Through funding from Barclays, there should be an increase in face-to-face advisors and affordable financial services for low-income consumers. “[This] is an exciting opportunity to reach people in real need who would not normally seek mainstream debt advice,” said Citizens…
Continue reading the "Citizens Advice to tackle financial exclusion" »
The average new student is set to graduate owing £15,000, over double the current average debt of £6,161, Callcredit has said. “Life is financially harder for students now than it has ever been and the decisions people make about their…
Moneyfacts, Defaqto and moneysupermarket research has found that consumers do not always get the best deal available on PPI and are “being ripped off”. Simon Burgess, managing director of British Insurance Limited, commented on the findings, which have been tabulated:…
Ginny Broad from Alliance & Leicester said that with the interest rate rising recently, it will affect individuals’ loan and debt levels. “We see bigger council tax bills and bigger gas and electric bills and I think that it is…
Continue reading the "Interest rates a “cause for thought”" »
According to the report from MoneyExpert, itself a financial comparison website, consumers could be damaging their credit rating by applying for loans they will not be approved for. “Currently they [financial comparison websites] are overly focused on price which means…
Continue reading the "Financial comparison website warning" »
In the CBI’s latest economic forecast, it predicts lower economic growth than the Bank of England foresees, which could have wide-reaching implications. A poor economic performance for the UK could lead to job losses which would have a severe effect…
Nearly two-thirds of Britons expect a rate increase according to a Bank of England poll, the highest level in over two years. Yet most people would prefer the rate to go down. In the same survey, 36 per cent said…
The Engage Mutual Assurance figures show that having a family is pushing many into debt as they struggle to pay education costs, clothing and other needs. “Meeting the changing needs of modern families means making major financial sacrifices which affect…
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