk mail, and not to fall victim to elaborate scam mail, after a case involving an elderly woman highlighted how falling for this sort of scam can lead to incredible levels of debt. The woman reportedly got into thousands of pounds worth of debt [...]
Barclays accused of trying to get consumers to get deeper into debt
By admin | June 17th, 2008 | Credit Cards, GeneralBarclays Bank has been at the centre of fresh controversy recently after being accused of encouraging consumers to get even further into credit card debt. Credit card debt levels in the UK are already through the roof, and experts feel that the introduction of a new card from Barclays, which is due to be put [...]
Struggling borrowers need to ask banks for help
By admin | June 11th, 2008 | GeneralOfficials from the British Bankers’ Association have stated that it is vital for consumers in the UK to contact their banks if they are struggling to keep up with repayments on their financial commitments. Although many consumers have been locked in a battle with their banks over the past year or two over everything from [...]
Are you still paying off Christmas debt from last year?
By admin | May 22nd, 2008 | Credit CardsAt this time of year, with Christmas, New Year, and January sales just around the corner, millions of people are getting set to spend a fortune, and inevitably this means that many people will end up with high levels of debt once the festive season has come to an end. For some people this is [...]
New curriculum will help kids to understand financial management
By admin | February 20th, 2008 | GeneralAs part of a new curriculum children in schools across the UK will be learning about effective financial management and learning how to stay out of debt. Although the adults of today cannot imagine learning this type of topic at school, the levels of consumer debt throughout the UK have been cause for great concern [...]
Reduced minimum repayment levels could mean years of debt
By admin | February 12th, 2008 | GeneralRecent reports have suggested that a number of credit card companies are looking to reduce their minimum repayment levels, which are already at an average of 2.65% of the balance. Some credit card companies charge only 2% of the outstanding balance. However, campaigners are now up in arms about this issue, stating that this is [...]
Dealing with Credit Card Debt
By admin | January 19th, 2008 | FeaturedBeing in a debt can give you sleepless nights. Credit card debt can ruin your chances of getting a car loan or mortgage. It is advisable to manage your credit card debt to avoid any future financial complications.
Here, are some of the tips that will help you in reducing your credit card debt.
Calculate how much [...]
BBA urges consumers to cut back on credit card spending
By admin | January 8th, 2008 | Credit Cards, GeneralCredit card debt levels have been at the centre of concern for some time, and many consumers across the UK have had to deal with spiralling credit card debt issues over the past year. This type of debt has been blamed for a large chunk of the UK’s unsecured debt mountain, and each year many [...]
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