TweetShareCosts associated with sending children to school are putting a significant financial burden on parents around the UK, according to a recent study carried out by Citizens Advice. As debt management problems increase for households nationwide, the charity reports that three in four parents find school costs difficult or very difficult to pay. Charges for [...]
Archive for August, 2007
Parents ‘struggling to pay school costs’
by News Team on August 31st, 2007
Warning issued over ‘friendly borrowing’
by News Team on August 31st, 2007
TweetShareBorrowing money from or to friends and family can often lead to debt management problems for all concerned, one expert has warned. Stephen Rose from the Debt Advice Bureaux suggests that there are financial risks involved with lending to friends or family, particularly if no written agreement has been drawn up by the two parties. [...]
Report highlights ‘ingenious’ credit card charges
by News Team on August 31st, 2007
TweetShareA report from the consumer group Which? has highlighted some of the ways credit card providers are aiming to increase their revenues. Which? describes the methods used by financial service firms to raise revenues, including low usage fees and unclear interest rate calculations, as “ingenious”, but warns that consumers could find themselves struggling to deal [...]
Citizens Advice backs finance lessons in school
by News Team on August 31st, 2007
TweetShareThe national charity Citizens Advice has welcomed plans that will see schoolchildren aged 11 to 16 around the UK taught how to manage their money. It is hoped that the “economic wellbeing and financial capability” lessons will lead to a reduction in the number of British adults who find themselves dealing with debt management difficulties. [...]
Interest rate rises ‘feared most by young Brits’
by News Team on August 30th, 2007
TweetShareRecent research has suggested that young British consumers are the most likely to be fearful of rises in the base rate of interest. According to a study carried out by ICM Research on behalf of Intelligent Finance, a full 40 per cent of Britons aged between 18 and 24 are worried about an increase in [...]
‘More Brits remortgaging to pay off debts’
by News Team on August 30th, 2007
TweetShareAn increasing number of homeowners around the UK are remortgaging their properties in an effort to become debt free , one expert has asserted. Sue Anderson, head of member and external relations for the Council of Mortgage Lenders (CML), suggests that replacing one mortgage loan with another from a different lender is an increasingly common [...]
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