Are We Sick Of Debt?
JULY 29TH, 2005
| Credit Cards (introductory rate & period) |
Typical APR | Options |
| Virgin Credit Card 0% balance transfers, 13 months ( 2.9% balance transfer fee ) 0% purchases, 3 months |
15.9% (variable) |
 |
| Post Office Credit Card 0% balance transfers, 8 months ( 2.5% balance transfer fee ) 0% purchases, 3 months |
14.9% (variable) |
|
| Personal Loans | Typical APR | Options |
| Moneyback Bank Personal Loan | 5.7% | |
| Northern Rock Personal Loan | 5.8% | |
June has seen a slow down in consumer credit and mortgage lending according to the Bank of England's figures.
In June consumer credit grew by £1.28 billion which was a drop of £400 million on the previous month of May.
We slowed our spending on credit cards shown by the smallest monthly rise for four years, rising by only £335 million.
Mortgage lending rose by £7.5 billion in contrast to £8 billion for the month of May.
This is pointing to the fact that we are now changing our opinions of our debt and looking at better ways of managing our finances.
Here are Money Watchdog we are pleased to see that the UK are looking at ways of managing their debt. There are many ways such as making sure you are paying 0% on your credit cards by transfering your balance from a high interest credit card. Browse the website for more money saving tips.
