HOMEOWNERS risk falling into a £35 billion “never-ending mortgage” trap by failing to stick to or reduce the term of their loans – meaning pensioners are retiring with mountains of debt.
Tag: Debt
Motley Fool: Get A Mortgage With Bad Credit
If you wanted to borrow money in the old days and you had bad credit, you had to skulk off to some dark, sinister, pee-pee-soaked alley to find the villains who offered them, complete with their appalling small print and shocking interest rates.
MoneyExpert: British Personal Debt Is ‘double European Average’
Over a third of all unsecured debt such as credit cards and overdrafts in Europe belongs to the British, says business research group Datamonitor.
Scotsman: UK Personal Debt Twice That In Rest Of Europe
INDIVIDUALS in the UK have an average of £3,175 unsecured debt, more than double that in the rest of western Europe, according to new research from independent analyst Datamonitor.
Motley Fool: Beware Of These 0% Card Tricks!
When is interest-free credit not interest free? When you’re forced to pay fees (and, amazingly, even interest) for the privilege of borrowing money at 0% for an extended period!
MoneyExpert: Report: Credit Card Rates Rising
Credit card companies have increased their interest rates to compensate for revenue they have lost as a result of lower default charges and rising bad debt, according to new research.
This Is Money: Brits Are Europe’s Debt-kings
Britons are responsible for a third of all unsecured debt in Western Europe, and on average borrow twice as much as their Continental cousins
This Is Money: Record Level Of Young Insolvents
Record numbers of people under 30 are going bust after racking up massive debts on credit cards
Motley Fool: A Monster Guide To Student Finances
You know all those habits your parents have that annoy you so much? The ones that make you desperate to get out of the house and into student accommodation? Well, one day you could be humming annoying songs just like your pa does. One of my colleagues wrote recently that some behavioural psychologists reckon it can take just four weeks for a behaviour to become a habit, which, by definition, is hard to reverse.
This Is Money: Bailiffs ‘law Unto Themselves’
Private bailiffs that collect unpaid council tax bills have been branded a ‘law unto themselves’ by the Citizens Advice Bureau