Young British consumers are ready to take on debts in order to gain the kind of lifestyle they aspire to, according a new report. A study by Engage Mutual Assurance has shown that most under-25s in the UK expect to…
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One of the first things graduates should do when they finish at university is request a copy of their credit file to assess their individual financial situations, according to credit checking service Equifax. Neil Munroe, external affairs director for the…
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Those looking to become debt free could be affected by student loan debt, according to mform.co.uk. The online mortgage company warns that plans to include student loan repayments in credit files will only include missed payments, as prompt payments will…
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Many families in the UK are not in a strong enough financial position to face the economic squeeze that is set to come in 2008, according to one MP. Phillip Hammond, a treasury spokesperson for the Conservative Party, has claimed…
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Changes to the system of credit filing to be introduced later this year will have damaging effects for many would-be first-time buyers (FTBs) in the UK, it has been claimed. According to the online mortgage firm mform.co.uk, the planned inclusion…
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Teachers as well as their pupils would stand to benefit if they were trained in how to develop young people’s personal finance skills, it has been suggested. According to the ifs School of Finance, all trainee teachers in the UK…
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British consumers are paying the price for failing to secure the most competitive mortgage deals available, it has been claimed. With debt management continuing to be a problem for millions of UK consumers, figures from Abbey have demonstrated that mortgage…
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Children should be given information about debt management and other personal finance issues as part of their education, it has been suggested. The majority of parents believe financial education is more important than learning about geography, music and religious studies,…
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