Archive for July, 2008

Students urged to insure their belongings to avoid debt

by on July 30th, 2008

TweetShareNew research has shown the average student heading to university this September will have nearly £1,500 of belongings, leading an insurer to recommend freshers have sufficient cover to remain debt free. The research, carried out by ICM and released by esure.com, also found nine per cent of students would be taking over £3,000 worth of [...]

Brits showing mixed reactions to credit crunch, survey shows

by on July 30th, 2008

TweetShareThe credit crunch may have affected the housing market and availability of credit cards but in other areas people are showing varying degrees of impact, according to a new poll. The survey, undertaken by Norwich and Peterborough Building Society, indicates while many people are cutting back on luxuries remain debt free, others are spending the [...]

Financial woes sending retirees abroad, says expert

by on July 29th, 2008

TweetShareThe cost of living increases are a “massive contributory factor” to the rising numbers of people moving abroad for their retirement, the director of Shelter Offshore has said. Rhiannon Davies said day-to-day living costs and inflation levels were “spiralling” and working people are finding it difficult to cope, meaning pensioners would be finding the situation [...]

House prices may climb by 25%

by on July 29th, 2008

TweetShareHomeowners worried about facing debt management problems due to negative equity may be interested in new research indicating house prices may increase 25 per cent by 2013. According to the National Housing Federation’s (NHF) Home Truths 2008 report the property market will regain its health in the next 18 months and average prices will begin [...]

Young Brits abroad warned about debt

by on July 29th, 2008

TweetShareNew research has found 23.8 per cent of British travellers aged 18 or under has been a victim of theft. The study by Tesco Personal Finance found 63 per cent of people do not set a daily spending limit while on holiday, potentially racking up debts to face when they get home. In total, nine [...]

Financial language is confusing, says expert

by on July 27th, 2008

TweetShareFollowing research released by National Savings and Investments (NS&I) claiming nine per cent of British consumers have no understanding of inflation, the investment provider has said such terms are “confusing”. According to the figures, released earlier this week, a further 31 per cent knew the meaning of “inflation” but not how it affected their savings, [...]

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