An increasing number of elderly debtors are turning to equity release as a way to reduce their arrears, new research has indicated. Figures from the Key Retirement Solutions Equity Release Market Monitor revealed that 36 per cent of borrowers choosing…
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The Association of British Insurers (ABI) has launched an initiative to encourage more responsible attitudes towards money by people in order to help them better protect their finances and steer clear of falling into too much debt. Stephen Haddrill, director…
Women owe more money to creditors than men, according to a new study by Scottish Widows. The pensions firm found that females have £12,156 non-mortgage debt on average compared to £11,080 for their male counterparts – a difference of more…
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Paying off debts would be the priority for most adults if they received a windfall of £1,000, according to a new survey. In its UK kids poll, Tesco Savings revealed that while the majority of children believed their parents would…
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Remortgages grew in popularity last month in relation to other mortgage products, new figures have indicated. Search statistics from moneysupermarket.com showed that while there were more queries about moving home loans than remortgages in August and September, the gap between…
Students who are struggling to pay tuition fees or rent as a result of their funding being delayed should contact their university, it has been suggested. According to the BBC, by October 9th as many as 175,000 undergraduates had yet…
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Prioritisation is a key strategy that consumers should consider if they are struggling to manage their debts, one expert has suggested. Money Advice Trust spokesperson Beccy Boden Wilks recommended ordering debts in terms of importance and seeking help from an…
East Staffordshire Citizens Advice Bureau has seen the amount of debt it helps its clients with almost triple over the last three years. According to the Burton Mail, the organisation has dealt with debt problems worth a total of £25…
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