The latest figures showing insolvency rates in the UK only demonstrate the tip of the iceberg that is the country’s debt management issues, it has been claimed. During the fourth quarter of last year, close to 25,000 people entered an…
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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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Interest rates are likely to fall to 4.5 per cent by the end of the year and reach four per cent in the first half of 2009, according to Global Insight. Howard Archer, chief UK and European economist for the…
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Just under half (46 per cent) of parents with children over the age of 25 are still financially supporting their offspring and do not expect to be debt free until they are in their 60s, according to new data from…
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Unexpected changes in people’s personal circumstances could result in “financial turmoil”, it has been suggested. An article in the Daily Express, citing Moneyexpert.com statistics, claims that life events such as divorce, the death of a spouse or losing one’s job…
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On average, women are less “financially fit” than their male counterparts, it has been claimed. According to finance provider Abbey, women are more likely to be in a position where they might benefit from considering seeking debt help than their…
Debt consolidation is the main reason for people taking out a loan without telling their partner or family about it, new research shows. A report by Abbey shows some 1.3 million people have taken out a so-called secret loan, with…
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Now is an ideal opportunity for people to lower their levels of credit card debt, it has been suggested. According to Moneyfacts.co.uk, January is the time of year when people are facing up to their borrowing during the festive season.…
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