Archive for August, 2006

TweetShareAround a fifth of Britons told MoneyExpert.com that the latest batch of energy price rises are affecting them, with a quarter of poor households saying that they are “finding it difficult”. “The rise in energy bills is really hitting home,” said Sean Gardner, chief executive of MoneyExpert.com. “There is a serious squeeze on spending.” Findings [...]

TweetSharePhilip Cullum, deputy chief executive of the NCC, praised the news that the CC wants to make the home credit loans market more competitive. Welcoming the overall package of measures, Mr Cullum stated: “The NCC especially welcomes the proposals to oblige home credit lenders to share information on their customers’ payment records – making it [...]

TweetShareResearch for uSwitch.com found that nearly 540,000 borrowers are paying over the odds for loans below £5,000, with rates as high as 19.9 per cent APR. Nick White, head of personal finance at uSwitch.com, commented: “Loans are undoubtedly the most cost effective option where a customer is looking to borrow large sums of money. However, [...]

TweetShareAccording to Mutual Assurance research, almost half of parents with children over the age of 25 are helping their children to cover basic living costs. Commenting on the report, Karl Elliott, 3GB spokesman for engage Mutual Assurance said: “With recent reports showing that parents are paying an average of £18,000 to help their children buy [...]

TweetShareBut in doing so they are going bankrupt in record numbers as their earnings do not much the bank balances that the England footballers’ Wives and Girlfriends (Wags) have, accountants Wilkins Kenned claimed. “The Wag-type is a person who thinks they should have a much higher lifestyle than they can afford. Young women are increasingly [...]

TweetShareCredit card debt dropped by £300 million during July, figures from the British Bankers’ Association (BBA) show, a possible sign that people are better managing their finances. However, the amount of deposits savers put into bank accounts also slowed in this period to £2.1 billion, compared to the six-month average of £3.1 billion. “Weaker deposit [...]