Brits focus on debt repayment

23/12/2009

British households are continuing to spend their money paying off debts, new figures have revealed.

The statistics from the British Bankers' Association (BBA) found that demand for new loans remains weak. Instead, consumers are aiming to build up savings or pay off existing credit.

According to the BBA, consumer lending dropped by an above-average £300 million in November, while the money paid into banks increased by £1.4 billion.

Continue reading; Brits focus on debt repayment

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• 03/12/2009 Post office to offer more financial services
• 02/12/2009 You can pressure your bank over transfers
• 01/12/2009 Record fall in consumer borrowing
• 30/11/2009 Lloyds to ask local courts to dismiss overdraft cases
• 25/11/2009 Increase in Credit Card withdrawal charges
• 25/11/2009 Supreme Court deal blow for bank charges
• 24/11/2009 Banks could be in store for 8 million more overdraft claims
• 19/11/2009 Court of Appeal close debt write off loophole
• 18/11/2009 Date set for bank fees decision
• 17/11/2009 1 in 4 people are hiding debt problems
• 16/11/2009 Campaign launched for better British banks
• 11/11/2009 Loan restrictions tighten for first time buyers
• 10/11/2009 Bad credit card debts 'will soar'
• 09/11/2009 Credit supply and demand 'will fall'
• 06/11/2009 Insolvencies rise to record high
• 05/11/2009 Consumers urged not to 'get bitten' by loan sharks
• 05/11/2009 Bank branches 'will become key battlegrounds'
• 04/11/2009 OFT to review debt management practices
• 02/11/2009 Complaints against lenders jump 40 per cent
• 29/10/2009 One in four ?wipe out your debt? firms, guilty of breaking the law
• 29/10/2009 Swinton fined £770,000 for mis-selling insurance
• 28/10/2009 Credit card companies will be forced to help customers under new laws
• 27/10/2009 Mortgage availability to improve
• 26/10/2009 Protected Trust Deeds in Scotland rise by 16 per cent year-on-year
• 20/10/2009 Buying lunch on your credit card could result in a debt management plan
• 19/10/2009 BBA warns consumers over claims handlers
• 15/10/2009 Debt management could ease Brits' stress
• 13/10/2009 Mortgage lending drops in August
• 09/10/2009 Ruling will tighten the screw on claims management firms
• 08/10/2009 Banks to make current account costs more transparent
• 07/10/2009 ASA bans advert for loan charging 2,356 per cent
• 07/10/2009 IMF warns of UK credit addiction
• 05/10/2009 Credit Action warns over pay-day loans
• 02/10/2009 Consumer credit choices shrink
• 01/10/2009 Doorstep lender's credit licence refused
• 01/10/2009 Recession has changed saving habits
• 30/09/2009 Firms told to re-examine rejected PPI complaints
• 29/09/2009 Struggling Brits turn to pawnbrokers for finance
• 22/09/2009 Insolvency on downward slope in August
• 21/09/2009 More and more Brits tackling their debt problems
• 15/09/2009 Debt still on the rise
• 08/09/2009 Drastic drop in overdraft fees for RBS-Natwest customers
• 07/09/2009 Bank complaints soar, FSA finds

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