The use of mortgages for consolidation of unsecured, short-term debt has been derided as “rarely a good idea” by a financial website. According to Money.co.uk, by doing this debtors risk putting their homes in jeopardy if repayments on the mortgage…
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The amount of council tax charged to UK residents has doubled since Labour came to power in 1997, which may have had a hand in the debt management problems of many in the country. According to the Daily Mail, the…
A number of first-time buyers are struggling to get onto the property ladder as they are finding it hard to amass deposits. This is according to Helen Adams, managing director of FirstRungNow, who observed that, although the rise in mortgage…
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British charity Family Action has called on energy companies to help vulnerable families from falling into debt by passing on more of their profits. Chief executive of the trust Helen Dent noted that the organisation is continuously hearing from low-income…
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Britons may find themselves more susceptible to debt as a result of the rising costs related to running cars, it has been revealed. According to Sainsbury’s Finance, the annual expense of keeping a vehicle on the road has risen again,…
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Britons believe that financial security is an essential factor in the decision to start a family, a new report has revealed. According to NS&I – a UK-based savings organisation – 64 per cent of people consider this to be a…
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The option of bankruptcy for those struggling with debt management should be considered a last resort, the government has said. Following proposals to allow people to submit bankruptcy applications online or by post as opposed to in court, Minister for…
The difference between young and old demographics in terms of credit card spending has been revealed in a new study. Conducted by Confused.com, the survey indicated that 77 per cent of those in their early 50s are not concerned about…
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