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In November 2004 the total amount of money borrowed by UK consumers was....?
£1 million
£1 billion
£1 trillion
£10 billion
What is the main cause of debt?
Sudden changes in circumstances
Sudden change in interest rates
Exceeding your overdraft limit
Fraud
Priority debts include things like....
credit cards
bank loans
rent, utilities and council tax
hire purchase
Not paying your mortgage can result in....
An increase in interest rates
Repossession
Redundancy
Imprisonment
Non-payment of electricity bills can result in....?
Increased costs
Damage to electrical goods
Items being taken
The supply being cut off
Your credit rating affects...?
The amount of repayments
Your ability to borrow money
The amount of tax you pay
The amount you have to pay back
People instructed by the court to recover money are known as...?
Police
Debt Collectors
Bailiffs
Money Lenders
Non payment of council tax can result in.....
Eviction
Court action, goods taken, imprisonment
Utilities being disconnected
Repossession
Not paying your TV license can result in
A fine up to £1000
Your TV being taken
Your electricity being disconnected
Eviction
Reminder letters are ususally printed in what colour ink...?
Blue
Black
Green
Red
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