Retirement is supposed to be a time when people can sit back and relax, without having to worry about their finances and making ongoing loan repayments. But aside from the fact that many individuals have not made adequate provision for their retirement income, around one in five are likely to retire with outstanding loan and [...]
I know this may seem like not a particularly cheery subject at this time of year, but it could be relevant as more and more individuals approach Christmas with a huge burden of personal loan and credit card debt hanging round their necks, increasing their debt stress levels to breaking point.
So…do you know the answer? [...]
The majority of people with savings in a UK bank or building society simply put their money into an account which pays them the best rate of interest they are able to find, without giving much thought as to exactly how the bank is able to make money from their investment.
Most savers who have considered [...]
As money becomes tighter and inflation continues to grow at an alarming rate, more and more people in the UK are turning to borrowing on credit cards and personal loans to see them through to the end of the month, according to a new survey from Moneysupermarket.com.
Rather than just using their credit card, or taking [...]
Whilst the UK is still in the grip of the current austerity measures, with many people struggling to make ends meet financially, households are generally cutting back on their monthly expenditure where they can and trying to reduce their outstanding debts on personal loans and credit cards, in order to give themselves a bit of [...]
One of the most important areas of an individual’s finances, is to provide cover for income protection to maintain the repayments on their loans and other regular bills, in the event of redundancy, accident or long term sickness, thereby avoiding bad credit and keeping the roof over their head.
However, a new survey conducted by YouGov [...]
In his recent budget speech, the Chancellor, George Osbourne announced that the government was introducing a scheme to help first time buyers obtain a home owner loan or mortgage, by introducing top up loans in connection with building firms to help with funding deposits.
The loans are to be provided partly by the government and partly [...]
