British parents accumulate an average of £1,140 in debt during the 12 months immediately after the birth of their first child, a new study has discovered. Debt management problems add to the difficulties of being a new parent and many…
Rates of interest attached to unsecured personal loans are continuing to increase throughout the UK, according to figures from Moneyfacts. The financial comparison firm describes rates on unsecured loans as having “taken a battering”, noting that nine money lenders have…
Four out of every five people aged between 18 and 24 in the UK have some form of debt, according to recent research. Data collected by YouGov on behalf of the charity group Rainer suggests that the vast majority of…
A spokesperson for the Association of British Credit Unions (Abcul) has warned that many people around the country could be risking serious debt management problems by borrowing money via a credit card. Lucia Webster, who is Abcul’s head of membership…
The Bank of England is likely to maintain the cost of borrowing at its current level when its monetary policy committee meets on Thursday October 4th, according to one expert economic observer. Lloyds TSB Corporate Markets’ chief economist Trevor Williams…
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Ed Balls, the secretary of state for children, schools and families, is set to make the case for ensuring young people around the UK gain the financial skills they need. Mr Balls is to address delegates at an event being…
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The number of retired Britons who enter bankruptcy on has been soaring in recent years, according to the latest figures. Research by the Wilkins Kennedy accountancy firm, shows that close to 8,000 pensioners have been declared insolvent during the past…
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The perception that bankruptcy leads to social stigma still puts many people off the option as a way of finding a debt solution, according to one expert. Nick O’Reilly, vice president of the Association of Business Recovery Professionals (R3), suggests…
Continue reading the "‘Stigma still puts Brits off bankruptcy’" »
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