Personal debt increasing
Debt Consolidation could be the Answer. Great Free Info Here.
DebtConsolidation.info-sites.net
Get the Lowest Loans Rates & Exclusive Deals only at Moneysupermarket.com. Apply Online - its Quick & Easy to get a Personal Loan for any purpose.
www.moneysupermarket.com
Cheapest loans, compare cheap loans online for- car, home, payday, student, secured, unsecured loans - we find the best Uk loan for you.
www.moneyextra.com
Personal debt is on the rise according to the Credit Services Association (CSA)
Personal debt is on the rise according to the Credit Services Association (CSA), which also claims that starting to find it harder to meet their repayments.Average debt now stands around £100 higher than is was a two years ago, at £1,300 and nearly half of CSA members reported that it is becoming harder to collect repayment from both businesses and individuals. In addition to this the number of debts being chased up by collection firms is increasing.
Speaking to the BBC, CSA president Scott Soutar, said: "Debt collectors are finding it harder to collect as consumers struggle to pay."
© Copyright
Looking for a loan? Get a Free and Impartial Comparison of Secured and Personal Loans at uSwitch. Apply Online Now and Get the Right Loan for you!
www.uswitch.com
Compare rates, deals and offers for Loans, Mortgages, Credit Cards, Insurance, Utilities, Debt Help and Personal Finance with Money Expert. Save money and apply online.
www.loans.co.uk
Related Articles
- 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... - 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... - 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... - 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... - 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... - 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... - 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....
- 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... - 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... - North-east carrying the biggest debts - 13th September, 2005
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...