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Household Debt Rising
Household debt has risen by more than 30 per cent to an average of £13,153 over the last three years according to figures from the Citizens Advice Bureau (CAB). Read more
Tories Use Provocative Language To Tackle Debt
The Conservative party has launched an anti-debt campaign that urges young people to “ignore their inner tosser” and cut out unnecessary spending to reduce the likelihood of serious debt problems. Read more
Staying In The Driving Seat
The financial crisis at car giant Ford, which is making tens of thousands of US workers redundant, has fuelled uncertainty in the North West/West Midlands/UK automotive sector. Read more
Biggest Day Of Your Life - And The Biggest Debt
If your loved one got down on bended knee to pop the question on Valentine’s Day, your thoughts might now be turning to the big day. Read more
Bosses Urged To Help Staff
Companies should offer support schemes to employees with personal debt problems as part of flexible benefits packages. Read more
HOUSEHOLD DEBT RISING
Household debt has risen by more than 30 per cent to an average of £13,153 over the last three years according to figures from the Citizens Advice Bureau (CAB).
The CAB, which is so busy that some of its centers are currently unable to take on new cases, has also voiced concern over the traditional festive spending spree. It is urging shoppers to limit their outgoings by following its top five festive shopping tips.
- Be realistic about what you can afford and budget for each present. Then stick to your limits.
- Shop with cash, not credit cards - avoid store cards as many charge close to 30 per cent interest.
- Don't feel pressurised by children to bust your budget.
- Don't run up an overdraft without talking to your bank.
- If you need credit, shop around for the best rate.
"A large number of the cases we see could have been avoided had the people involved exercised more caution when it came to spending. So whatever you do this Christmas, think before you spend."
Related links:
Citizens Advice Bureau
