Archive for August, 2008

Addidi Wealth: Parents should not neglect themselves

by News Team on August 22nd, 2008

TweetShareParents are concerned about their children’s debts should also take care of their own financial wellbeing, Addidi Wealth has said. Following the release of a report by investment provider Skandia revealing 40 per cent of parents are worried about having to help their adult children become debt free, Addidi Wealth’s director has spoken about the [...]

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Comparison sites may be ‘confusing’ for borrowers

by News Team on August 22nd, 2008

TweetSharePeople may look to price comparison sites for a consolidation loan because they seem an easy way to search through options, but Which? has said they may not be as simple as they look. According to the consumer magazine, the three major price comparison websites do not always give the same results for insurance, loans [...]

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Consumers still ‘wary’ of the property ladder

by News Team on August 21st, 2008

TweetShareWith mortgage rates increasing over the past year and house prices declining, many consumers may be concerned about debt management problems leading to arrears or suffering from negative equity. According to the National Association of Estate Agents (NAEA) potential buyers “consumers still lack confidence in the market” and are choosing to “wait and see” what [...]

Posted in Houses and Mortgages | 1 Comment »

Top up cards could help manage money

by News Team on August 21st, 2008

TweetShareHolidays are still big business despite the credit crunch, with around £81 billion spent on trips away by UK adults every year, according to Abbey. For people worried about building up debts by spending on holidays, a top up card may help vacationers stay debt free. Top up cards are used in the same way [...]

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Student shopping basket up £127

by News Team on August 21st, 2008

TweetShareYoung people about to start university this autumn may already be worried about running up credit card debt and other financial problems, but new research has found student finances will be stretched even further. Abbey, having studied students’ shopping baskets and prices on Tesco.com, found inflation has pushed annual food bills up by £127.40 in [...]

Posted in Debt and Young People | No Comments »

Brits suffering “finance literacy” problems

by News Team on August 21st, 2008

TweetShareBritish adults know less about personal finance than a year ago, according to a study released by Abbey. The bank found one in seven people were unable to achieve a mark of over 40 per cent in a GCSE-level exam on personal finance, to gain the equivalent of a grade C. Last year’s study, using [...]

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