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  • Households add to debts and demolish savings to fund Christmas
    Despite subdued levels of spending across the year, household debts are now rising and savings are shrinking as Christmas approaches.   Lower spending has slowed the recovery throughout 2011, the Bank of England’s recent ...
    Mon 19th Dec, 2011
  • Business banking customers 'focused on paying off debts'
    Businesses are eager to pay off debts rather than continue lending, figures have shown. Business account holders are more interested in paying off debts as opposed to taking out loans in the current economic climate, new ...
    Mon 26th Sep, 2011
  • Expert: Focus on repaying debt harming wider economy
    The thrifty attitude of Britons could be harming the wider economy. The majority of UK residents are focusing entirely on paying down debts accrued on credit cards and personal loans throughout the recession at present.That ...
    Fri 23rd Sep, 2011
  • Affordable credit 'not the answer to debt'
    Affordable credit cards will not help resolve debt in the UK, an expert has said. Consumers struggling financially in the aftermath of the recession will not benefit in the long-term from the introduction of more affordable ...
    Thu 8th Sep, 2011 (1 Comment)
  • Parents 'should not be afraid to seek debt advice'
    Parents may need debt advice following the recession. Parents feeling the pressure due to issues such as credit card debt must not be afraid to seek professional counsel on how they can get their finances back on track.That ...
    Thu 11th Aug, 2011
  • Britons 'should focus on debt rather than saving'
    Consumers should prioritise paying off debts at present, it has been said. Britons should be more concerned with paying off debts they have accrued on finance options such as credit cards and personal loans than storing cash ...
    Tue 2nd Aug, 2011
  • Savings 'must be prioritised alongside credit card debts'
    People must save as well as pay off debts, a specialist has said. It is essential for people to continue storing cash in savings accounts such as ISAs even as they attempt to pay down debt.That is according to David Rodger, ...
    Fri 10th Jun, 2011
  • Expert: Clear debts before saving for retirement
    Consumers have been advised to clear debts before saving for their retirement. Clearing any debts accrued on credit cards or personal loans is vital prior to starting a pension fund, an expert has suggested.According to Sarah ...
    Wed 8th Jun, 2011
  • Savings account holdings 'dwarfed by debt obligations'
    Many people owe more than they have saved, an expert has said. Commitments made by families with savings accounts are often overshadowed by the financial obligations they have in paying off debts accrued on items such as ...
    Fri 27th May, 2011
  • People with credit card debt 'need better financial education'
    Britons with credit card debt should take better financial education, it has been said. Families across the UK need to be more proactive in their approach to manage debts they have accrued on finance options such as credit ...
    Fri 6th May, 2011
  • Expert: Debt can cause mental health issues
    Loan or credit card debt can cause emotional distress, it has been said. Concerns over debts on finance options such as personal loans and credit cards can have serious negative consequences on the mental and emotional ...
    Tue 12th Apr, 2011
  • CIPD urges employers to help workers with debts
    Workers in debt should be offered a helping hand by their employer, it has been said. Workers with financial problems due to debts they have accrued on personal finance options such as credit cards and personal loans could be ...
    Tue 29th Mar, 2011
  • Students 'should be offered more financial support to avoid debt'
    Universities should help their students to avoid excessive debts, it has been said. Students at university struggling to fund their lifestyle with their current account balance should be provided with greater levels of ...
    Tue 22nd Mar, 2011
  • Expert: Pay credit card debt off while saving interest rates are low
    An expert has said that paying off credit card debt is a good idea. People may be well advised to pay off debt on personal finance options such as credit cards as opposed to storing money in savings accounts like ISAs at the ...
    Fri 21st Jan, 2011
  • Debt problems 'set to worsen in 2011'
    More people may face debt problems in 2011, an expert has suggested. People may be better off opting to stretch their current account balance further as opposed to resorting to alternative financing options such as credit ...
    Tue 4th Jan, 2011
  • People with debt 'need to learn how to deal with their finances'
    An expert has spoken about debt in the UK. Consumers with debt on their credit cards or current account must learn how to deal with their financial issues more effectively in the aftermath of the global economic downturn.That ...
    Fri 10th Dec, 2010 (1 Comment)
  • Research: Many firms in business banking debt
    A study has found that many firms are overdrawn or owe money from loans. Many organisations with business accounts remain in debt to their bank and building society as the effects of the worldwide economic slump continue to ...
    Fri 10th Dec, 2010
  • Consumers 'trying to manage debt instead of saving'
    An expert has said that too many people in the UK are focused on debt repayments rather than saving. People in the UK have become less likely to store cash in savings accounts such as ISAs or fixed bonds due to their ...
    Thu 4th Nov, 2010
  • Consumers 'more likely to pay off credit card debt than save'
    An expert has said people prefer to pay off debts rather than save for the future. People are more likely to use their income to pay off debts on items such as credit cards and personal loans as opposed to putting funds into ...
    Wed 3rd Nov, 2010
  • Credit card and personal loan debt 'could increase further'
    An expert has said that Britain's "shockingly high" levels of personal debt could rise again. Personal debt in Britain is set to increase further over the next year as people continue to take out loans in order to ...
    Fri 2nd Jul, 2010
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