Britannia found that poor debt management means that “millions of Britons have no control of their finances”. Tim Franklin, director of the building society’s member business, said: “A lot of people have a tight rein on their finances – but…
Continue reading the "Pay day splurging" »
New figures from Axa show that the average pensioner will spend £346 on presents this year, 21 per cent more than in 2005. To pay for this, some 900,000 (eight per cent) are set to turn down their heating or…
Continue reading the "Pensioners getting in debt for ‘tasteless’ gifts" »
With the risk of debt this brings, 11 per cent of children said that they would rather that their parents invested the money in savings, according to Liverpool Victoria. Nigel Snell, Liverpool Victoria’s corporate communications director urged proper debt management…
Continue reading the "Christmas costs parents£1.8bn" »
While his rivals can be wary of the arrangements, Sir Fred said that they are an ideal debt solution, speaking as the RBS announces that it expects decrease in cases of bad debt. “IVAs are used by people in financial…
Continue reading the "RBS chief praises IVAs" »
According to Co-operative Insurance (CIS), 57 per cent of Britons aged between 25 and 34 do not have either the savings or the insurance in place to cover their essential spending if they were to lose their principal source of…
Continue reading the "Debt risk forces young ill to work" »
According to the Daily Mail’s analysis of Gordon Brown’s pre-Budget report, the average council tax rise will be 5.8 per cent, meaning that people should start their debt management plan now. “That would equate to a rise of more than…
Continue reading the "Council tax debt warning" »
According to its research, 59 per cent of shoppers leave gifts in cars, often in sight of potential thieves in their car, while 68 per cent leave receipts in the bags with the goods. This makes it hard for them…
Continue reading the "£2bn Christmas debt risk" »
Trevor Williams, UK chief economist at Lloyds TSB, said that while the MPC believed a rise in the rate and thus an increase in the amount of repayments on loans and mortgages linked to it would improve debt management, this…
Continue reading the "November interest rate rise ‘had no effect on debt levels’" »