An Insolvency Service report’s main findings were that men were more likely to become bankrupt than women but the proportion of women is rising, while the proportion of younger bankrupts (18 to 29) had doubled. In addition, female bankrupts tended…
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The organisation estimates that providers of plastic profit to the tune of £500 million each year by allocating payment to balances with the lowest rate of interest, allowing higher interest balances to accrue more interest. Nationwide wants other credit card…
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Research by Lloyds TSB found that, of the 424,560 young people due to start university this autumn, 22 per cent will still live at home. More than a third of those surveyed doubted they would be able to afford a…
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Nationwide’s Consumer Confidence Index recorded a one point climb in May, now standing at 94. However, this is still close to a six-month low and below the figures recorded during 2004 and 2005, with many consumers still anxious in the…
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At the forefront of things to worry about were issues such as avian flu, something which the average Brit can do little to prevent, while problems with debt seem to be less of a concern. In Prudential’s National Risk Report,…
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According to research from National Savings & Investments (NS&I), although 43 per cent of people claim to be worried about their finances, only 42 per cent have actually done anything about it. “Today’s findings reveal an underlying fear of getting…
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For some in the capital, it could be another six years and two months before they have gathered together enough money for a deposit on a property, as an average of £25,183 is required. The ‘spend now, pay later’ attitude…
Continue reading the "Debt doesn’t help first-time buyers" »
Instead, The Debt Counsellors are urging credit card holders to strive towards eliminating credit card debt altogether to avoid any such charges. John Porter, a senior counsellor with The Debt Counsellors, commented: “Credit card debt is costing too many people…
Continue reading the "Avoid credit card charges by clearing card debt" »