{"id":40378,"date":"2017-01-11T22:33:56","date_gmt":"2017-01-11T15:33:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-a-financial-cliff-edge-how-britain-fell-back-in-love-with-credit-cards\/"},"modified":"2017-01-11T22:52:21","modified_gmt":"2017-01-11T15:52:21","slug":"its-a-financial-cliff-edge-how-britain-fell-back-in-love-with-credit-cards","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-a-financial-cliff-edge-how-britain-fell-back-in-love-with-credit-cards\/","title":{"rendered":"'It's a financial cliff edge': how Britain fell back in love with credit cards"},"content":{"rendered":"


\nConsumers are partying like it\u2019s 2007 when it comes to credit. So how did we get to back to living on the never-never? \u2022 \u2018Debt is like fire\u2019: Marin Lewis\u2019s tips for managing your cardsFor more than half a million Britons, January provides the mother of financial hangovers. The darkness of the days is compounded by the need to trawl the internet to find a new home for credit card debts swollen by the Christmas spending orgy.For some it is an annual ritual that keeps their share of a \u00a3192bn unsecured consumer credit mountain ticking over and out of sight. But last week, alarm bells started ringing as official figures showed consumers racking up debt at a rate not seen since the spending frenzy that preceded the 2008 financial crisis. Continue reading…
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\nSource : theguardian.com
\nRead more…‘It’s a financial cliff edge’: how Britain fell back in love with credit cards<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Consumers are partying like it\u2019s 2007 when it comes to credit. So how did we...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-40378","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-avg","jetpack-related-posts":[{"id":76044,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-consumers-trapped-in-credit-card-debt-for-longer-than-thought\/","url_meta":{"origin":40378,"position":0},"title":"UK consumers trapped in credit card debt for longer than thought","date":"January 8, 2018","format":false,"excerpt":"\r Bank of England and financial watchdog found 89% of card debt was held by consumers also in debt two years agoBritish consumers are trapped by credit card debt for longer than previously thought, according to a study by officials at the Bank of England and the City regulator, as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1739,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/borrowers-watch-out-for-blue-monday-and-take-steps-to-get-out-of-the-red\/","url_meta":{"origin":40378,"position":1},"title":"Borrowers: watch out for Blue Monday \u2026 and take steps to get out of the red","date":"January 16, 2016","format":false,"excerpt":"\r It\u2019s that time of year when the Christmas credit card spending hits home. We look at the ways you can limit your exposure to high costsThis coming Monday is said to be the most depressing day of the year, dubbed \u201cBlue Monday\u201d as consumers battle not just the miserable\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50786,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/credit-card-firms-must-be-forced-to-help-those-in-persistent-debt-nils-pratley\/","url_meta":{"origin":40378,"position":2},"title":"Credit card firms must be forced to help those in persistent debt | Nils Pratley","date":"April 3, 2017","format":false,"excerpt":"\r Forget claims of nanny-state intervention \u2013 the FCA is right to intervene to help the millions languishing under long-term debtConcerns that the credit card industry creates, and then milks, over-indebted consumers are not new. It was as long ago as 2003 that Matt Barrett, then chief executive of Barclaycard\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58260,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-could-trigger-next-crash-says-thinktank\/","url_meta":{"origin":40378,"position":3},"title":"Debt could trigger next crash, says thinktank","date":"November 28, 2013","format":false,"excerpt":"\r Report suggests urgent action is needed 'to stop the UK sleepwalking into a major personal debt crisis'A growing band of credit-hungry consumers could trigger another financial crash in 10 years as banks, payday lenders and credit card companies add to the debts of low and middle income earners, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40380,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-is-like-fire-martin-lewiss-guide-to-using-a-credit-card\/","url_meta":{"origin":40378,"position":4},"title":"\u2018Debt is like fire': Martin Lewis's guide to using a credit card","date":"January 11, 2017","format":false,"excerpt":"\r As household debt rises to near 2008 levels, the Moneysavingexpert founder reveals his top tips for keeping your cards under control\u2022 \u2018It\u2019s a financial cliff edge\u2019: how Britain fell back in love with creditGet cashback Used wisely, credit cards can be a hugely powerful means of spending. If you\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11652,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/credit-card-borrowing-surges-to-11-year-high-in-march\/","url_meta":{"origin":40378,"position":5},"title":"Credit card borrowing surges to 11-year high in March","date":"April 29, 2016","format":false,"excerpt":"\r Debt charities to express concern as the amount of new unsecured lending to UK consumers reaches highest level 2005 The amount UK consumers owe on loans and credit cards grew by \u00a31.9bn in March, the highest figure in 11 years driven by a sharp rise in spending on plastic.Bank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/40378"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=40378"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/40378\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=40378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=40378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=40378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}