Credit Action has released the UK Personal Debt Statistics for the end of the year 2012. These monthly debt statistics provide an in-depth review of the level of debt in the UK along with other figures in relation to money, finance and the economy. The Credit Action figures showed that average...
This week saw the introduction of an app from Barclays bank that allows customers to transfer money into another bank account simply by entering the recipient's mobile number. The PingIt app allows registered customers to transfer up to £300 at a time directly into the account of another...
A recent report from Pricewaterhousecoopers (PWC) has highlighted the fact that UK families are typically £7,900 in debt from personal loans, overdrafts and credit cards. The Precious Plastic report shows that on average, households in the UK paid off around £350.00 of their unsecured...
Virtually everybody has some form of debt. This may be money owed on a Credit Card, a Bank Overdraft or Loan or of course the good old Mortgage. Debt in itself is not necessarily the problem - it only becomes an issue when you are unable to make the monthly repayments. If you do...
Earlier in the year R3, the association of Business Recovery professionals estimated that there are nearly 1 million individuals in the UK struggling with debt. This level of debt was fuelled until relatively recently by the huge boom in unsecured credit lending by the financial...