Don't Overspend - You May Turn a Dose of Recklessness Int to Crippling Debts ; Jeremy Gates Looks at the Nation's Money Issues, Including Tips On Managing Debt
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Summary
WILL the pounds 5bn which we splashed out on New Year sales - supposedly to beat the hike in VAT to 20% on January 4 - come to be seen as the high-water mark of our financial recklessness, before the bills arrived in 2011? The signs are ominous. Consumers start the new year with credit card debt totalling pounds 2.05bn.
Monthly payments on credit cards from the start of February could be pounds 150m higher, as a result of this latest burst of spending.See the full content of this document
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Don't Overspend - You May Turn a Dose of Recklessness Int to Crippling Debts ; Jeremy Gates Looks at the Nation's Money Issues, Including Tips On Managing Debt
Housing charity Shelter said this week that more than 2m people have already used credit cards to pay monthly mortgage or rent payments, which could threaten their homes in the event of illness or unemployment.
At The Money Advice Trust (MAT), the charity working to improve the quality of personal financial advice through free services l...See the full content of this document
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