New research has revealed that those aged over 50 have suffered the most during the recession in relation to saving for their retirement, with many of them using their lump sums to pay off debts. According to findings from Scottish…
The news that the government intends to continue implementing Cold Weather Payments at the rate of £25 for the coming winter months has been welcomed by Age Concern and Help the Aged as a positive step for older people who…
Continue reading the "Winter fuel payments “will bring some relief”" »
Credit Action has set out the UK personal debt statistics for October 2009, revealing that the average amount owed by households – including mortgages – rests at £58,290. Excluding mortgages, the typical debt per household is £9,180, although this would…
Although the consumer credit market appears to be stabilising, borrowers could be offered fewer choices if new regulations negatively affect creditors, statistics released by the Finance & Leasing Association (FLA) have revealed. New contraction rates are showing signs of evening…
Continue reading the "Consumers have fewer choices in credit market, experts say" »
Debtors struggling with mortgage arrears are to be offered assistance in the form of tighter regulations on court action from lenders regarding repossessions. Housing minister John Healey, who has also advised council leaders to offer practical support to residents fighting…
Continue reading the "Further measures to help homeowners announced" »
People in Britain have expressed regret at not being more financially responsible, according to a new survey. Findings from Simplyhealth’s Bothered Britain Report have revealed that 36 per cent of respondents are unhappy with how they have managed their money…
Continue reading the "Brits ‘wish they’d been more responsible’" »
Those leaving university believe that it will take them up to 20 years to pay off debts amassed during their college years, new research has shown. The poll, commissioned by insurance provider Endsleigh, found that 29.2 per cent believe they…
Borrowers concerned with falling further into debt as a result of the ongoing postal strikes – and the possibility of national action being taken in October – could benefit from doing their banking online, an industry expert has suggested. According…
Continue reading the "Online banking ‘could help’ debtors" »
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