In the seven months since Flexi-Rate was launched, half as many holders of the new credit card simply make minimum payments, while there has been a ten per cent rise in those paying above the minimum each month. This means…

The CML believes that house prices will finish seven per cent higher at the end of 2006 than at the start, a significant increase from the two per cent it forecast in February. As a result, gross lending is expected…

The organisation estimates that providers of plastic profit to the tune of £500 million each year by allocating payment to balances with the lowest rate of interest, allowing higher interest balances to accrue more interest. Nationwide wants other credit card…

Nationwide’s Consumer Confidence Index recorded a one point climb in May, now standing at 94. However, this is still close to a six-month low and below the figures recorded during 2004 and 2005, with many consumers still anxious in the…

At the forefront of things to worry about were issues such as avian flu, something which the average Brit can do little to prevent, while problems with debt seem to be less of a concern. In Prudential’s National Risk Report,…

According to research from National Savings & Investments (NS&I), although 43 per cent of people claim to be worried about their finances, only 42 per cent have actually done anything about it. “Today’s findings reveal an underlying fear of getting…

For some in the capital, it could be another six years and two months before they have gathered together enough money for a deposit on a property, as an average of £25,183 is required. The ‘spend now, pay later’ attitude…

Seven out of ten people will hide their debts from their partner, normally as they do not want to confront the reality of their situation, an attitude which only serves to worsen the problem. The Debt Free Direct survey confirmed…