MyCallcredit says that even though debt is seen as a “taboo” by many, it should not prevent people struggling with debt taking action before their lives are affected. “People need to manage their finances and prioritise their debts to make…
Continue reading the "Control debt – Don’t let debt problems drift" »
According to a study by the Alliance & Leicester, those who use online banking have a clearer financial picture as 44 per cent check their account at least twice a week, compared to three per cent who use face-to-face banking.…
Continue reading the "Internet bankers keep tabs on finances" »
Research for IFA Promotion shows that less than a fifth of Britons have savings stored “for a rainy day”, with 43 per cent being forced to turn to families for help. David Elms, chief executive of IFA Promotion, commented: “Our…
Continue reading the "Lack of savings leaves Brits at risk" »
The Consumer Credit Counselling Service (CCCS) has published a report on lifestyle spending after it saw a 257 per cent rise in calls for advice from those earning over £30,000 since 2003. Helen Saxon of the CCCS, the report’s lead…
Research carried out by YouGov, on behalf of Thomas Charles, found that a fifth of the population has over £10,000 of unsecured debt. James Falla, director of Thomas Charles, commented on the survey: “Compared to even just a few years…
Continue reading the "Debt Survey shows “enormous uptake of unsecured debt”" »
According to the research for the Morgan Stanley Card Index, 55 per cent of all card purchases are for groceries, petrol and home items. Patrick Muir, marketing director of the Morgan Stanley Credit Card, said: “Credit cards have changed enormously…
Continue reading the "Plastic prevails for everyday purchases" »
Results from engage Mutual Assurance’s survey on the subject say that 89 per cent of the UK’s families are not prepared to financially support retiring parents, with over a third expecting the state to do so. “With older relatives living…
Continue reading the "Elderly having to fend for themselves" »
Bankruptcy stays on credit records for at least six years and can severely curtail credit and the ability to get a house, which is why those in debt should do what they can to evade it. “You could have had…
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