Overspending Britons are responsible for a third of all unsecured debt in Western Europe, according to a report.
Figures from analysts at Datamonitor found that the UK consumer credit market hit £214 billion last year, making it the most indebted country in Western Europe.
The average Briton owes just over £3,000, almost twice as much as his [...]
Hundreds of thousands of homeowners missed mortgage payments last year, with young borrowers most at risk, a charity survey said on Wednesday.
The Citizens Advice poll found that 770,000 people fell behind with one or more payments, raising the threat of repossessions.
More than one in 10 aged between 21 and 24 said they had missed at [...]
Bad credit or adverse credit is a sign of danger for borrowers applying for loans. Bad credit attaches to you due to defaults made by you in repaying your debts on time. It can be due to unpaid bills, late payments, arrears, CCJ’s and IVA’s taken by you in the past and many such reasons. [...]
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