Sunday, May 6, 2007

UK suffers financial crisis...

  • One in three of us failed to save a penny during 2006
  • Half the population (52%) could survive financially for just 17 days, should they suffer an unexpected loss of income
  • 15 per cent of 18 to 24- year-olds think an individual savings account (ISA) is an iPod accessory
  • A quarter of Brits (25%) have no idea how much they spend in a week
  • Banks and building societies will hand out £1 billion every day this year in the biggest-ever home loan bonanza in Britain
  • It has been estimated that in 2005 banks & finance companies sent 1.26bn items of junk mail such as credit card offers and invitations for loans
  • 3.4 million credit cardholders in the UK regularly make only the minimum repayment on their credit card
  • Britain's personal debt is increasing by £1 million every 4 minutes
  • repossessions are predicted to grow from 17,000 in 2006 to 38,900 by 2009
  • The number of County Court Judgments (CCJs) increased for the second year running
  • Almost 300 people are becoming insolvent each day...
Full details [here]

1 comment:

Achima Abelard said...

We would like to acknowledge the exceptional service that we received during the entire refinancing process. Mr Lee professionalism and knowledge of the loan company was impressive and truly appreciated. Mr Lee is a reliable loan officer.In the past, we have had experience with several others banks and have found the process frustrating and tedious. Mr Lee went above and beyond to ensure that all of our needs were met and that everything was handled thoroughly and efficiently. We have and will continue to recommend him in the future.”Mr Lee Contact Email /Whatsapp 247officedept@gmail.com +1-989-394-3740