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GOING BANKRUPT? |
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The number of people declaring themselves insolvent over the next three months will soar following Christmas over-spending.
Grant Thornton said it expected 30,000 individuals to become insolvent during the first quarter of 2007.
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SPIRALING CREDIT CARD DEBT |
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Total credit card debt in October 2006 was £55.4bn. According to the BBA the proportion of credit card balances bearing interest was 75.3% in September 2006.
The average interest rate on credit card lending is currently 16.99%, 3.4 million credit cardholders in the UK regularly make only the minimum repayment on their credit card.
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Here you will find simple explanations of the different lending options available to UK residents, whether you are a homeowner or not.
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