Latest news

Unsecured debt fell again in October

30 November 2012

We may be living through tough times, but the amount of debt we're carrying is actually falling. In fact, October saw UK residents' unsecured debts fall by half a billion pounds.

This was the third time in four months that people in the UK have repaid more than they borrowed - in terms of credit cards, overdrafts, unsecured loans, etc.

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Consumers still focused on paying off debts - BBA

23 November 2012

Consumers are strongly focused on paying off their debts, according to the BBA - as figures show that consumer credit repayments exceeded new borrowing in October.

Credit card lending exceeded repayments by £0.2 billion that month, but this was more than cancelled out by a £0.4 billion net repayment of personal loans and overdrafts.

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Half of us feel worse off than last year

16 November 2012

Around half the population feels worse off financially than they did a year ago, according to a recent survey.

It's something has been looking into since August 2010, when it began asking people how their finances had changed over the last 12 months.

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Editorial Team