Tag: Debt

Debt problems most prevalent among the under-25s

Research by a debt advice charity has revealed that over 22,000 adults aged under 25 sought its help in 2012, demonstrating the “acutely vulnerable economic position” of young people.

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Top tips to avoid falling into debt this Christmas

With just over 30 days to go until Christmas, the countdown has begun and the festive rush to buy seasonal goods is well and truly on.

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Overdraft debt increases amid tighter lending conditions

The number of consumers struggling with overdraft debt is on the rise, as credit card and personal loan providers impose tighter criteria for lending, according to a leading debt advice charity.

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Five ways to avoid debt

According to figures from money charity Credit Action, average household debt including mortgages is £55,483 with the UK as a whole in £1.459 trillion of outstanding personal debt.

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Consumers cautious over credit card borrowing

The UK’s ailing economy has meant that consumers are now carefully guarding their finances; with credit card lending last month falling by its greatest rate since August 2006.

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Mail order debt is biggest burden on consumers

Debt from mail order catalogues has surpassed mortgages or rent and payday loans as the biggest drain on consumers’ finances.

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Brits still paying off Christmas debt

One in five Brits are still paying for their Christmas spending, with many using credit cards to foot the festive bill, research has revealed.

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6 million UK homes have less than £250 in savings

A staggering six million homes wouldn’t be able to survive for more than five days on their current savings if their regular income stopped.

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