For months, we were trigger-swipe ha y, putting our groceries, clothes, holidays and service
For months, we were trigger-swipe ha y, putting our groceries,
clothes, holidays and service charges on our credit cards.
We wanted mortgages, we took out loa , we watched Property
Ladder and What Not To Wear. Whether you were born middle
cla , had middle cla a iratio , you became middle cla
through your ending. Debt united people around the UK, we
sympathised with each other on what we couldnt afford but
it didnt matter, we still bought it. Soon everybody had a
bottle of Jaco Creek in their kitchen and olives and humous
in the fridge.
Yet, it would seem as if a debt co cience is setting in.
This morning, The Guardian printed a story based on the fact
that Nationwide had reported a 0.2% decrease in the average
house price, whilst the Times reported on a statement from
the Bank of England, showing that credit-card borrowing was
at its slowest rate for more than four years, with mortgage
lending also very static.
According to the latest Department of Trade and Industry
Survey, 5% of individuals reported finding their households
debt repayments a heavy burden and 4% of individuals are
currently behind in payments for at least one credit commitment
or domestic bill over the past three months.
According to Credit Action, in December 2004, 1.2 million
electricity and 1 million gas domestic customers were behind
in repaying their debts to their su lier. Additionally 20%
of people say that they often neglect checking their bank
balance because they are too scared to find out how much
money they have, according to Lloyds T .
Credit Action also reported that the number of people searching
for help to manage their debts had almost doubled in May in
2005, compared to figures in May 2004 and a survey from Relate
revealed that 44% of couples find money to be a contentious
i ue in their relatio hip and a quarter of people in debt
are receiving treatment for stre , depre ion and anxiety
from their GP.
It doe t have to be all doom and gloom however. If youre
lucky enough to have no outstanding debt, you can keep you
finances in shape by exploiting the services of sites such
as moneynet, which provide financial product price comparison
information and exte ive co umer information guides. If you
have any outstanding debts, you can seek advice from the
Co umer Credit Cou elling Service (CCCS) or Citize Advice
and financial comparison sites like lowermybills and moneynet
also provide detailed research on debt co olidation loa
and debt management.
Article written by Rachel Lane.
The article is refered from http://www.bbcok.com, http://www.worldloanpro.com, please go to read more.
clothes, holidays and service charges on our credit cards.
We wanted mortgages, we took out loa , we watched Property
Ladder and What Not To Wear. Whether you were born middle
cla , had middle cla a iratio , you became middle cla
through your ending. Debt united people around the UK, we
sympathised with each other on what we couldnt afford but
it didnt matter, we still bought it. Soon everybody had a
bottle of Jaco Creek in their kitchen and olives and humous
in the fridge.
Yet, it would seem as if a debt co cience is setting in.
This morning, The Guardian printed a story based on the fact
that Nationwide had reported a 0.2% decrease in the average
house price, whilst the Times reported on a statement from
the Bank of England, showing that credit-card borrowing was
at its slowest rate for more than four years, with mortgage
lending also very static.
According to the latest Department of Trade and Industry
Survey, 5% of individuals reported finding their households
debt repayments a heavy burden and 4% of individuals are
currently behind in payments for at least one credit commitment
or domestic bill over the past three months.
According to Credit Action, in December 2004, 1.2 million
electricity and 1 million gas domestic customers were behind
in repaying their debts to their su lier. Additionally 20%
of people say that they often neglect checking their bank
balance because they are too scared to find out how much
money they have, according to Lloyds T .
Credit Action also reported that the number of people searching
for help to manage their debts had almost doubled in May in
2005, compared to figures in May 2004 and a survey from Relate
revealed that 44% of couples find money to be a contentious
i ue in their relatio hip and a quarter of people in debt
are receiving treatment for stre , depre ion and anxiety
from their GP.
It doe t have to be all doom and gloom however. If youre
lucky enough to have no outstanding debt, you can keep you
finances in shape by exploiting the services of sites such
as moneynet, which provide financial product price comparison
information and exte ive co umer information guides. If you
have any outstanding debts, you can seek advice from the
Co umer Credit Cou elling Service (CCCS) or Citize Advice
and financial comparison sites like lowermybills and moneynet
also provide detailed research on debt co olidation loa
and debt management.
Article written by Rachel Lane.
The article is refered from http://www.bbcok.com, http://www.worldloanpro.com, please go to read more.
