The charity says that a third of all working households with occupants under 40 cannot afford a home as prices rise and savings are hit by mounting bills and debt repayments. “Our analysis points to worrying prospects for those on…
With some credit card applications taking up to six weeks to become approved, Moneysupermarket.com is urging consumers to start creating a debt management plan now. Richard Mason, a director with the consumer finance website, told This is Money: “People always…
Continue reading the "Consumers urged to start saving for Christmas" »
The Consumer Council for Water Midlands (CCWater Midlands) has invited top representatives from water firms to give tips to customers on debt management. Sir James Perowne, chairman of CCWater Midlands, said: “I’m sure people will find it beneficial to gain…
Economic affairs spokesman Vince Cable said that both the major parties were “wholly silent” on the issue of personal debt, yet bankruptcy cases are rising. Speaking at the party’s conference, Mr Cable said that current debt levels affect the futures…
Britannia Building Society has admitted that it was unsuitable to sell a five-year bond to a 92-year-old, seriously ill man, the Daily Mail reports, but said that it would not discriminate against a customer due to their age. The Financial…
The warning was given after the bank’s report showed a sharp increase in living costs as debt and bill levels rise and inflation reaches a nine-year high of 2.5 per cent. Michael Saunders, chief UK economist at Citigroup, told the…
Help the Aged claims that two-thirds of people approaching their pension have no plans to fund their care, which can cost around £21,000 per year. However, the charity believes that poor debt management and financial planning is contributing to this…
Continue reading the "Workers heading for retirement of debt" »
As it launches its own insurance policy for loan repayments, the Post Office criticised many PPI providers for failing to inform customers that they can shop around for better deals. Welcoming the announcement, Pula Houghton, spokesman for Which?, said in…
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