Positive changes in attitudes towards money as a result of the recession are not expected to last, an insurance group has warned. Research from Aviva revealed that, although lifestyle alterations were made to save funds, just 35 per cent of…
Claims management companies (CMCs) have been dismissed by consumer champion Which? as a poor way for Britons to lower their debt levels. CMCs offer debtors the chance to discount outstanding debt on credit cards and loans using legal loopholes in…
Those currently out of work could find themselves paying more for products such as home insurance, a comparison website has warned, suggesting that those in debt could find their situations worsening as a result. According to Confused.com, many people remain…
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New students could find themselves leaving university with greater levels of debt if the Conservatives implement plans to increase the amount of fees paid by those attending higher education institutions. The party has indicated that it is to consider raising…
Lack of trust in the financial sector and the quality of the products on offer are leading to an increase in supermarket lending, an expert has said. Head of personal finance at lovemoney.com Ed Bowsher noted that services provided by…
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An increasing number of elderly debtors are turning to equity release as a way to reduce their arrears, new research has indicated. Figures from the Key Retirement Solutions Equity Release Market Monitor revealed that 36 per cent of borrowers choosing…
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The Association of British Insurers (ABI) has launched an initiative to encourage more responsible attitudes towards money by people in order to help them better protect their finances and steer clear of falling into too much debt. Stephen Haddrill, director…
Women owe more money to creditors than men, according to a new study by Scottish Widows. The pensions firm found that females have £12,156 non-mortgage debt on average compared to £11,080 for their male counterparts – a difference of more…
Continue reading the "Women in more debt than men, research shows" »
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