The deadline to register with your local council is October 10th and electoral registers are referred to by credit agencies when determining whether to grant someone a loan and at what rate. “Some organisations will refuse to give you credit…
Continue reading the "Deadline to help credit rating nears" »
Spreading payments can add over a third of the total cost of the policy, MoneyExpert stated and only 14 per cent of insurers allow policy holders to pay by direct debit at no extra charge. Sean Gardner, chief executive of…
Continue reading the "Car insurance driving people further into debt" »
According to the financial comparison website, average house prices – and therefore monthly mortgage repayments – have trebled in the past decade, while earnings have only doubled. “The net effect is that mortgage payments take a much bigger chunk of…
Continue reading the "Moneyfacts: Mortgages fuelling debt crisis" »
Ann Pettifor, executive director of Advocacy International, claims that people are too complacent about job security to realise that if there is a change in personal circumstances, they could risk bankruptcy. “We pay our debts through our incomes; it’s when…
Following successful trials, the saving scheme could see the government match a pound for every pound saved, which should encourage poorer people to save, a report has claimed. A Treasury source told the Financial Mail that the project is likely…
Continue reading the "New saving scheme proposed for those in debt" »
According to engage Mutual Assurance, a quarter of Britons are waiting until they are over 30 to get their first home, while debt has pushed the average marriage age up from 24 in 1986 to 27 today. Londoners suffer the…
According to moneysupermarket.com, Britons are in a £35 billion “trap” already as they extend the term of their mortgage, increasing the probability of repaying this debt as a pensioner. Louise Cuming, head of mortgages at moneysupermarket.com, said: “It is clear…
Continue reading the "‘Everlasting’ mortgage debt warning" »
Personal loans and credit card debt grew compared to July by £1.1 billion, a twenty per cent increase on monthly growth. Mortgages for new homes stood at 119,000, lower than July’s figures, but the amount of people seeking to remortgage…
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