Credit crunch forcing couples to delay separation

Wednesday, September 10th, 2008

The present difficulty in getting credit and/or being able to sell property may be playing a key role in keeping couples together, according to research from online banking group Cahoot. More than one quarter of UK consumers surveyed by Cahoot said that they are less likely to separate from their partner ...

UK consumer debt totals over £1 Trillion

Sunday, August 31st, 2008

Research from leading accountants Grant Thornton has shown that the total amount owed by UK consumers in the form of mortgages, loans and credit cards has increased by 7.3% in the 6 months preceeding June. The figure now stands at nearly £1.5 trillion. During the same six months, the UK's Gross Domestic Product (GDP) only increased by ...

Credit Card issuers ‘hounding’ out 1.8m customers

Wednesday, August 27th, 2008

Some UK credit card companies are said to be ‘hounding’ nearly 1.8m responsible customers in the last year in order to force them to give up their cards.  The customers targeted are those who always pay their credit card bills on time, but who are not generating the card companies any ...

Getting a loan – do’s and do nots

Wednesday, July 23rd, 2008

Many of us are finding that we need to take out loans to shore up our finances just now. Most companies who lend to those with a good credit rating are offering more or less similar deals at the moment, but if your credit rating is poor, you’re likely to ...