TweetShareMore people are contemplating taking part in car-sharing schemes in a bid to lower expenses, it has been claimed. A survey from AA Insurance has found that 47 per cent of the public are now considering sharing their car journeys with others, largely due to the rising cost of petrol. It could contribute towards debt [...]
Archive for September, 2008
Motorists ‘considering car sharing in order to lower debt’
by News Team on September 22nd, 2008
People ‘putting themselves at risk of debt’ by cutting travel insurance
by News Team on September 22nd, 2008
TweetShareMillions of Brits are putting themselves at risk of incurring large debts by not taking out travel insurance, a financial company has claimed. Research from American Express Insurance Services has found that 24 per cent of the population are planning to go on holiday this year without taking the protective measure. The organisation warned that [...]
Public ‘racks up credit card debt’ in DIY shops
by News Team on September 22nd, 2008
TweetShareThe British public racked up £5.3 billion in credit card debt paying for goods in DIY stores over the last year, according to a new report. Payments association Apacs has revealed figures that show over four million transactions involving credit or debt cards take place in home improvement shops each week. In the past 12 [...]
Interest rates ‘could be cut in coming months’
by News Team on September 21st, 2008
TweetShareInterest rates could potentially be lowered as early as November, according to the Council of Mortgage Lenders (CML). Commenting on the recent bankruptcy of US firm Lehman Brothers, the bailout of Freddie Mac and Fannie Mae and a number of events in the UK financial market, the CML speculated that rates could fall as a [...]
New qualification for debt workers
by News Team on September 20th, 2008
TweetShareA new qualification has been launched for financial workers that could help them to be effective at advising people about debt management. The ifs School of Finance has announced that it expects to achieve a target of 1,000 registrations for the subject before the deadline in October. It is hoped that the Qualifications and Curriculum [...]
Lloyds TSB agree to take over HBOS
by News Team on September 19th, 2008
TweetShareHalifax Bank of Scotland (HBOS) is to be taken over by Lloyds TSB in a £12.2 billion rescue deal. In a move that could impact those who have loans, savings or mortgages with the firms, they will merge in a bid to stave off the threat of bankruptcy for HBOS. Normal competition rules that would [...]
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