As part of a new initiative, the FSA has called on UK universities to take part in its Money Doctors scheme, which aims to give student advisors the resources they need to help the country’s indebted young people. Steve Stillwell,…
Continue reading the "Homebuyers warned over ‘hidden fees’" »
Moneyfacts.co.uk claims that while consumers across the country often concern themselves with an array of costs associated with buying a home, the issue of valuation fees is commonly overlooked. And the money search engine is urging prospective mortgage lenders to…
Continue reading the "FSA aims to assist indebted students" »
As debt management problems worsen for millions of consumers across the country, HSBC intends to start charging its graduate account customers an annual interest rate of close to ten per cent. The charges are scheduled to come in from August…
Citing Consumer Credit Counselling Service (CCCS) figures the OFT claims 18 to 24-year-olds in Britain now have an average of £12,790 worth of personal loan, overdraft and credit card debt and the organisation is encouraging young people to become more…
Continue reading the "OFT highlights teenage debt problems" »
Figures from Lloyds TSB show that one in ten UK consumers polled within this age range now make a financially-guided decision over whether to enter higher education. In addition, a fifth of all 18 to 24-year-olds in Britain now admit…
Continue reading the "Young Brits ‘taking steps to avoid debt’" »
Experts from the money search engine have asserted that it is important for newly-graduated consumers to assess the potential benefits and drawbacks attached to different current account offerings before making a banking decision. Additionally, MoneyFacts advises graduates to create their…
The Student Loans Company is set to reveal that the likely average debt burden for students who start their studies this autumn will be close to £30,000 by the time they leave university. And fears are being raised that a…
Continue reading the "Student debts ‘triple in ten years’" »
Recent research carried out by the Council of Mortgage Lenders (CML) found that around 35 per cent of prospective homebuyers say they would need to borrow money from their parents before they could afford to get on the property ladder.…
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