More than ten million adults in Britain accept their current borrowing level is unmanageable or worse More than ten million adults in Britain accept their current borrowing level is unmanageable or worse, a recent uSwitch survey found. The study, by the online comparison site, revealed that just over one in four people said their current [...]
November, 2007
More than half of wages already spent
Over half of monthly take home pay is swallowed up repaying debts Over half of monthly take home pay is swallowed up repaying debts, a survey from comparison website uswitch has revealed. It found the average person sees 35 per cent of their wages taken up by mortgage payments, and a further 18 per cent [...]
More people to fall behind with mortgage payments
The slowing housing market could spell disaster for many homeowners The slowing housing market could spell disaster for many homeowners already under pressure from increased utility bills and higher interest rates, according to the Council of Mortgage Lenders (CML) It recently forecast that house prices would fall next year and that there would be a [...]
125 higher credit card charges in two months
More than 125 separate credit card charges and rates have been increased in the last two months according to recent research. More than 125 separate credit card charges and rates have been increased in the last two months according to recent research. The report by financial information provider moneyfacts.co.uk, shows that 69 different providers had [...]