According to the report from MoneyExpert, itself a financial comparison website, consumers could be damaging their credit rating by applying for loans they will not be approved for. “Currently they [financial comparison websites] are overly focused on price which means…
Continue reading the "Financial comparison website warning" »
In the CBI’s latest economic forecast, it predicts lower economic growth than the Bank of England foresees, which could have wide-reaching implications. A poor economic performance for the UK could lead to job losses which would have a severe effect…
Nearly two-thirds of Britons expect a rate increase according to a Bank of England poll, the highest level in over two years. Yet most people would prefer the rate to go down. In the same survey, 36 per cent said…
The Engage Mutual Assurance figures show that having a family is pushing many into debt as they struggle to pay education costs, clothing and other needs. “Meeting the changing needs of modern families means making major financial sacrifices which affect…
Apacs is distributing leaflets that provide a “wealth of information”, including tips on financial management, fraud protection and a list of questions to ask before taking out a credit card. “Nowadays, most students expect to be in debt when they…
Think-tank Reform claims that there is effectively a 50 per cent tax rate in force which will hit the under-35s who are already suffering from mounting debt, rising costs and low earnings growth. “Young people are in danger of drowning…
Student-debt.org.uk found that debt was the primary motivator behind half of university drop-outs, while the average graduate now carries a debt of nearly £15,000. A spokesman from student-debt.org.uk said: “The financial pressures associated with a course of higher education should…
People on low incomes would have the most to gain from debt help and could save nearly £60,000 by the time they reach 60, the Resolution Foundation claims. Commenting on the benefit of providing better financial advice to those on…
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