Moneyfacts.co.uk claims that while consumers across the country often concern themselves with an array of costs associated with buying a home, the issue of valuation fees is commonly overlooked. And the money search engine is urging prospective mortgage lenders to…
Continue reading the "FSA aims to assist indebted students" »
As debt management problems worsen for millions of consumers across the country, HSBC intends to start charging its graduate account customers an annual interest rate of close to ten per cent. The charges are scheduled to come in from August…
A study by MoneyExpert found that during the last six months an average of 7,716 people have missed their loan repayments each day in the UK as the cost of borrowing has continued to increase. Furthermore, the proportion of people…
Continue reading the "‘Thousands of Brits missing loan repayments’" »
Citing Consumer Credit Counselling Service (CCCS) figures the OFT claims 18 to 24-year-olds in Britain now have an average of £12,790 worth of personal loan, overdraft and credit card debt and the organisation is encouraging young people to become more…
Continue reading the "OFT highlights teenage debt problems" »
Figures from CreidtExpert suggest that consumers in the UK believe tying the knot will cost them around £9,000, despite the average pay out for a wedding standing at close to £17,000. In addition, the latest research shows that more than…
Continue reading the "Brits ‘underestimate the cost of weddings’" »
During the first quarter of 2006, Britons borrowed 35 pence for every pound they saved, while in the same period of this year UK consumers took on 41 pence in personal debt for every pound set aside, the latest figures…
Continue reading the "‘UK saving rates slow as debt levels rise’" »
MPs from each of the three main political parties have now signed a parliamentary motion calling for government efforts to give the UK’s young people access to “meaningful financial education”. Liberal Democrat MP and economic expert Julia Goldsworthy said: “Many…
Continue reading the "MPs call for personal finance lessons" »
A study carried out by Scottish Widows has shown that the majority of workers in the UK are not saving enough money to be secure when they reach old age and those with debt management problems are among those struggling…
Continue reading the "UK’s indebted ‘not saving for retirement’" »
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