The recent research from price comparison website moneysupermarket.com also demonstrates that around one quarter (13 million) people in the UK have taken out a loan to cover the debt repayments. In addition, over half (57 per cent) of those polled…
Continue reading the "Millions of Brits ‘can’t control debts’" »
If British people are to avoid bankruptcy or out of control credit card debt during adulthood financial education is essential, Ben Yearsley, investment manager at Hargreaves Lansdown, has suggested. Mr Hargreaves’ comments came in response to a recent study from…
Continue reading the "Financial lessons ‘must be learnt in schools’" »
Ben Yearsley, investment manager at Hargreaves Lansdown, claims that with debt levels continuing their upward trend around the country, concern from young people might ultimately mean they steer clear of bankruptcy and should be seen as a “good sign”. The…
Continue reading the "Worried kids are ‘good sign for debt awareness’" »
An estimated figure the company puts on the apparent overspending amounts to as much as £9.3 billion a year, which will not help those looking for a debt solution as repayment bills mount up. The claims are based on Zopa’s…
Continue reading the "‘Borrowing Brits are being overcharged’" »
Richard Snook, from the Centre for Economics and Business Research (cebr), suggests that there is a strong chance that inflation in the UK will rise above targets set by the Bank of England (BoE) and a rate raise could be…
Continue reading the "March rise in interest rates “extremely likely”" »
According to the latest UK debt survey carried out by the Debt Counsellors, which questioned people as to what they considered the biggest cause of their financial problems, many personal crises are the result of individual mismanagement. For just over…
The financial services provider’s so-called borrowing monitor suggests that while the number of people taking out mortgages continues to steadily increase, the same can not be said of credit card uptake. In fact, figures have revealed that although credit card…
Continue reading the "Appetite for credit card debt “diminished”" »
The Personal Finance Education Group (pfeg) research also revealed that more than half of all teenagers around the UK were landed in debt before reaching the age of 18 and that 19 per cent see credit card debt as a…
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