If consumers are not educated about financial management in their younger years then they could be at greater risk of suffering debt problems when they are older, it has been suggested. Nicky Goulder, director and co-founder of charity Create, explained…
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A growing number of people are concerned about debt, according to new figures. The British Retail Consortium (BRC) conducted a poll that found 15 per cent of people say this area is their biggest worry at the moment, an increase…
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Those paying high interest and charges on their overdraft debt should seek out better deals from other current account providers, one expert has said. Head of banking at moneysupermarket.com Kevin Mountford stated that in the difficult financial climate consumers should…
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Quotation searches should be used by all lenders in order to increase transparency and ease consumer concerns about shopping around for deals, it has been suggested. TheMotleyFool.co.uk’s director David Kuo said that he thinks the process, which is used by…
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The majority of consumers have not considered what would happen to their finances and debt should they suffer from an illness that leaves them without the mental capacity to cope, a survey has revealed. According to a study by the…
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Changes to the benefits system may provide much needed help to those debtors with young families. This is according to Citizens Advice, which noted that – as of Monday (November 2nd) – those who rent their homes and receive child…
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The implementation of a new lending code, which is due to come into effect on November 1st, will better protect consumers in their borrowing activities. This is the opinion of Robert Skinner, chief executive of the Lending Standards Board (LSB),…
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An increasing number of Britons are turning to credit unions to help them save funds for Christmas expenses because they “offer local people a well-trusted financial solution”. This is the opinion of Mark Lyonette, chief executive of The Association of…
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