Aging Britons are increasingly emptying their pockets in order to help out their children and grandchildren financially, it has been suggested. More and more grandparents in the UK are using their own funds to provide assistance to their often-indebted offspring,…
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A financial spring clean has been suggested to people who want become debt free or get the best savings deal. Kevin Mountford, head of savings and current accounts at price comparison website moneysupermarket.com, warned against consumer apathy when it comes…
Consumers are being urged to shop around for better mortgage rates as lenders begin using customer-profiling techniques to offer risky customers a worse deal. Young people and low-income individuals are deemed to be the highest risk and typically offered variable…
The Bank of England’s recent interest rate cuts have not reduced the cost of unsecured borrowing, according to MoneyExpert. Research by the financial website showed that average interest rates on unsecured loans of between £5,000 and £7,500 have edged up…
Internet users in the UK have been warned that they could become the victim of online fraud unless they take care to protect their financial data. According to Neil Munroe, external affairs director at Equifax, the internet is the primary…
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More cooperation between the government, banking groups and debt advice providers is required if the UK’s struggling homeowners are to be helped effectively, it has been claimed. The Money Advice Trust is keen to see organisations across the country work…
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Credit card users around the UK are increasingly looking to secure themselves a better deal on plastic borrowing, it has been suggested. According to the customer experience assessment firm Global Reviews, the increasingly dire debt management situation for many British…
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A new report has highlighted the growing prevalence of payday loans across the UK. Figures compiled on behalf of Moneysupermarket.com have shown that an increasing number of British consumers are resorting to short-term high-interest loans in order to cover their…
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