Lloyds TSB has already embarked on a programme to educate school pupils about student debt and has produced a parent’s guide. “I think debt is a part of student life unfortunately now because of tuition fees and top up fees,…
Angela Knight denied that banks were to blame for the rise in debt and said it was down to individuals to make up their own minds on whether to take out a loan. “Firstly, [banks] are all signed up to…
Consumers are paying nearly a fifth more on bills than in 2003, with the Consumer Credit Counselling Service (CCCS) claiming that its average client is now spending an extra £32 per month. CCCS chairman Malcolm Hurlston warned: “For those on…
Continue reading the "Fuel bills and soaring council taxes to blame for debt" »
Despite changes to the pensions savings system, people are still finding it hard to invest for the future, Barclays has said. “The research shows that people still see saving for their retirement as a low financial priority as they struggle…
Continue reading the "Retirees suffer from “financial demands of everyday living”" »
The organisation recognised that, for those who “know what they are doing”, only having to pay a small amount of the outstanding debt can be beneficial. But it added that in general the trend of minimum repayments falling from five…
Continue reading the "Which? “concerned” by falling minimum repayments" »
According to Lloyds TSB, a student embarking on a three-year course can expect to face an average living cost of £16,146, while those in London are even worse off with an average standing at £20,358. Marcus Banks, of Lloyds TSB…
Continue reading the "Parents must teach undergraduates about debt" »
Concern over late payment charges and the possibility of an interest rate rise have prompted people to be more savvy about paying back their credit card debts, with levels dropping for the third month out of four. The total amount…
Continue reading the "Credit card users managing to clear debt" »
Some 76 per cent of people in the UK are not unduly worried about the impact of energy bills, taxes and a potential interest rate rise on their finances, up by one per cent from the first quarter of the…
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