A third of couples with children in the UK argue over money according to research from CreditExpert, the online credit report monitoring service. It revealed that two million children see the day to day effects of the UKs credit boom, but it’s not just couples with children who argue about money and require debt advice. [...]
February, 2007
Banks fail to check income before granting credit
Banks are failing to carry out enough income and affordability checks for many credit card applications – an issue that is fuelling the UK’s debt problem, a new report claims. According to independent price comparison and switching website, Uswitch.com, nine out of ten credit card applicants are not required to prove they can afford to [...]
Repossessions rocket
Home repossessions rocketed by 65 per cent last year as interest rate rises hit owners already struggling to keep up with monthly repayments. The Council for Mortgage Lenders said that 8,860 homes were repossessed in the last six months of 2006, bringing the total for last year to 17,000. This just shows the amount of [...]