Numerous consumer groups and public sector advisors have banded the prospect of introducing financial management classes into schools for some time. However, it has recently been announced that the Government plans to allocate approximately 12 million pounds towards the education bill, in order to fund the initiative.
As a means to better combat rising consumer debt [...]
The Bank of England has today announced that the national rate of interest (interest base rate) will remain static at 5.75%, despite widespread speculation of a further rise.
Experts agree that the news will be particularly beneficial to those individuals suffering with personal debt, and it is also likely to bring a smile to the faces [...]
According to new studies by one of the UK’s leading debt management firms, more than 30% of loan applicants agree to taking out payment protection insurance without fully understanding how it works, or indeed, what it is.
For those not in the know, payment protection insurance provides loan applicants with peace of mind should they experience [...]
According to a recent study, more than 65% of parents are miscalculating the impact of higher learning fees, when putting their children through University and are suffering financially, as a result.
The research showed that many parents are putting to little into specific saving funds for their children and are having to source additional finance should [...]
Contrary to popular belief, new studies have revealed that women are more susceptible to issues of debt and financial management than men.
One of the UK’s leading market research companies (responsible for the study) stated that women are almost 5 times more likely to struggle with their credit commitments than men. However, the firm also stated [...]
Fears associated to future interest rate rises are said to affect almost 50% of the UK’s population. However, recent research reveals that less than a third of people have taken the necessary steps required to protect their financial commitments from further market activity.
According to the study, around 30% of people are concerned that future rate [...]
