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Latest Debt Management News and updates from Debt Advisory Line
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Virgin Money to charge for its bank account
Thu 11th Mar 10 - 15:35
When Virgin Money launches on the high street in London and Edinburgh at the end of the year it's current account customers will be charged a monthly fee. The fee has not yet been disclosed.
Head of Public Relations for Virgin Money, Scott Mowbray said: 'It is in our plans,…
Government backed Insolvency Service increase fees by 25 per cent
Mon 8th Mar 10 - 12:54
Going Bankrupt will cost almost double from 6th April 2010...
Bankruptcy petition fees from the Government backed Insolvency Service will increase from £360 to £450 from 6th April 2010. This basic fee increase equates to 25 per cent and there will also be an additional court fee of £150. The…
Value of debts written off by UK banks up by over 25 per cent
Fri 5th Mar 10 - 12:18
The value of debts written off by UK banks shot up in 2009 from a total of £6.9 billion in 2008 to £9.3 billion in 2009.
The debts written off include £4.12 billion in credit card debt, up from £3.2 billion in 2008. The total of 'other loans' written off…
The Limit on contactless card payments increases to £15
Thu 4th Mar 10 - 16:14
The payment limit was raised on contactless cards yesterday to £15 per total purchase. This includes credit cards and debit cards using the new 'contactless' technology which allows customers to swipe their card to pay for purchases of £15 or less without entering a PIN or providing a signature.
It…
UK credit card debts left to pile up
Wed 24th Feb 10 - 17:03
The credit report and credit checking web site Equifax says that more than 1 in 3 of us let credit card debts pile up; a situation that could lead to serious debt problems in the future.
Equifax say this dependence on credit could have serious cost implications on family budgets…
Further articles from Debt Advisory Line
- Ex Government Advisor says credit card interest rates are excessive - Mon 22nd Feb 10 - 16:48
- ‘Missing’ credit report information could affect your ability to get credit - Fri 19th Feb 10 - 11:30
- Highest Credit Card Interest Rates since 1998 - Wed 17th Feb 10 - 14:32
- Mortgage applications up 14% in January - Mon 15th Feb 10 - 12:11
- House prices rise by another 0.6%, the Halifax says - Tue 9th Feb 10 - 13:35
- Warning of non DEMSA registered Debt Management companies - Fri 5th Feb 10 - 16:28
- Collective UK personal debt hits £1.46 trillion - Thu 4th Feb 10 - 10:00
- Every day 1,995 people are made redundant... - Wed 3rd Feb 10 - 10:04
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