- The big bank break up and the 4th anniversary of the Northern Rock collapse.
- It's also the Trumpo Blogs 4th Birthday, no coincidence-born out of despair.
- Mon 12th Sep 2011
- Up to one in six European banks fail financial health check.
- It's a scary story, but what does it mean? surely not another run on a few banks?
- Tue 28th Jun 2011
- Welcome back moneybrain.com
- The trumpo team are pleased to welcome back an old friend.
- Mon 13th Jun 2011
Brits 'depend on credit cards'
Fri 11 Jan 2008 4pm
The UK is developing into a nation totally reliant on credit card spending, new research has suggested.According to findings from the Post Office, one in four British card holders are now more dependent on their plastic than they were at the start of 2007.
The survey discovered that overspending during the Christmas period has meant that people are particularly likely to resort to making purchases on credit at the beginning of the year, with 41 per cent of people using their card to buy everyday items in January.
Gary Fitton, director of lending at the Post Office, said: "Typically January is the time of year when people struggle with their money the most.
"Many people have overstretched themselves over the Christmas period and have little choice but to use their credit card in the new year."
Recent research by Abbey stated that over three billion people are planning to switch balances on their credit cards in the early stages of 2008.
