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" »
Nationwide research shows that due to low interest rates, house prices and interest payments on mortgages are affordable for many, but mortgage providers are demanding too great a deposit or will not lend enough money. Fionnuala Earley, Nationwide’s group economist,…
Continue reading the "First time buyers are struggling to save a deposit" »
According to the latest information from the Student Loans Company (SLC), student loan repayment arrears stood at a massive £186.3 million by the end of the 2005-06 financial year. The total figure for outstanding student and graduate debt (including that…
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Its latest research shows that student loans are leading to high levels of debt that are set to lead to a decline in home ownership unless something is done. “While home-ownership remains a long-term aspiration for the majority, the reality…
Continue reading the "CML: Help needed for indebted first-time buyers" »
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…
Continue reading the "Money worries keep students with mum and dad" »
The Royal Bank of Scotland (RBS) claims that most school leavers have not budgeted for university and those that have are underestimating the cost, often expecting parents to pick up the bill. Paul Jeffrey, head of student banking at RBS,…
Continue reading the "School leavers underestimate student debt threat" »
The study for Equifax showed that 53 per cent of students want the current ban on the Student Loans Company sharing information with commercial providers to end. “By putting student loan information on credit files we could be giving graduates…
Continue reading the "Students want student loan information shared" »
It says that with the introduction of top-up fees, students will stay in debt for longer, so the sooner parents start saving towards the future cost of a child’s higher education, the better. Commenting on recent estimates that students currently…
Continue reading the "Parents need to plan ahead to combat increased student debt" »
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