The bank has started offering overdrafts to new students up to £500 greater than other lenders, rising to £2,100. Other banks only offer £1,000 to first year students, but Halifax could encourage students to borrow more as it offers an…
Continue reading the "Halifax’s bigger overdraft could lead to bigger student debt" »
Equifax said that the move is to help people face up to their personal debt problems so that they can act, the Mail on Sunday reports. “People in serious debt often have difficulty in understanding the full extent of the…
Continue reading the "Free credit report to help deal with debt" »
The guide at MoneyEverything.com is said to allow users to compare cashback options, interest rates and other features that vary between lenders. “We look at how the individual repays their debts and then make a recommendation,” said Jon Francis, who…
Continue reading the "Credit card guide recommends right choice" »
Price comparison website Moneysupermarket.com said that with charges for foreign use and interest rates as high as 17.9 per cent on cards, students travelling after graduation need to be careful with how they use their plastic. However, Stuart Glendinning, managing…
Continue reading the "Gap year travellers warned to use card for emergencies" »
Around 4.3 million people between the ages of 25 and 50 fall into this category as they cannot afford to live alone, online dating company Parship.com has claimed. According to the survey, 40 per cent of single people found it…
Continue reading the "Debt forces young people back to mum and dad" »
Figures compiled by first-time buyer specialist FirstRungNow show the older generation are having to dig deep to ensure their children can get their first home, potentially undermining their own financial security and pushing up the prospect of debt-laden parents, reports…
Continue reading the "Parents paying out over property price hikes" »
New figures from financial information site Moneyfacts suggests young people are particularly susceptible to fraud thanks to a lax approach to their finances. Almost three-quarters or 73 per cent – do not destroy old credit card receipts or bank statements,…
Continue reading the "Students’ negligence over the security of their credit cards" »
That is the finding of new research from RBS in conjunction with the University of Bristol’s personal finance research centre, which has found a startling lack of awareness concerning financial matters. In total, 7.4 million account holders will not open…
Continue reading the "Consumers in blissful ignorance over debt" »
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