Despite the fact that Brits appear to have reformed their saving habits – with figures from the Office for National Statistics revealing that the household savings ratio has risen to 5.6 per cent – more must be done to educate…
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Higher earners in the UK are experiencing as many debt management problems as those with lower incomes because of the recession, according to industry experts. Director of external affairs for Baines and Ernst Nick Pearson told the Guardian that, while…
Continue reading the "Middle class ‘struggling with debt’ as well" »
Despite the fact that Brits appear to have reformed their saving habits – with figures from the Office for National Statistics revealing that the household savings ratio has risen to 5.6 per cent – more must be done to educate…
Continue reading the "Debtors need to be educated about saving, expert says" »
Borrowers looking for cheaper deals on personal loan rates may be disappointed if they were considering going to Nationwide, as the building society is increasing its rate from 7.7 per cent to 7.9 per cent as of tomorrow (October 7th).…
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Over half of the British population aged above 50 have debts aside from their mortgages, new research has revealed, with the average amount owed nearing £7,000. Findings from a study by moneysupermarket.com indicate that, while 17 per cent of over-50s…
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Students are being left with little choice but to borrow from the government and creditors in order to finance their way through university, a new study has revealed. Findings from Halifax have shown that, while student loans are the most…
Continue reading the "Debt a necessity for students, research shows" »
Lloyds has set up a programme intended to help the owners of small to medium-sized enterprises (SMEs) protect themselves against bad debts, in light of predictions warning that insolvencies are to reach record highs. Managing director of the company’s commercial…
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People are trying to improve the state of their finances as a result of increased levels of debt, one expert has suggested. Howard Archer, IHS Global Insight’s chief UK economist, was quoted by the Times as indicating this could be…
Continue reading the "Higher debt causing people ‘to improve finances’" »