Debts on credit cards that amount to between £1,800 and £2,000 may take more than ten years to clear, if just minimum repayments are met. This is according to This is Money’s Simon Moon, in response to a reader’s letter…
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Mortgage borrowers in the UK are to be better protected under new Treasury proposals that will see the Financial Services Authority (FSA) regulating third-party sales of mortgages. A consultation document is to be published by the government, to close on…
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Britons have been dealt a “bitter blow” by the Supreme Court’s ruling in favour of the banks as the court case between the financial sector and the Office of Fair Trading came to an end yesterday. Chief executive of consumer…
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The journey towards the end of debt management problems has only just begun, it has been suggested and attempts must be made to continually drive down the number of possessions each year. This is the opinion of Michael Coogan, the…
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An increasing number of Britons are concerned about their finances as it appears that the economic recovery will be a long and drawn out process. This is the opinion of Chris Tapp, director of national money education charity Credit Action,…
Britons have been offered a checklist of things to avoid in order to reduce yuletide costs and perhaps prevent themselves from sliding into debt. Price comparison website moneysupermarket.com suggested that people consider steering clear of store cards, despite the fact…
Those in debt have been advised that the secret to financial wellbeing is to “live within your means”. This is according to agony uncle The Credit Guy, or Todd Ossenfort, who advises people for website Creditcards.com. He suggested to one…
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Parents are cutting back their spending during the recession on items such as petrol, food and clothing, amid fears of falling into debt, but are giving their children more pocket money than ever before, it has emerged. Research conducted by…
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