Thanks to IVA expansion, Becky Wilks, spokeswoman for National Debtline, said that banks are sharing information as they realise the scale of lending. “One move that has happened recently is that creditors have now said that they will exchange more…
Continue reading the "IVA growth ‘leading to better lending’" »
Moneysupermarket.com claims that Britons could save up to £2 billion on credit card debt interest in 2007 by applying for an interest free card now. Robert Kenley, head of credit cards at moneysupermarket.com, warned that consumers should exercise proper debt…
According to HSBC, delaying starting a retirement fund until the age of 30 can mean that a pension is half of what one could get if saving starts at 21. Ian Martin, head of pensions and retirement income at HSBC,…
According to Ernst & Young, an increase to five per cent is needed to control inflation, but this could push homeowners further into debt by increasing mortgage repayments linked to the Bank of England rate. Peter Spencer, chief economic adviser…
Yet most worrying news in the moneysupermarket.com report is that consumers are aware of the debt they are incurring by leaving items on energy inefficient modes yet still refuse to switch off. Saving energy is more likely than ever to…
According to Zurich, even more women expect others to provide for the future and risk a retirement of debt, with one in seven believing their other half will provide. However, Briton’s distrust of state provision means that many are creating…
Continue reading the "Twelfth of men lack solid plans for future" »
According to Debt Free Direct, while loans and credit approvals are falling, this is because people are struggling with existing repayments and have to take out an IVA. “We have long campaigned for government regulation that would ideally enshrine the…
Continue reading the "Call for conference over IVA growth" »
Skipton Building Society said that those looking for a home should start saving as early as possible, control their spending and look at debt management before committing to a mortgage. “Faced with industry figures – which put the average cost…
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