In its bid to help consumers make better-informed decisions to avoid needless credit card debt, the association said that data sharing to help prevent over-indebtedness had increased. A summary box, as with credit card cheques, will be included by the…
According to MoneyExpert.com, PPI can be “an expensive add-on” that can make consumers accumulate excess credit card debt, with a £3,000 balance charging an annual fee of up to £540. Sean Gardner, chief executive of MoneyExpert.com, said that for those…
Looking at the fees major banks charge for going overdrawen, moneyfacts.co.uk found that the big four high street banks would add up to £30 of debt for anyone going £1 into the red for just one day. “While it cannot…
According to internet bank first direct, 53 per cent of adults are happy to talk about personal problems but only 22 per cent discuss debt worries. Television psychologist Mo Shapiro said: “Some people feel that they are defined by their…
In the Halifax report the average home spends five per cent of its disposable income, or £34.42 per week, on clothing, adding to credit card debt. Peter Jackson, head of products at Halifax, urged people to be careful with their…
According to Bradford & Bingley, within two generations parents will not be able to rescue children from debt due to financial problems of their own and the rising cost of property and university fees. Steve Potter, head of savings for…
According to the Lincoln Financial Group, 51 per cent of home owners claim that their house was their major pension asset. Ian Noble, head of strategic partnerships at Lincoln Financial, said: “We all know the phrase ‘safe as houses’ but…
The National Federation of SubPostmasters along with the Royal Bank of Scotland (RBS) and NatWest are to install up to 300 machines to allow free access to savings. Gordon Pell, chief executive of retail markets at RBS, said: “Lack of…
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