A number of different economic factors have ensured that young consumers in the UK are facing the deepest debt management problems, according to reports. Economics editor at the Independent Sean O’Grady insists that “debt is concentrated among the young” and…
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Thousands of British consumers are missing out on what could be worthwhile debt advice by keeping their financial difficulties to themselves, according to recent research. Figures compiled by the Legal Services Commission show that only 18 per cent of consumers…
The UK’s debt management burden is worth more than the country’s gross domestic product (GDP), according to analysis by business advisory firm Grant Thornton. A culture of borrowing prevails around the country and has seen the amount of debts owed…
Around one in four British adults have added to their debt management burden over the course of the last three months, according to the latest figures. Research carried out on behalf of MoneyExpert.com also shows that around seven per cent…
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With debt management problems facing millions of consumers, new research has shown that many thousands of Britons fear for their financial future. Figures compiled by YouGov on behalf of Scottish Widows demonstrate that around a quarter of all British consumers…
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Millions of British adults would fail a personal finance exam asking questions of the same difficulty as GCSEs, according to a recent study carried out by Abbey. The research saw more than 1,000 people answer “simple” questions about their banking…
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British consumers have been warned that their current saving habits could lead them to face serious financial problems when they come to retire. With millions of consumers already dealing with debt management issues, a panel of experts assembled by Prudential…
As debt management problems spiral out of control for an increasing number of UK consumers, a new report has forecast that the number of Britons being refused credit will rise in years to come. Research by Datamonitor estimated that around…
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