The research, carried out by the Learning and Skills Council (LSC), shows that 86 per cent of parents never broach the subject of finances with their offspring due to awkwardness or embarrassment about money matters. This reluctance to get things…
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Julia Harris, mortgage analyst at Moneyfacts.co.uk, said that banks were waking up to the fact that while graduates may start with huge debts, they will soon start earning and will want a home in the meantime. “With the aim of…
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According to the Alliance Trust, inflation has hit the elderly with essentials such as food and drink accounting for twice the proportion of spending than that of the under-30s. “We have found the eldest householders are still the ones who…
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Economics spokesman for the party, Vince Cable, said that personal debt is becoming a key issue for social and economic policy. “Personal debt problems is becoming a dominating issue in economic and social policy,” claimed the MP. “Millions of people…
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The bank has started offering overdrafts to new students up to £500 greater than other lenders, rising to £2,100. Other banks only offer £1,000 to first year students, but Halifax could encourage students to borrow more as it offers an…
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Equifax said that the move is to help people face up to their personal debt problems so that they can act, the Mail on Sunday reports. “People in serious debt often have difficulty in understanding the full extent of the…
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The guide at MoneyEverything.com is said to allow users to compare cashback options, interest rates and other features that vary between lenders. “We look at how the individual repays their debts and then make a recommendation,” said Jon Francis, who…
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Price comparison website Moneysupermarket.com said that with charges for foreign use and interest rates as high as 17.9 per cent on cards, students travelling after graduation need to be careful with how they use their plastic. However, Stuart Glendinning, managing…
Continue reading the "Gap year travellers warned to use card for emergencies" »
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