Callcredit: Consumers not taking responsibility for debts - Published:19/12/07
Moving financial records from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents insurance, warns NFU MutualAxa is initiation My Budget Day on November 21st in an effort to encourage people to take control of their financesnovel research by Callcredit reveals that 75 per cent of people believe over-indebtedness is not their faultA tenth of customers in London thought that individuals were to responsibility for getting themselves into debt The most accountable lenders were in the east of England, with 22 per cent claiming people should work out whether they can afford loans or credit before borrowingOwen Roberts, skull of Callcredit Consumer, supposed: "Instead of worrying about who is to responsibility, as individuals we need to take responsibility for our own monetary wellbeing"He advised that people in debt not only look at their borrowing habits but also get a copy of their individual credit report They should then position a repayment plan with their lendersAccording to Credit Action, sum UK personal debt is increasing by £1 million every four notes and had reached £138 trillion by the finish of September.
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Over-60s are having more problems with debt - Published:18/12/07
Moving accounts from one store to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents insurance, warns NFU jointAxa is launching My financial plan Day on November 21st in an attempt to give confidence people to take control of their financesPensioners are running into increasing amounts of trouble with loans and praise, says CallcreditThe credit orientation agency's research reveals that debt problems grew the best within the over-60 age group last year It predicts that it will be giving more pensioners credit assist than under-25s by the end of 2007"Take control of your finances by shopping around for the most excellent credit deals and frequently checking your credit report," says Mel Mitchley, debt expert at CallcreditShe advises consumers to get a copy of their credit report and labor out repayment plans for their loansCallcredit's research shows that more than 60 per cent of customers did not know how much they owed and 15 per cent admitted to having no ideaCredit act reported that total UK personal money owing reached £1,363 billion at the end of August 2007, growing almost ten per cent over the previous.
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Abbey: People could do more to improve finances - Published:14/12/07
Moving accounts from one bank to another is "simple", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" affect home contents insurance, warns NFU MutualAxa is initiation My financial plan Day on November 21st in an attempt to encourage people to take control of their moneySome 57 per cent of Britons have had their present account for ten or more years, which could mean they are missing out on the option of more competitive ratesAccording to new research from Abbey, the bulk of adults in the UK believe they are managing their finances well, although 18 per cent were found to have never switched current financial recordsConsequently, the bank states, people may not be taking benefit of various offers on the high road that could help them take charge of their financesThe research also found that 73 per cent check their account equilibrium at least once a week, while 63 per cent believe they be acquainted with each transaction that goes through their present accountIn addition, 72 per cent said they used the internet to do this, serving them to stay aware and keep a check on their equilibrium"It is clear that modern British society is more sure about managing its money," said Steve Shore, head of banking at Abbey, while emphasising the importance of searching for the most suitable explanation"Some present accounts now offer more competitive interest rates to customers with the best rates contribution up to 60 times better than the worst," he addedAbbey offers a number of present.
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