Around 4.3 million people between the ages of 25 and 50 fall into this category as they cannot afford to live alone, online dating company Parship.com has claimed. According to the survey, 40 per cent of single people found it…
Continue reading the "Debt forces young people back to mum and dad" »
Figures compiled by first-time buyer specialist FirstRungNow show the older generation are having to dig deep to ensure their children can get their first home, potentially undermining their own financial security and pushing up the prospect of debt-laden parents, reports…
Continue reading the "Parents paying out over property price hikes" »
New figures from financial information site Moneyfacts suggests young people are particularly susceptible to fraud thanks to a lax approach to their finances. Almost three-quarters or 73 per cent – do not destroy old credit card receipts or bank statements,…
Continue reading the "Students’ negligence over the security of their credit cards" »
That is the finding of new research from RBS in conjunction with the University of Bristol’s personal finance research centre, which has found a startling lack of awareness concerning financial matters. In total, 7.4 million account holders will not open…
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Figures from Alliance & Leicester Savings reveals that 27.4 million consumers say they simply cannot resist a ‘bargain’, with a further quarter saying they buy things they simply don’t need. In an effort to save money by snapping up so-called…
Continue reading the "Debt-laden Britons splash the cash" »
Last week, Lloyds TSB announced that while it was on course to deliver a strong set of results for the half-year, that mounting consumer bad debt was still a big problem for UK banks. “As indicated in our 2005 preliminary…
Continue reading the "Bad debt leads to bank losses" »
While people may have an application for bankruptcy accepted, it does not mean it is the correct way out of debt. Other options, such as an Individual Voluntary Arrangement (IVA) can be much more suitable. People struggling with bad debts…
Continue reading the "Debtors’ bankruptcy warning" »
Following the recent research by Prudential that said that many pensioners are surviving on what equates to an average annual income of less than £5,000, the Consumer Credit Counselling Service (CCCS) has said that the level of debt for those…
Continue reading the "Debt-riddled pensioners £33K in the red" »