Prepaid credit cards can help people stay debt free, according to Tuxedo, a company that offers such a product to the market. One of the benefits of using such a card is that no debt is taken on, according to…
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There are risks associated with spread betting as with any other form of trading, according to the chairman of a bet broker and clearing house. Wayne Lochner, chairman of Betbrokers, said that there will always be people that struggle as…
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Hobbyists across Britain are managing to avoid the need for debt management to enjoy their favourite pastimes, according to research from Friends Provident. The firm found that while around one in ten (nine per cent) of people spend more than…
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The Office of Fair Trading (OFT) has welcomed the news that HSBC is to offer information about going into debt through an overdraft at its ATM machines. A spokesperson for the OFT said that the information, which could help people…
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Consumers in the north-west of England are being granted access to a new source of impartial financial advice, thanks to the introduction of a three-month government-funded trial of Consumer Direct in the area. The service, which aims to help consumers…
The average level of mortgage debt among people aged between 25 and 34 in the UK almost doubled within ten years, according to the latest figures. A study by the National Centre for Social Research and the International Longevity Centre…
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The number of British consumers declaring insolvency is likely to have increased bythe time the latest official figures are released, according to one finance expert. Ian Gould, from the accountancy firm PKF, told the Birmingham Mail that he expects to…
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A number of mortgage lenders have increased their repayment demands, despite the Bank of England’s decision to maintain the base rate of interest earlier this month, it has been revealed. Louise Cumming, head of mortgages at moneysupermarket.com, notes that the…
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