North-east carrying the biggest debts
Free share tips and market comment from the experts in your email.
www.uk-analyst.com
Latest stock quotes, investments, loans, insurance, personal banking, and more. ... All the key business and finance announcements from around the globe ...
uk.finance.yahoo.com
People who live in the north-east of England are most likely to be in debt, according to new research.
People who live in the north-east of England are most likely to be in debt, according to new research.Credit report service MyCallcredit has released research, which found that people living in urban conurbations are the most in debt, with those in the north-east topping the league.
Uxbridge comes first out of all the places in the UK as the most in debt town. Meanwhile Dorchester comes a smug last.
Those in the south-west are most likely to escape the debt burden: for better personal finances, people would do well to move to Bristol, Exeter or Plymouth.
MyCallcredit director Alison Nicholson said that she hoped the group's research would encourage lenders to lend more responsibly.
"The vast majority of people are still up to date with their credit commitments and managing their finances well but there is concern over levels of debt and pressure on lenders to lend responsibly - our research helps lenders fulfil this responsibility to their customers," she said.
© Copyright
Finance is the science of funds management.[1] The general areas of finance are business ... The field of finance deals with the concepts of time, money and risk ...
en.wikipedia.org
Get the latest on Acorn International, Inc. (ADR) including up to date news, high quality discussion groups and more on Google Finance.
www.google.com
Google Finance offers a broad range of information about stocks, mutual funds, public and private companies. In addition, Google Finance offers interactive ...
finance.google.co.uk
Related Articles
- Don’t struggle with dinner-related debts - 29th September, 2005
The news that people in the UK spend more than £2.6 billion on tips will be no surprise to the credit card companies that see people's balances incorporate dinners and other day to day expenditure.
Furthermore, while it may seem reasonable to put the occasional meal on the plastic, it is surely inadvisable to risk over-the-limit charges by tipping even when they experience poor service... - Credit card borrowing on the decline - 27th September, 2005
The amount of overall credit card debt fell in August, while lending on loans and overdrafts rose, according to figures released today.
The British Bankers' Association's (BBA) August figures show that net credit card lending fell by £146 million compared to a recent average increase of £102 million.
However net lending on loans and overdrafts increased by £842 million from last month, more than the average of about £500 million for the last six months... - Many loan adverts found to be breaking the rules - 29th September, 2005
Over 60 per cent of regional newspaper adverts and 68 per cent of adverts in car magazines for personal loans were found to not fully comply with new regulations.
The Office of Fair Trading (OFT) set up a review of credit advertising, which was undertaken by trading standard services across Britain.
It discovered that many adverts did not wholly comply with the Consumer Credit (Advertisements) Regulations, which came into force on October 31st 2004... - Bank holds interest rates - 7th October, 2005
The Bank of England (BoE) has announced that its Monetary Policy Committee (MPC) has decided to keep interest rates at 4.5 per cent for the second month in a row.
There have been calls from business leaders, retailers and unions for the BoE to slash rates further so as to reinvigorate a stuttering economy... - Young need debt aid - 19th September, 2005
There is an insufficient support network for those young people who are in significant debt, says Liberal Democrat shadow chancellor Vincent Cable....
- Bank of England holds base interest rate - 8th September, 2005
The Bank of England announced today that interest rates will be held at 4.5 per cent.
The move comes as no real surprise to most analysts, who had been predicting that the base rate would be held following a quarter point cut in August... - Car buying drives loan demand - 28th September, 2005
About £58.5 billion ponds will be spent on cars in the next six months with a quarter of purchasers planning to take out a loan to fund their new wheels.
The Sainsbury's Bank Car Buying Index indicates a sharp upturn in vehicle purchasing. It found that 7.3 million people intend to buy a car between October 2005 and March 2006, compared with the 5.4 million people who planned to buy a vehicle in the period February to July 2005... - Shop around for payment protection to save £s - 13th October, 2005
Consumers could save hundreds of pounds by considering their options when taking out protection for their loans.
Andrew Hagger of financial information website Moneyfacts warns that competitive rates on high street loans mean banks frequently use payment protection insurance to turn a profit... - Secured lending cools - 16th September, 2005
Secured lending in the UK is set to cool over the coming years, according to a market analyst report.
The Datamonitor research predicts that until the end of the decade gross advances will grow at a rate of 5.3 per cent per year compared to a growth of 50 per cent since the start of the millennium... - FSA reports improved fairness for finance customers - 4th October, 2005
A number of financial services firms have taken steps to improve their level of fairness when dealing with customers, the FSA reports.
FSA managing director Clive Briault said his organisation had been pleased to note examples of companies carrying out analysis to identify areas where they are not meeting standards in treating customers fairly...