TweetShareHouseholds struggling to handle their energy debt management have been warned to turn to prepayment meters only as a last resort. Price comparison site uSwitch has urged consumers to avoid the meters if possible as they can be more expensive in the long run. It comes after regulator Ofgem’s Social Obligations report showed that 5.9 [...]
Archive for September, 2008
Those with energy debt should turn to prepaid meters as ‘last resort’
by News Team on September 30th, 2008
Parents ‘must manage money’ to pay for growing children
by News Team on September 30th, 2008
TweetShareParents are being advised to conduct debt management in order to help them cover the costs of supporting their children in later life. Family finances are increasingly stretched when younger generations begin to reach adulthood, notes M&G Investments. “As a parent myself, I am very aware of the demands that children can make on your [...]
AMI releases credit crunch report
by News Team on September 30th, 2008
TweetShareThe Association of Mortgage Intermediaries has published a new report entitled The Credit Crunch – One Year On. It predicts that there may be more bankruptcies within the industry, particularly for medium-sized firms that rely heavily on the purchase of mortgage leads. Net lending for 2008 will be approximately £55 billion – half the level [...]
Government rescues Bradford & Bingley
by News Team on September 29th, 2008
TweetShareMortgage lender Bradford & Bingley (B&B) will be nationalised in a bid to save it from bankruptcy. The government will take control of the bank after it got into financial difficulties and share prices fell sharply last week. Its £50 billion worth of loans and mortgages will be managed by ministers in a similar fashion [...]
Students ‘must inform insurers’ of change in address to avoid potential debt
by News Team on September 29th, 2008
TweetShareStudents may place themselves at a higher risk of debt if they fail to inform insurers of a change in circumstances, it has been claimed. Mike Powell, a consultant from Defaqto, has stated that those who move away to university may be unaware that if they are parking their car at a shared house or [...]
Pensioners ‘forced into debt’
by News Team on September 28th, 2008
TweetShareCharity Age Concern is calling for the government to take action in order to increase the number of people receiving pension credits. A new report from the group, entitled Flagship or Flagging? has found that six out of ten low income pensioners are struggling to handle their finances. The organisation is urging ministers to reform [...]
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