Alliance & Leicester’s latest report has revealed that the average FTB has £5,860 of debt and the building society has warned that it is sensible to clear this first before committing to a mortgage. “Our research reveals that while many…
Rather than going on protest marches or lounging in the union or common room, 86 per cent of students in the LloydsTSB survey said that they would rather clear debt and get a good degree. Marcus Banks from Lloyds TSB…
Continue reading the "Debt driving students away from drink" »
According to consumer finance website uSwitch.com, 11 per cent of account holders pay a total of £530 million in fees, but a quarter of holders ignore the perks they are paying for. More worrying still, the website claims that banks…
According to the American Express study, a quarter of parents spend over £100 on their child’s first birthday party with an average of £84 on presents. However, once costs for invites to other parties and the necessary gifts are added…
It claims that of the 400 machines located at university premises, half charge a typical fee of £1.50, which adds 15 per cent to a withdrawal of £10. Stuart Bernau, executive director at Nationwide, said: “Students need to be particularly…
Due to increases in balance transfer fees, the cost of switching to an introductory offer of no interest means that “the vast majority of nought per cent balance transfer deals will become largely worthless,” a spokesman from the firm said.…
Continue reading the "Credit card balance transfers ‘mostly worthless’" »
According to the Datamonitor report, Britons’ loans and credit card debt total £215 billion and the average debt of £3,008 is twice the average for western Europe. This report comes out on the same day as a Visa report claims…
In the W3 Debt Solutions report, the amount of people in their 20s taking out an Individual Voluntary Arrangement (IVA) has soared by 90 per cent in half a year. “I am very concerned about the sharp rise in IVAs…
Continue reading the "Debt problems rise for twentysomethings" »
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