At the forefront of things to worry about were issues such as avian flu, something which the average Brit can do little to prevent, while problems with debt seem to be less of a concern. In Prudential’s National Risk Report,…
Continue reading the "Debt not the worst of our worries" »
According to research from National Savings & Investments (NS&I), although 43 per cent of people claim to be worried about their finances, only 42 per cent have actually done anything about it. “Today’s findings reveal an underlying fear of getting…
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For some in the capital, it could be another six years and two months before they have gathered together enough money for a deposit on a property, as an average of £25,183 is required. The ‘spend now, pay later’ attitude…
Continue reading the "Debt doesn’t help first-time buyers" »
Instead, The Debt Counsellors are urging credit card holders to strive towards eliminating credit card debt altogether to avoid any such charges. John Porter, a senior counsellor with The Debt Counsellors, commented: “Credit card debt is costing too many people…
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Seven out of ten people will hide their debts from their partner, normally as they do not want to confront the reality of their situation, an attitude which only serves to worsen the problem. The Debt Free Direct survey confirmed…
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BBA director Samantha Mitchell says that there has been an “upturn” in saving behaviour, meaning that people are less likely to be taking out credit on cards and loans. Commenting on the Birmingham Midshares statement that Britons are putting away…
Continue reading the "Consumers starting to heed debt warnings" »
This year, June 3rd is ‘tax freedom day’, meaning the rest of the year’s earnings at last go into the worker’s pocket. As a result, the think-tank warns that mounting taxes could start affecting jobs and taxation levels could influence…
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The consumer rights group said that in light of the Office of Fair Trading (OFT) action that has brought charges down from £25 to £12 with many providers, banks should now explain how they calculate the cost of someone going…
Continue reading the "Which? wants credit card charges explanation" »