Hidden Household Debt Reaches ?19 Billion
Households in the UK are estimated to owe nearly ?19 billion in hidden household debt according to figures from Citizens Advice. The charity has put an estimated figure on the household debt caused
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Half of Consumers Won’t ask for Help from Credit Card Provider
Over half of British consumers are reluctant to ask their credit card provider for help if they fall into debt, due to feeling there is a stigma attached.
UK Household Saving Hits New Low
UK household saving hit a record low in 2017 as inflation increased outgoings over the year. According to the Office for National statistics (ONS), the…
Households in Trouble if Interest Rates Reach 2 Per Cent
Many UK households could get into financial difficulties with mortgage payments if the base interest rate was to rise to 2 per cent. Despite UK household’s debt as a share…
Parents Relying on Credit Cards for Christmas Spending
A third of British parents will rely on credit cards for their Christmas spending this year, despite the fact that the same number are still…
18-25 Year Old Consumers Borrowing More
Almost a third of consumers aged 18-25 have borrowed more than ?1,000 over the last year according to a new report from Equiniti. In compiling…
Over-55 Credit Card Debt Rising
The amount of credit card debt held by the over-55s continues to rise, with an increase of 9 per cent over the last year to…
British Lenders Planning Consumer Credit Squeeze
UK lenders are planning the biggest squeeze on consumer credit since late 2008, when the economy was in the depths of recession, according to the…
Young Consumers Worried About Finances
The number of younger consumers worried about finances is growing, with 65 per cent of consumers aged between 18 and 34 concerned how they will…
Consumers Struggling to Meet Household Bills
Following the news last week that one in six UK consumers are over-indebted, the latest statistical research released from StepChange Debt Charity has shown that…