New predictions have revealed that repossessions may reach 50,000 in 2010, although this is still lower than was originally thought. Commenting on the latest figures quoted by The Co-operative Insurance, Bernard Clarke of the Council of Mortgage Lenders (CML) said…
Families could find themselves at greater risk of falling into debt, as new figures have revealed that electricity bills may soon be hiked up. According to uSwitch.com, action by Ofgem will result in £4.30 a year added onto tariffs, although…
The government should be doing more to help both savers and borrowers, particularly those who have been worst affected by the economic downturn and low interest rates. This is according to the Building Societies Association’s (BSA’s) director general Adrian Coles,…
Women are putting themselves increasingly at risk of falling into debt because of their decision to stop working to have children. This is according to a report carried out by Scottish Widows, which revealed that 24 per cent of females…
Continue reading the "Women risk debt because of families, report shows" »
Britons appear to be happy to spend their money despite the recession and growing concerns about falling into debt, it has been suggested. According to the Daily Mail, figures from Aviva Investors have revealed that retail spending in the UK…
Continue reading the "Debt worries ‘not curbing spending’" »
Adults in the UK are increasingly turning to their parents in an effort to cut costs related to their offspring, it has emerged. According to Rias – an insurance provider for those over 50 – many Britons are reducing their…
Britons are spending less on Christmas this year as the recession continues, with the cost of the festive season 35 per cent less than it was ten years ago. This is according to research from Saga, which found that many…
Continue reading the "Debtors cutting back on Christmas, research shows" »
Directgov – the nation’s official website – has announced that it is to help those in debt improve their financial management through posting up-to-date, relevant and impartial information that is simple to understand on its site. Amassing data from HM…
Continue reading the "Debtors offered assistance from Directgov" »
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