According to Experian, its survey revealed that people are failing to take action to improve their credit rating because they do not know their score. Jim Hodgkins, managing director of CreditExpert, said: “Credit scores change as your credit history changes…
Continue reading the "Credit report ignorance harming consumers" »
According to the Institute for Public Policy Research (ippr), adults aged between 35 and 49 who had financial education at school better managed their debts and were £32,000 richer than their peers. “It pays to get clued up,” said ippr…
Continue reading the "Finance education could reap rewards" »
Ray Boulger, of independent mortgage broker Jon Charcol, said that only the most self-disciplined should take out such a mortgage as it was easy to end up with large debt. Commenting on the amount of people getting their first home…
Continue reading the "Expert expresses interest-only mortgages concern" »
Charity workers said that talking about the problem can lead to solutions and stop people from taking drastic measures, including suicide. “Debt is often cited as the reason for suicide, but there are usually deeper issues involved,” a spokeswoman from…
Continue reading the "Samaritans urge people to seek help" »
Worst age overall for debt is 53 – 59, the Consumer Credit Counselling Service (CCCS) said, with one debtor owing a total of £412,000 over 57 credit cards. Out of the CCCS’ 155,000 clients, the over-50s came out as the…
With Britons’ total personal debt rising to £1.2 trillion, the Debt Counsellors urged people to take professional advice before it becomes too late. Commenting on Britain’s debt levels, John Porter of the counselling firm, said: “These latest figures show the…
Continue reading the "Debtors should not be afraid to seek help" »
Around a fifth of Britons told MoneyExpert.com that the latest batch of energy price rises are affecting them, with a quarter of poor households saying that they are “finding it difficult”. “The rise in energy bills is really hitting home,”…
Continue reading the "Poorer households struggling to pay energy bills" »
Philip Cullum, deputy chief executive of the NCC, praised the news that the CC wants to make the home credit loans market more competitive. Welcoming the overall package of measures, Mr Cullum stated: “The NCC especially welcomes the proposals to…
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