Archive for September, 2010

MORE than four in ten UK adults run out of wages before payday, research from insolvency body R3 has revealed. Of those who said that they often or sometimes ran out of cash before the end of the month 35% said that having to make credit card payments contributed to the struggle to make wages [...]

BARCLAYS is top of a list of five high street banks most likely to wrongly reject their customers’ complaints against them, according to new figures from the Financial Ombudsman Service. Of the big credit card providers, Egg and Capital One fared poorly with a high percentage of complaints about both resolved by the ombudsman in [...]

LLOYDS Banking Group received 288,717 complaints from customers from the start of the year to the end of June, 1,850 complaints every working day. Lloyds attracted more complaints than the other banking brands within the Lloyds Banking Group including Bank of Scotland and Halifax. Just 12% of complaints received by the banks resulted in a [...]

Insolvency firm R3 has highlighted the extent of the debt relief situation facing many Britons currently, with one in ten regularly struggling to reach pay day with any cash left. President of the organisation Steven Law claimed that people’s addiction to credit cards is a major factor in the financial troubles that are experienced throughout [...]

Over 90% of Brits are aware of their own personal financial position and the level of debt they currently carry, according to research issued today by accounting software company, Accountz. The survey, conducted prior to the recent announcement that 6 million of us now owe the taxman a staggering £2 billion in underpayments, found that [...]

RECENT figures produced by GFK NOP reveal that retirees are in a record amount of credit card debt. Unlike younger credit card users, pensioners are spending more on their plastic than ever before and are more likely to let their spending accrue interest, too. In June of this year alone, retired people spent an average [...]

The Citizens Advice Bureau has said the level of debt is growing so quickly in Northern Ireland that it is struggling to keep up with demand for help. Its report ‘Dealing with Debt 2009/10′ shows it helped more than 2,500 people with over £33m of debt in 2009 – an increase of 7% on the [...]

Despite continuing difficult trading conditions, the number of businesses going bust dropped last month. The number of company failures fell 13.2pc in August compared with the same period the previous year, according to data from Equifax. Although the number of retail businesses going under fell 9.6pc compared with last year, when compared with July this [...]

Although still better off overall, people living in the south of the UK have been hit the hardest by the economic downturn, says independent market analyst Datamonitor. The south, and London in particular, has witnessed a severe reversal of fortune during the recession with its affluent population decreasing by nearly half a million, according to [...]

As a new university year starts Equifax, the leading instant online credit information provider is urging students to keep an eye on their finances, as it’s all too easy to slip into serious debt. "According to the latest figures, students who started university last year will owe around £23,200 when they leave and this year’s [...]