A six-month debt of £1,000 that cost £69.25 in 2008 now comes at a price of £76.63, online comparison company Moneynet.co.uk has revealed. The average interest rate on an authorised overdraft in February 2008 was 13.85 per cent and it…
Continue reading the "Overdrafts cost 10% more, study shows" »
The recession may have made people more aware of the need to avoid debt problems, as research has shown monetary issues are becoming more important. According to AA Financial Services, Britons are saving more now that at the same time…
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British households could be facing greater money worries, as research has indicated that many people are struggling to keep up with rising costs. According to a study by Markit and YouGov, growth in incomes is being outpaced by increases in…
Continue reading the "Money worries created by rising cost of living?" »
A growing number of people are facing the need for debt help as a result of the recession, figures have shown. Citizens Advice noted that difficulties in paying fuel bills are among the most common problems, with rent arrears also…
Over three-quarters of parents have downsized their family expenditure to avoid falling into debt as a consequence of the current economic climate, a study has shown. A survey by LV= found that 77 per cent of parents have cut back…
Parents could be running the risk of sinking in to debt after a survey revealed that bringing up a child from birth to the age of 21 is likely to cost them in excess of £200,000. The annual study conducted…
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Customers need to be looking after themselves as credit card rates continue to rise, an expert has noted. Chris Tapp, director of credit action, remarked that although the public need to be helped along with their finances, the ultimate responsibility…
Continue reading the "Debt responsibility ‘should remain with the customers’" »
Barclays has upped its overdraft rate for the second time in six months, a rise that may anger people already in debt. Around two million customers will be affected by the move from April onwards, according to thisismoney.co.uk. Former students…
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