In a new survey by CreditExpert.co.uk, 12 million people from the UK will be flying off to the sun this summer to avoid the good old British weather despite falling in to debt as a result.
More than 25% of those surveyed admitted to using their credit cards, taking out a loan or ramping up their overdraft in order to 'catch some rays' whilst 6% said that they habitually go into the red to fund their holiday experiences. Indeed, 18% only checked the cost of the holiday when they got home having not kept a track whilst away.
Unfortunately, the debt will still have to be serviced and many will decide to take out a debt consolidation loan to make it easier to manage their repayments as a result.
For more information, hints, tips amd money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
I intend to live forever - so far, so good
Showing posts with label bad debt. Show all posts
Showing posts with label bad debt. Show all posts
Friday, 1 June 2007
Monday, 28 May 2007
Shopping - Stress Relief For The Masses
One in four Britons shop to relieve stress despite rising personal debts - a new report by the research company YouGov for the charity The Retail Trust reveals (Reuters, London).
The survey covered 2500 respondants and 18-24 year olds were found to be the most likely to do so than any other age group and people employed in the service industries such as hotels or restaurants are almost twice as likely to alleviate stress in this way compared with people employed in other industries.
10% of supermarket workers now owe more than 100% of their annual income in personal debt with men more likley than women to owe money. The knock on effect is a potential meltdown if the economy slows, leaving many people on the brink of financial ruin.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
How's Your Job...
Q. How's your job at the crystal ball company?
A. I'm making a fortune.
The survey covered 2500 respondants and 18-24 year olds were found to be the most likely to do so than any other age group and people employed in the service industries such as hotels or restaurants are almost twice as likely to alleviate stress in this way compared with people employed in other industries.
10% of supermarket workers now owe more than 100% of their annual income in personal debt with men more likley than women to owe money. The knock on effect is a potential meltdown if the economy slows, leaving many people on the brink of financial ruin.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
How's Your Job...
Q. How's your job at the crystal ball company?
A. I'm making a fortune.
Friday, 18 May 2007
Silver Debts - OAP's In Credit Crisis?
A new survey by Key Retirement Solutions shows that old aged pensioners are struggling with unsecured debts - the average 60 yr old now owes £35,000 in unsecured credit.
Out of the 4620 pensioners questioned, some 63% have unsecured debts but adding average mortgage debts of £31,000 takes the debt spiralling up to a whopping £66,000 and all of that on a pension!
In another complimentary report from financial education charity, Credit Action, debt was found to be rising among the elderly faster than with any other age group.
With more people taking debts into retirement and still a large percentage of the population not saving adequately for retirement, there could be some problems on the horizon in the coming years.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Fitness thoughts...
My grandmother started walking five miles a day when she was 60. She's 97 now & we don't know where the hell she is!
Out of the 4620 pensioners questioned, some 63% have unsecured debts but adding average mortgage debts of £31,000 takes the debt spiralling up to a whopping £66,000 and all of that on a pension!
In another complimentary report from financial education charity, Credit Action, debt was found to be rising among the elderly faster than with any other age group.
With more people taking debts into retirement and still a large percentage of the population not saving adequately for retirement, there could be some problems on the horizon in the coming years.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Fitness thoughts...
My grandmother started walking five miles a day when she was 60. She's 97 now & we don't know where the hell she is!
Monday, 7 May 2007
Personal Insolvencies Hit Record High
Oh dear! More bad news I'm afraid. In a report out today by Matt Falloon of Reuters (London), more than 30,000 people fell into bad debt in England and Wales in the first quater of 2007.
With interest rates likely to rise again next week, analysts are predicting further problems as more and more people find it impossible to meet their financial obligations. With the rate of insolvency now standing at around 330 people per day, this represents a rise of 25% over one year ago and the highest figure ever recorded.
Brits are apparently amongst the most indebted in the world with now over £1 trillion of debt (in all forms) currently owed. With an appetite like that, it is easy to see why personal insolvencies are at an all time high.
If you find yourself in this situation, it is a good idea to act as fast as you can and there are quite a few options for you to consider. For more information on the subject, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "Is this seat empty?"
Woman: "Yes, and this one will be too if you sit down."
With interest rates likely to rise again next week, analysts are predicting further problems as more and more people find it impossible to meet their financial obligations. With the rate of insolvency now standing at around 330 people per day, this represents a rise of 25% over one year ago and the highest figure ever recorded.
Brits are apparently amongst the most indebted in the world with now over £1 trillion of debt (in all forms) currently owed. With an appetite like that, it is easy to see why personal insolvencies are at an all time high.
If you find yourself in this situation, it is a good idea to act as fast as you can and there are quite a few options for you to consider. For more information on the subject, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
Good comebacks...
Man: "Is this seat empty?"
Woman: "Yes, and this one will be too if you sit down."
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