Brits spend pound 34 billion each year on trips abroad, according to the latest research from Alliance and Leicester Personal Loans.
JP Morgan Chase, one of the biggest high street banks in the US, warned yesterday that over-stretched borrowers are struggling not just with their mortgages but also now with credit card bills and car loans.
The New Year heralds a fresh beginning when we can start over and put yesterday’s wrongs right. And the extraordinary past 12 months in personal finance have certainly given many of us good reason to review our actions.
The credit crunch struck again today as personal loans group London Scottish Bank warned that it is almost certain to have made a loss for last year, needs to raise money and could be unable to pay it final dividend.
Home owners and borrowers were given fresh hope yesterday after an unprecedented intervention in the faltering financial markets by the world’s largest central banks.
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