It claims that of the 400 machines located at university premises, half charge a typical fee of £1.50, which adds 15 per cent to a withdrawal of £10. Stuart Bernau, executive director at Nationwide, said: “Students need to be particularly…
Due to increases in balance transfer fees, the cost of switching to an introductory offer of no interest means that “the vast majority of nought per cent balance transfer deals will become largely worthless,” a spokesman from the firm said.…
Continue reading the "Credit card balance transfers ‘mostly worthless’" »
According to the Datamonitor report, Britons’ loans and credit card debt total £215 billion and the average debt of £3,008 is twice the average for western Europe. This report comes out on the same day as a Visa report claims…
In the W3 Debt Solutions report, the amount of people in their 20s taking out an Individual Voluntary Arrangement (IVA) has soared by 90 per cent in half a year. “I am very concerned about the sharp rise in IVAs…
Continue reading the "Debt problems rise for twentysomethings" »
In Visa’s new shopping IQ test, Britons came last at researching products, second bottom at both trying new products and saving money and fourth from bottom at self-control. With such poor self-control of finances, it is hardly surprising that Britons…
Continue reading the "Britons worst for budgeting in Europe" »
According to the Royal Bank of Scotland, the average student at Birmingham University gets £152.50 every week from their parents to help with living costs and to clear debt that they accrue. However, not every student is lucky enough to…
Continue reading the "Students relying on parents to clear debt" »
According to Sainsbury’s Bank, personal loans to cover education costs are set to rocket this year as tuition fees near-treble to £3,000, yet many could add further to this debt by not shopping around for the best rate. “As students…
Continue reading the "Debt driving students to £54m in loans" »
According to Moneyfacts.co.uk, rising bad debt levels and a cap on late-payment fees means that many lenders are raising the interest rates on credit cards, increasing the time it takes for people to repay loans. “Rising bad debts and the…
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
