‘MORE than 400 delegates will be discussing ways of tackling Scotland’s spiralling personal debt crisis at a major conference in Edinburgh.
The Citizen’s Advice Bureau Scotland is staging its annual conference at the Edinburgh International Conference Centre today and tomorrow.
It comes as the organisation revealed it dealt with inquiries relating to £151 million worth of personal […]
‘MORE than 3,000 Scottish youngsters are experiencing severe problems in paying the monthly interest due on credit cards and personal loans.
Authoritative new research from Consumer Credit Counselling Services (Scotland), the country’s main debt advisory service, indicates that young adults under the age of 25 now account for more than 10 per cent of an estimated […]
‘ROMANCE has well and truly died for a new breed of British couples who are staying in loveless relationships because joint mortgages and debt mean they cannot afford to move out, according to a new report.
As many as one in 20 couples are staying together because they claim they cannot afford to break up. They […]
(NPR) Host Jennifer Ludden looks at how the credit card industry markets to teenagers. Legally, banks may not issue credit cards to minors, but solicitations for cards often go out to kids under 18. It seems the card issuers are counting on parents to bail their kids out when they overcharge.
‘As young adults graduate into the real world weighed down by student loans and credit card debt, experts are increasingly concerned about the absence of financial education courses in high schools.
card companies have flooded college campuses, offering free T-shirts, no interest and spending power, and statistics celebrate their success.
Over the past decade, credit card debt […]
Jeremy over at The Wealthy Blogger posts some good Debt Consolidation Tips:
‘Debt consolidation is a concept that most people are aware of and often is a good idea. Basically when consolidating your bills or loans, you combine the total amount owed and make a single monthly payment instead of many smaller payments through out the […]
‘LAST night saw the draw of the largest jackpot in UK lottery history - £43 million on the Euro-Million draw. How many people were momentarily caught up in the dream of a life free from debt? A lot, I will warrant.
But while there will always be stories of people who put their last £1 on […]
‘At the end of April I managed to have no credit card debt, no student loans. Only a car note, rent and living expenses. I went to the University of Missouri on a basketball scholarship. I received a fellowship at SU for graduate school, but I still had about $7,000 in loans, and I had […]
‘BANKS were forced to write off record amounts of bad debt last year, new figures from the Bank of England are expected to show this week.
Concerns about soaring levels of consumer debt are likely to rise, particularly over the willingness of banks to give large loans to poorer households.
Write-offs in the fourth quarter of 2004 […]
‘Question | Is there anything I can do with my personal finances to blunt the impact - or take advantage - of rising interest rates?
Answer | Absolutely.
Consumers with variable-rate debt are particularly vulnerable to rising interest rates, whether that debt is tied to a credit card, a home equity loan or a mortgage.
A good idea, […]