More than a third of Britons are out of control with their holiday spending and are in danger of storing up financial woes when their sun-tan has faded according to research from Chiltern Debt Management. It asked more than 1000 people about their holiday spending habits and discovered more than one in ten people will [...]
June, 2007
Chiltern UK Limited – Management Buyout
The management team headed by incoming Chief Executive Mark Bowler has been backed by Aberdeen Asset Managers Growth Capital (“AAMGC”), the private equity division of Aberdeen Asset Managers Limited. Senior debt and working capital facilities were provided by HSBC’s Corporate Banking Centre in Sheffield. HSBC’s funding was led by David Hunt from the South Yorkshire [...]
Credit Card Confusion costs Consumers £500m
Credit Card Confusion costs Consumers ¬¨¬£500m Confusion over the way credit cards charge for cash withdrawals and purchases is costing consumers ¬¨¬£500m each year according to Nationwide Building Society. Its research showed almost seven out of ten people didn’t know the debt charged at the highest interest rate – usually for cash withdrawals – is [...]