According to recent research, first-time buyers in the UK paid out 18.7 per cent of their household incomes on mortgage interest during April, which represents a new 15-year high. Furthermore, as debt management problems increase across the country, the CML…
Continue reading the "CML figures highlight affordability issues" »
The Carers UK organisaiton claims that the current benefits system across the country is letting down financially people who already have to deal with difficult emotional circumstances. To make its case, the national charity cites its own research that shows…
Research from the Post Office indicates that close to 60 per cent of credit card users are not taking advantage of the potential financial benefits associated with their plastic products. Furthermore, despite many people being lured into credit card debt…
Continue reading the "Credit card users ‘miss out on benefits’" »
The organisation suggests that professional financial advisors ought to gain a qualification in treating customers fairly (TCF) in line with relevant Financial Services Authority guidelines. And as debt management problems mount nationwide, the ifs School of Finance is keen to…
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The Student Loans Company is set to reveal that the likely average debt burden for students who start their studies this autumn will be close to £30,000 by the time they leave university. And fears are being raised that a…
Continue reading the "Student debts ‘triple in ten years’" »
Mr Cable suggests that the Bank of England’s decision to maintain the cost of borrowing this month will not spare homeowners a host of debt management worries in the current climate of rising interest rates. Part of the problem is…
Continue reading the "MP forecasts debt woes for homeowners" »
The BBA suggests that consumers should assess their own financial situation in much the same way as they might judge their physical fitness, in order to keep their money matters in good shape. Furthermore, the BBA insists that the Bank…
Continue reading the "BBA calls for ‘financial health checks’" »
Research from uSwitch.com suggests that a degree of consumer “lethargy” has meant credit card providers can introduce relatively uncompetitive repayment plans and yet retain customers for years. According to the price comparison service, around 20 per cent of British credit…
Continue reading the "Credit card users urged to take action" »
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