The organisation recognised that, for those who “know what they are doing”, only having to pay a small amount of the outstanding debt can be beneficial. But it added that in general the trend of minimum repayments falling from five…
Continue reading the "Which? “concerned” by falling minimum repayments" »
According to Lloyds TSB, a student embarking on a three-year course can expect to face an average living cost of £16,146, while those in London are even worse off with an average standing at £20,358. Marcus Banks, of Lloyds TSB…
Continue reading the "Parents must teach undergraduates about debt" »
Concern over late payment charges and the possibility of an interest rate rise have prompted people to be more savvy about paying back their credit card debts, with levels dropping for the third month out of four. The total amount…
Continue reading the "Credit card users managing to clear debt" »
Some 76 per cent of people in the UK are not unduly worried about the impact of energy bills, taxes and a potential interest rate rise on their finances, up by one per cent from the first quarter of the…
It fears that some people are living lavish lifestyles thinking that they can have debt wiped out as a bankrupt, when in reality the consequences could affect them for as long as 15 years. To highlight its point, the Insolvency…
Continue reading the "Insolvency Service warns over bankruptcy" »
John Borgars of Equity Development claims that the households would be unable to cope if they were hit by unexpected illness, injury or redundancy. “For the last eight years, Britons in aggregate have been spending more than they earn resulting…
Continue reading the "2 million ‘on financial knife-edge’" »
The campaign group, Debt on Our Doorstep, wants to see a limit put on the credit interest to ensure that those people being targeted, often the most vulnerable members of society, do not fall even deeper into debt. Interest on…
Continue reading the "MPs back Debt on Our Doorstep campaign" »
Encouragingly, many people would be happy to shun life in the fame limelight if they could guarantee themselves a place on the property ladder, getting by financially and achieving equilibrium between work and life. Produced by Churchill, managing finances and…
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