Consumers using loans and credit cards to fund their spending will pay back more than £145,000 over the course of their lifetime, research has indicated. A study by Confused.com revealed that the average Briton repays nearly £2,800 a year on…
Continue reading the "Shop around to avoid overpaying on bills, consumers urged" »
Offering borrowers mortgages worth more than the value of their new property can help Britons deal with negative equity and thereby reduce the risk of repossession, one expert has stated. With growing numbers of people returning to the UK property…
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Rather than relying on the government to ensure that they stay debt-free, British consumers should instead take greater responsibility for their personal finances, it has been claimed. A recent government white paper put forward a range of proposals aimed at…
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British consumers are still being hit by hundreds of millions of pounds worth of credit card charges as the government’s plans to help people with their debts fail to have the desired impact. That is according to a new report…
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The recession has prompted nearly two-thirds of Britons to significantly change their lifestyles, research has revealed. A study carried out by Yorkshire Bank indicated that 64 per cent of people have had to adapt to the current economic climate, with…
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Britons are rethinking their holiday plans as a result of the recession, an expert has noted. Jonathan Mitcham, principle researcher at Which? Holiday, explained that many consumers are looking at ways to cut back on their spending. He suggested that…
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The high rates offered by lenders are only causing the housing market to stagnate, one expert has suggested. Helen Adams, managing director of property advice website FirstRungNow.com, stated that “penalising” first-time buyers with rates that are too expensive will only…
Continue reading the "Banks ‘should not punish first-time buyers’" »
Inflation of food prices may affect the average family more than an increase in other areas of the household, one expert has suggested. Director of financial information company The Motley Fool David Kuo said groceries are the fourth biggest spend…
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