{"id":58258,"date":"2012-01-08T05:58:01","date_gmt":"2012-01-07T22:58:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/five-steps-to-reduce-debt\/"},"modified":"2017-06-18T08:11:26","modified_gmt":"2017-06-18T01:11:26","slug":"five-steps-to-reduce-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/five-steps-to-reduce-debt\/","title":{"rendered":"Five steps to reduce debt"},"content":{"rendered":"


\nFour in 10 people use their credit cards to pay for groceries, while others are driven to debt just to cover the mortgage. So if you have to borrow, here’s how to be clever about itMore than 12 million people will be running up debts on their credit cards to fund day-to-day living costs to see them through January. High levels of inflation, particularly for essentials such as car fuel, food, gas and electricity, combined with real-terms salary cuts, mean that many households have started 2012 with a shortfall, according to the fifth annual Post Office Consumer Credit report.More than four out of every 10 people will rely on their credit card to buy groceries this month, 10% will meet outstanding Christmas costs and debts with plastic, while 7% will use a card to pay domestic bills. Continue reading…
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\nSource : theguardian.com
\nRead more…Five steps to reduce debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Four in 10 people use their credit cards to pay for groceries, while others are...<\/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-58258","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-f9E","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":58258,"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":40378,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-a-financial-cliff-edge-how-britain-fell-back-in-love-with-credit-cards\/","url_meta":{"origin":58258,"position":1},"title":"'It's a financial cliff edge': how Britain fell back in love with credit cards","date":"January 11, 2017","format":false,"excerpt":"\r Consumers 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115664,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/have-you-deferred-paying-your-mortgage-or-credit-card-debts\/","url_meta":{"origin":58258,"position":2},"title":"Have you deferred paying your mortgage or credit card debts?","date":"April 16, 2020","format":false,"excerpt":"\r One in nine households is taking a mortgage holiday. If you are among that number and have concerns, let us knowWhen the coronavirus crisis hit, lenders in the UK were told to help their customers by allowing them to suspend payments of mortgages, credit cards and personal loans for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39919,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-tackle-your-debts-if-you-overspent-this-christmas\/","url_meta":{"origin":58258,"position":3},"title":"How to tackle your debts if you overspent this Christmas","date":"January 7, 2017","format":false,"excerpt":"\r Do you need a fiscal health check \u2013 or to seek professional advice \u2013 over debt? It\u2019s better to do so as soon as possibleBrits piled on the debt in the run-up to Christmas, official data showed this week, and some of us will inevitably be left nursing a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9896,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/struggling-generation-rent-is-being-driven-into-debt\/","url_meta":{"origin":58258,"position":4},"title":"Struggling generation rent is being driven into debt","date":"April 4, 2016","format":false,"excerpt":"\r Figures from charities reveal how people unable to get on the housing ladder are under pressure from overdrafts, loans and arrears in rentWith a soaring number of tenants falling into financial difficulties as they battle increasing rental costs, charities have identified a \u201cworrying trend\u201d of escalating debt for those\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81404,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/struggling-credit-card-holders-could-save-1-3bn-under-new-rules\/","url_meta":{"origin":58258,"position":5},"title":"Struggling credit card holders could save \u00a31.3bn under new rules","date":"February 27, 2018","format":false,"excerpt":"\r More than 3 million people could see debts moved to cheaper loans or written off, says FCAStruggling credit card holders could save up to \u00a31.3bn a year under new rules that could see some switched over to cheaper personal loans and others having their interest and charges written off.The\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\/58258"}],"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=58258"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/58258\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=58258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=58258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=58258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}