Parents risk falling into debt as a result of the Christmas period, as new research has revealed that they are spending more than is affordable on entertaining their children at this time. Studies by internet bank Egg have found that,…
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Those struggling with debt management may find themselves coping better as a result of measures set forth by the government in its Pre-Budget Report, which was issued today (Wednesday). This is according to Jenny Saunders, the chief executive of National…
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Personal insolvencies may increase as a result of Christmas spending – and continue to climb throughout 2010 – one industry expert has claimed. According to the founder of financial blog MoneyStand.co.uk, Matt Spencer, many families in the UK will be…
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The number of mortgage products available for first-time buyers has reached its highest level since May, a fact that has been described as “encouraging”. According to mortgages channel manager at moneysupermarket.com Hannah-Mercedes Skenfield, a strong improvement in the market could…
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Britons have been advised to monitor their Christmas expenditure and steer clear of credit and store cards if possible. The warning comes from the Finance and Leasing Association (FLA), which found that, in December of last year, 25 per cent…
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New predictions have revealed that repossessions may reach 50,000 in 2010, although this is still lower than was originally thought. Commenting on the latest figures quoted by The Co-operative Insurance, Bernard Clarke of the Council of Mortgage Lenders (CML) said…
Families could find themselves at greater risk of falling into debt, as new figures have revealed that electricity bills may soon be hiked up. According to uSwitch.com, action by Ofgem will result in £4.30 a year added onto tariffs, although…
The government should be doing more to help both savers and borrowers, particularly those who have been worst affected by the economic downturn and low interest rates. This is according to the Building Societies Association’s (BSA’s) director general Adrian Coles,…
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