Researchers at Ohio State University studied the IQs and financial situations of around 7,500 people in 2004, and found “no relationship” between being smart and being wealthy. Indeed, among the thousands interviewed as part of the study, six per cent…
Continue reading the "‘No link between debts and intelligence’" »
W3 Debt Solutions recorded an increase of 183 per cent in the number of people in this particular age bracket opting for IVAs during the half-year until the end of February 2007, reports Lancashire Evening Post. Debts totaling thousands of…
With bank charges stretching further the finances of those facing debt management difficulties, the past three months have seen current accounts become a “new switching battle ground”, according to MoneyExpert. Figures from the price comparison service show a current account…
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It is widely expected that the Bank of England will increase the cost of borrowing in an effort to limit inflation and millions of credit consumers around the country look set to find it more difficult to find a debt…
Joint chief executive at the Hunters Property Group Kevin Hollinrake told the York Press that repossessions will result if the Bank of England opts to raise interest rates next month, a move he views as “extremely likely”. Credit consumers across…
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A study carried out recently by moneysupermarket.com suggests that not switching an arrangement away from a mortgage provider’s standard variable rate is leaving millions of British consumers out of pocket. On expiry of an introductory mortgage deal, providers commonly put…
Continue reading the "Brits ‘losing thousands on mortgage overpayments’" »
Finances are being tightened and debt management woes are mounting across the country, while the average household running cost now amounts to £11,035 each year, Sainsbury’s Bank research suggests. Essential expenditures for many people such as energy supplies and mortgage…
Continue reading the "Household costs ‘up 12% in two years’" »
Around 4.5 million Brits aged 55 or over have not made financial plans for their forthcoming retirement and many of these consumers could face debt management troubles as a result, research from Abbey Savings suggests. In addition, finding a debt…
Continue reading the "Abbey highlights “retirement timebomb”" »
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