Financial drains such as mortgages, utility bills, taxes and credit card debt cost the average Briton £954 every month, yet monthly take-home pay is only an average of £1,070. “Millions of Brits are living on the edge by failing to…

Research for loans company cahoot shows that 39 per cent of Britons owe money to family or friends, totalling £65 billion. John Goddard, managing director of cahoot, said that while borrowing from family was common, it had its dangers: “Problems…

According to a study by the Alliance & Leicester, those who use online banking have a clearer financial picture as 44 per cent check their account at least twice a week, compared to three per cent who use face-to-face banking.…

Research for IFA Promotion shows that less than a fifth of Britons have savings stored “for a rainy day”, with 43 per cent being forced to turn to families for help. David Elms, chief executive of IFA Promotion, commented: “Our…

The Consumer Credit Counselling Service (CCCS) has published a report on lifestyle spending after it saw a 257 per cent rise in calls for advice from those earning over £30,000 since 2003. Helen Saxon of the CCCS, the report’s lead…

According to the research for the Morgan Stanley Card Index, 55 per cent of all card purchases are for groceries, petrol and home items. Patrick Muir, marketing director of the Morgan Stanley Credit Card, said: “Credit cards have changed enormously…

Results from engage Mutual Assurance’s survey on the subject say that 89 per cent of the UK’s families are not prepared to financially support retiring parents, with over a third expecting the state to do so. “With older relatives living…

April’s total loan value rose by £5,278 million, compared to £5,087 million in March and £4,442 million in April 2005. “Overall, the trends in consumer lending appear stable,” said David Dooks, BBA director of statistics. “After March’s stronger figures, mortgage…