The number of people taking out bad credit or debt consolidation loans has increased, however it is generally believed that people are making mistakes with them. Statistics are showing that 3 out of every 5 people taking these loans out go on to run up even more debt. Figures have been produced by Fool.co.uk. Two [...]
Continue reading...9. May 2007
The latest Personal Credit Index survey from Experian’s Credit Expert service shows that people in the Midlands have seen a big rise in credit confidence. While levels of confidence were low in September 2006 at 92, the last two quarters have seen a rise to 109. The Personal Credit Index tracks consumer confidence and their [...]
Continue reading...8. May 2007
Consumers are becoming more comfortable with high levels of debt. That’s according to the Personal Credit Index survey from Experian’s Credit Expert service. Some six million Brits would not worry about their debts, excluding their mortgage, unless they exceeded £15,000. Included in this figure are 1.4 million people (5 per cent) who would only worry [...]
Continue reading...8. May 2007
The Council of Mortgage Lenders has commented on the current mortgage market. According to the CML the rise in inflation to 3.1 per cent took markets by surprise, causing them to re-evaluate the outlook for interest rates. Overall, inflation is still expected to fall. While it had been pushed up by food, furniture and furnishings [...]
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9. May 2007
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