Consumers needing debt help due to rising energy costs are being offered a new service to help them reduce bills. According to uSwitch.com, almost six million people in the UK are on prepayment meters for gas and electricity. But it…

Citizens Advice is to receive £10 million in extra funding to help extend its services, it has been announced. The move, which was part of yesterday’s pre-Budget report from chancellor Alistair Darling, means the body will be able to help…

The introduction of tax cuts in the pre-Budget report would not encourage Britons to increase their spending, research has found. Instead, many would use the opportunity to increase contributions to their savings or try and become debt free, a report…

Those switching to interest-only mortgages to help improve their financial situation during the current economic crisis have been warned that they should not be seen as a long-term mortgage option. Barney McCarthy, editor of YourMortgage.co.uk, stated that such finance packages…

Britons are to spend at least the same amount on Christmas gifts this year despite the credit crunch, research has suggested. A survey by Direct Line found that 74 per cent of those surveyed doesn’t expect to curb their spending…

Many people are taking a “pay now and worry later” approach to purchases over the festive season, it has been suggested. Director of CreditExpert.co.uk Darryl Bowman has advised people to plan carefully for the Christmas period in order to avoid…

A lack of maths ability is hindering people’s ability to budget and casing them to come into personal finance difficulties, it has been claimed. Chief executive officer of education firm Whizz.com Richard Marett explained that poor maths skills results in…

As many as 5.4 million UK households are affected by fuel poverty due to the rising costs of gas and electricity, it has been claimed. National Energy Action (NEA) has warned that the issue is a “rising problem”, noting that…