Retirees could find themselves facing financial difficulties if they rely on the state, says one expert. A spokesperson at investment management firm Hargreaves Lansdown commented that people on a government pension receive £100 a week and could be in for…
Continue reading the "Pensioners face “miserable time” if they don’t save" »
Half of businesses in the UK have corporate debt, according to new research by one organisation. Insurance providers Legal & General surveyed members of the British Chamber of Commerce (BCC) and discovered that 50 per cent are indebted and only…
Mortgage lenders are preventing first-time buyers from entering the market by reducing the number of affordable deals, one comparison site has suggested. Research by moneysupermarket.com has revealed that the amount of 90 per cent LTV mortgages is 97 per cent…
Continue reading the "First-time buyers ‘kept out of the market’" »
Existing debt is stopping a number of people in the UK from paying into a pension scheme, a new study has revealed. Lincoln Financial Group found that nearly one-quarter of adults are not saving for retirement, with 23 per cent…
Repossession can potentially be avoided by those experiencing debt problems if they inform their mortgage lenders, one independent specialist has suggested. Property expert Malcolm Harrison stated that people should not be afraid to ask their provider for help if they…
Continue reading the "Repossession ‘not in lender interests’" »
A debt management initiative started by an advice charity is attempting to discourage young people from avoiding their financial problems. The Citizens Advice Bureau (Cab) partnered with youth agency Bold Creative to produce animated documentary-style online short films of two…
Continue reading the "Debt management campaign launched by Cab" »
Effective debt management is important for homeowners going through difficult economic times, one financial organisation has said. First Direct, a division of HSBC, has offered advice on becoming debt free which could enable consumers to make the most of the…
Continue reading the "Debt management ‘benefits homeowners in the recession’" »
Debt is still the most common enquiry received by the Citizens Advice Bureau, the organisation revealed today. The volume of debt-related queries from April 2008 to March 2009 increased by 11 per cent on the previous year, amounting to 1.93…
Continue reading the "Debt enquiries increasing, says advice charity" »
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