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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Financial planning is crucial if people want to avoid needing debt help after they have retired, it has been suggested. Gary Shaughnessy, managing director of Prudential Retail Life and Pensions, warned that people retiring now will have to survive on…
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Independent Financial Advisors could help those looking to get debt free, according to research covering areas such credit card debt. The survey, undertaken by the Association of Independent Financial Advisors (AIFA), shows that credit card debt could fall from £2.5…
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One Citizens Advice Bureau has reported a massive surge in the number of queries from people seeking debt help. Anne Bowen, manager of the Dorchester and district branch, made her comments to the Dorset Daily Echo, expressing concern that 2008…
Consumers should think carefully about the credit products they use when attempting to become debt free, an expert warns. Mark Oliver, lead officer for Cambridgeshire county council trading standards, explains that some apparent solutions can actually present new problems. His…
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Inflation is putting pensioners under increasing financial strain, it has been revealed, leaving many struggling to avoid bankruptcy. According to the Newcastle Building Society equity release service, real inflation for pensioners will be as high as seven per cent in…
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Inconsistency amongst mortgage lenders regarding missed payments, could result in fees of up to £50, according to a survey by moneysupermarket.com. Those already in debt could be interested to know that the fees range from £50, charged by GMAC, to…
Around 11 per cent of those with credit card debt missed month payments in the second half of 2007, according to research by MoneyExpert.com. The figures amount to over five million people who need debt help, as late payments can…
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