The majority of British consumers would consider entering an Individual Voluntary Arrangement (IVA) as a way to resolve their debt management problems, according to recent research. Figures compiled by YouGov on behalf of moneysupermarket.com show that more than half of…
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Costs associated with sending children to school are putting a significant financial burden on parents around the UK, according to a recent study carried out by Citizens Advice. As debt management problems increase for households nationwide, the charity reports that…
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Borrowing money from or to friends and family can often lead to debt management problems for all concerned, one expert has warned. Stephen Rose from the Debt Advice Bureaux suggests that there are financial risks involved with lending to friends…
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A report from the consumer group Which? has highlighted some of the ways credit card providers are aiming to increase their revenues. Which? describes the methods used by financial service firms to raise revenues, including low usage fees and unclear…
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The national charity Citizens Advice has welcomed plans that will see schoolchildren aged 11 to 16 around the UK taught how to manage their money. It is hoped that the “economic wellbeing and financial capability” lessons will lead to a…
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Recent research has suggested that young British consumers are the most likely to be fearful of rises in the base rate of interest. According to a study carried out by ICM Research on behalf of Intelligent Finance, a full 40…
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An increasing number of homeowners around the UK are remortgaging their properties in an effort to become debt free , one expert has asserted. Sue Anderson, head of member and external relations for the Council of Mortgage Lenders (CML), suggests…
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As debt management problems increase for consumers around the country, a new report has predicted that millions of Britons will face serious financial difficulties during retirement. Figures from Aegon suggest that a full 22 million people in the UK can…
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