Archive for June, 2006

Today's bankrupts have spent too much on credit cards rather than being hit by life-changing events such as divorce, surprise tax bills or business failure, a PwC survey has found.

 

The largest ever survey into the motivations of people who enter into Individual Voluntary Arrangements - a less severe alternative to bankruptcy - found that 83 [...]

Britons are in danger of losing their perspective claims the Prudential's National Risk Report, worrying about things outside their control rather than matters close to home.
The average UK citizen is more concerned about bird flu, terrorists and superbugs, all statistically unlikely to affect them, than they are about managing their finances.
"An age of fear is [...]

PERSONAL debt in South Tyneside has escalated above the UK average, new research reveals.
More than a third of all cases now dealt with by Citizen Advice Bureau (CAB) advisers are about money worries.
On average, people who turn to the CAB for help owe around £13,153 – almost a third more than they did three years [...]

LIFE STYLE EXTRA (UK) - Olivia Newton John's missing boyfriend has apparently been spotted in Mexico.
Patrick McDermott - who was believed to have drowned during a fishing trip last year - has reportedly been sighted by three separate witnesses.
The 48-year-old cameraman disappeared on June 30, 2005, after falling overboard during a trip out to sea [...]

Often it starts with a letter, a statement from the bank or credit-card issuer intimating that the recipient is over their credit limit and asking how they intend paying the money back. Then more letters arrive, containing utility bills and warnings from the mortgage company, reminders from the consolidation loan company whose help was supposed [...]

Total mortgage borrowing in the UK will have passed the £1 trillion (£1,000 billion) in May 2006, according to the Council of Mortgage Lenders.
At the end of April 2006 the total UK personal debt was £1,191bn. The growth rate remains strong at 10.2% for the previous 12 months which equates to an increase of [...]

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