The charity said that it plans to distribute financial know-how tool kits to thousands of school pupils as part of a new scheme. John Bateman, chief executive of UK Youth, told Channel 4’s News at Noon: “20 per cent of…
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Over a third of students are doing “non-graduate work” according to the Higher Education Statistics Agency (HESA), such that they are saddled in low paid jobs with a mountain of debt from their studies. “With increasing levels of student debt…
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Symptoms of ignoring the problem – and not making the debt go away – include not opening bills, or hiding the extent of the financial crisis from family. Stephen Rose, director of the Debt Advice Bureau, said: “There is nothing…
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Britannia Building Society said that it is to contact its interest-only customers to highlight the danger of only paying the interest and not the capital on their mortgage, warning that they are creating a “potential timebomb”, the Times reports. Nick…
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Prudential says that over a million retirees have an average debt of £15,500 and 70,000 have a debt as high as £75,000. Most worryingly, a quarter of pensioners say that they lack the funds to repay debt and other financial…
According to the Association of Investment Trust Companies (AITC), parents are underestimating graduation debt levels by nearly half the true amount of £13,500. “This year parents and future students have underestimated by a greater margin the amount of student debt…
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Cheltenham & Gloucester warns that a rise in the rate by a quarter of a point will mean that average families could spend nearly half of their take-home pay on mortgage repayments. Managing director of C&G, Jon Pain, said: “Despite…
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According to Visa UK, £83 billion “disappears” annually from British wallets and purses, working out at £1,700 per person, enough to cover utility bills for a year. “This research reveals how difficult it is to keep track of your spending…
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