Archive for the ‘Uncategorized’ Category

TweetShareAccording to a MoneyExpert report, the average rate of interest paid on packaged bank accounts equates to only 1.5 per cent once charges are considered, well below the Bank of England rate. While these premium deals claim to offer perks such as insurance offers or travel cash deals, people could be risking debt by paying [...]

TweetShareIn the Axa poll, Britons spent £97.3 billion on holiday and new clothing accounted for much of this, even more than tours, excursions and car hire combined. Britain and Ireland were the most popular destinations, serving as the destination for over two thirds of holidaymakers. However, Nick Kidd, head of lifestyle protection and household claims [...]

TweetShareThe deadline to register with your local council is October 10th and electoral registers are referred to by credit agencies when determining whether to grant someone a loan and at what rate. “Some organisations will refuse to give you credit or other financial services if your credit report shows that you are not registered to [...]

TweetShareAccording to consumer finance website uSwitch.com, 11 per cent of account holders pay a total of £530 million in fees, but a quarter of holders ignore the perks they are paying for. More worrying still, the website claims that banks could be automatically upgrading people to these charging accounts, with 1.3 million believing this is [...]

TweetShareDue to increases in balance transfer fees, the cost of switching to an introductory offer of no interest means that “the vast majority of nought per cent balance transfer deals will become largely worthless,” a spokesman from the firm said. Eddie Nott, deputy chief executive of M&S Money, commented: “You would like to think that [...]

TweetShareIn addition, Liverpool Victoria claims that workers are contributing an annual total of £33 billion in unpaid care and assistance, highlighting the need for both parents and children to start planning for the debt burden of retirement. “The costs of care are also going up and up, so the financial burden can only get heavier,” [...]