TweetShareAccording to the Royal Bank of Scotland, the average student at Birmingham University gets £152.50 every week from their parents to help with living costs and to clear debt that they accrue. However, not every student is lucky enough to get their parents to bank roll their time at university and 45 per cent said [...]
Archive for September, 2006
Students relying on parents to clear debt
by News Team on September 28th, 2006
Debt driving students to £54m in loans
by News Team on September 27th, 2006
TweetShareAccording to Sainsbury’s Bank, personal loans to cover education costs are set to rocket this year as tuition fees near-treble to £3,000, yet many could add further to this debt by not shopping around for the best rate. “As students go back to university, many will face a significant increase in their living expenses,” said [...]
Credit card debt ‘never-ending’
by News Team on September 27th, 2006
TweetShareAccording to Moneyfacts.co.uk, rising bad debt levels and a cap on late-payment fees means that many lenders are raising the interest rates on credit cards, increasing the time it takes for people to repay loans. “Rising bad debts and the lost fee revenue has left many providers with no choice but to look for alternative [...]
£2.7bn unnecessary pension debt
by News Team on September 27th, 2006
TweetShareThe independent financial advisor service claims that nearly half of the UK’s pensioners are unaware of their entitlements and tax rights. In addition, future pensioners are also being urged to plan for the future to ensure that they retire in comfort rather than struggling to clear debt. “No one likes paying more tax than is [...]
Third of pensioners to pay mortgage debt
by News Team on September 27th, 2006
TweetShareData from One Account reveals that 36 per cent of Britons expect to be saddled with mortgage repayments when they are over 60. “Paying off a mortgage should not mean that people have to put their life plans on hold,” said Debbie Milsom, from the One Account. “It is worrying that homeowners perceive that it [...]
Children footing the bill for parents
by News Team on September 26th, 2006
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,” [...]
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