Copyright © 2006
Card-Debt.co.uk
On these pages we analyse the news and views of the UK press on the debt industry, giving our own take on matters and helping our customers cut through the hype and understand the facts.
Will increasing levels of card debt and more repayment defaulters cause problems for the credit card companies?
With 9% of the average expenditure now going on debt repayments, consumers are experiencing ever rising levels of personal debt which some are struggling to maintain.
We look in detail at the latest figures to be released on credit card debt in the UK.
The Office of Fair Trading (OFT) has received a compliant from consumer group Which? about the misleading way in which credit card companies show their interest rates.
FSA issues warning after investigating insurance sales.
The Association for Payment Clearing Services (Apacs) has said that money stolen using credit, debit and store cards fell in 2006, mainly due to the introduction of the chip and pin system.
After increasing unabated for many years, recent reports suggest that debt built up on credit cards is now starting to come down.
Debt consolidation has been becoming a popular step to help many people get out of their ever increasing debt situations. How does it work?
Figures from the Department of Trade and Industry show a sharp increase in the number of personal insolvencies recorded last year, plus a rise in bankruptcies too.