August 2011
Consumer credit levels down in Q2
25 August 2011
The Finance & Leasing Association (FLA) published its consumer finance figures today, showing that overall consumer credit lending fell by 1% in Q2 and 3% in June, compared with the same periods in 2010.
Last year, FLA
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August household finances 'worse than in recession'
22 August 2011
The latest Markit Household Finance Index - an early indicator of 'actual changes in household finances each month' - indicates household finances are worse now than at the height of the recession in 2009, as reported by The Independent
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Student debt & the 'Bank of Mum and Dad'
18 August 2011
65% of parents are currently helping to fund their child through university or have plans to do so in the future, according to the latest research into student debt by the Association of Investment Companies (AIC) .
Nearly
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Half of UK dealing with debt worries
15 August 2011
47% of people are 'concerned' about their debts - showing a 7% increase compared with this time last year, research by R3 has found.
The insolvency trade body's Personal Debt Snapshot , a quarterly review of the nation's
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Third of British consumers have no spare cash
11 August 2011
The latest Consumer Confidence Survey, released today by Nielsen and the British Retail Consortium (BRC), reveals 32% of British consumers, the highest-ever percentage, have no spare cash.
The survey polled 31,000 consumers in 56 countries.
On a
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Bankruptcies fall to 2005 levels
8 August 2011
The Insolvency Service has released insolvency figures in the UK for the second quarter of 2011.
In the second quarter of this year, 83% of people who went bankrupt did so by petitioning for bankruptcy themselves .
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Insolvency Service launches new website
4 August 2011
The Insolvency Service has launched a new website, with helpful information, news and statistics about insolvency. You can visit the site here .
It could be very useful for anyone considering, or going through, insolvency, as well as
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Borrowers using savings to repay credit card debt
3 August 2011
Millions of people in the UK have been raiding their savings to repay credit card debts built up over the last few years. It's estimated nearly five million people have 'escaped credit card debt' in the last year alone, by
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