Debt ‘set to rise’ as credit crunch hits Borrowing is predicted to soar as a result of the economic downturn, according to a new report. Research from the Fair Investment Company has shown that the average person owes £5,886 through…

Paying off loans and increasing energy costs are the number one priorities for Brits in the wake of the credit crunch, according to new research. A study by Abbey Mortgages has found that 41 per cent of respondents consider paying…

People ‘cutting back on vital services’ due to debt Many households are planning to cut back on vital financial products, even though it may leave them exposed or vulnerable, a new survey has claimed. Research from American Express has revealed…

Debt and the high cost of premiums in big cities may contribute to more people evading car insurance, an expert has claimed. Graeme Trudgill, an executive from the British Insurance Brokers’ Association, said that people living in less well-off communities…

Homeowners whose properties are at risk from flooding should have home insurance, the Fair Investment Company has warned. However, a poll by the organisation found 38 per cent of people do not have a home insurance policy and could therefore…

Changes to personal tax free allowances due to come into force this month could mean the average person is better off, an industry insider has claimed. John Whiting from the Chartered Institute of Taxation commented that new measures will mean…