UK Finance News

Living now and paying for it later may not have been the slogan of the boom times that grew out of the 1970s and 80s and as we all became more prosperous in latter years, spending money that we never had in the first place became something of an art form in the more recent [...]

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Research published on behalf of CreditExpert from Experian suggests that over half of young people between the ages of 18 and 34 years old would describe there spending as ’spontaneous’, while over a third admit to using their credit card as a buffer, before pay day.
In keeping with the results over a third (34%) of [...]

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The infographic above is supplied by Wonga and demonstrates how wiespread the credit card disease is in the UK.

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Debt management company Gregory Pennington has reminded borrowers of the importance of good planning when borrowing money, after recent research found that almost one in seven credit card users have owed money on their card for more than five years.
Over one in four (41%) have had debt outstanding on their credit card [...]

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It’s undeniable that the consumer credit industry is a major one. More than a billion credit cards with a VISA logo can be found in active use on planet earth, and the total global consumer debt has reached multiple trillions. It’s an industry so booming that it has spawned other massive industries in its wake.
Debt [...]

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