A survey by defaqto and MoneyExpert has found that in 2005, 1 in 5 consumers got hit with late payment fees. The main reason for the late payment fees was late payment of credit cards and store cards. The survey also found that 1 in 20 consumers had built up over £100 in […]
Recent reports based on data released by the federal US government indicates that the average American adult is running $3,560 in revolving debt. Extrapolating the figures, the average American household has $7,271 in revolving debt. Revolving debt includes debt accrued from credit cards and loans that have yet to be paid back.
These figures […]
The BBC and Experian have developed a joint debt tester where you answer a series of questions in order to build up your profile. The debt test asks a series of questions about your current financial stats such as how much you earn, what you pay back per month etc. This helps them […]
Debt counsellors in the UK are warning that consumer debts will mount to record levels in 2006 because of Christmas overspending. Personal debt in the UK is already valued at over £1 trillion, with more than 3 million people owing more than £10,000 on loans, bank overdrafts and credit cards.
However, a statement from debt […]
Even though she recently filed for bankruptcy, Laura Fogle, has been bombarded by new cedit card offers from banks and issuers wanting to lend her money at high interest rates. In the last few weeks she has had unsolicited offers from MasterCard and Citibank to name but a few.
This is nothing new - credit […]
This year Black Friday, the day that is traditionally the start of the Christmas shopping season in the United States, is threatening to plunge many consumers into financial difficulties.
With many of the favourite Christmas lines, like the iPod and PSP costing hundreds of Dollars, it is easy to see how a middle-earning family can slide […]
