The current average amount of debt racked up by students by the time they graduate tops £13,000, but research carried out by the Association of Investment Companies (AIC) demonstrates that students tend to think they can study for a degree…
Continue reading the "University debt ‘still underestimated’" »
Howard Archer, chief UK and European economist at Global Insight, suggests that while an increase in the cost of borrowing is unlikely to be brought in by the Bank of England’s monetary policy committee (MPC) in August, the option is…
Continue reading the "Further interest rate rise ‘cannot be ruled out’" »
Figures compiled by Scottish Widows show that thousands of would-be first-time buyers in the UK are finding property purchases unaffordable and existing debts are now a major cause for concern. The latest study shows that around a third of graduates…
Continue reading the "First-time buyers ‘facing debt problems’" »
Figures compiled by Scottish Widows show that thousands of would-be first-time buyers in the UK are finding property purchases unaffordable and existing debts are now a major cause for concern. The latest study shows that around a third of graduates…
Continue reading the "Debt concerns ‘put off potential students’" »
Figures from Abbey show that around 2.4 million Britons have so many pin codes to remember that they often write them down and to be left in a wallet along with the relevant credit or debit card. And with millions…
Continue reading the "‘Pin code overload puts money at risk’" »
Duncan Philp, senior consultant at law firm and estate agent Macbeth Currie, insists that while British consumers generally had a fear of entering bankruptcy well into the 1990s, these concerns have largely faded away during the 21st century. However, Mr…
Despite the Office of Fair Trading setting a limit of £12 on charges charges, British consumers paid out at least £230 million in penalties to their credit card providers in the past year, according to research commissioned by moneysupermarket.com. And…
Continue reading the "UK’s credit card debt woes continue" »
While the typical annual expenditure for a British adult has risen by around four per cent since 2002, this figure stands at close to nine per cent for those aged between 65 and 74, according to Prudential. Food price rises…
Continue reading the "Inflation pressures hit elderly Brits" »
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