TweetShareOlder people who are trying to save money by using their heating less are finding that they have to spend more due to price hikes, new research has revealed. According to data compiled by the Institute for Fiscal Studies, commissioned by Age Concern and Help the Aged, poorer pensioners have reduced their fuel usage by [...]
Archive for August, 2009
Pensioners ‘trying to save by turning down heat’
by News Team on August 28th, 2009
Workless household rate ‘has increased’
by News Team on August 28th, 2009
TweetShareThe number of people of working-age who belong to workless households has increased compared to a year ago, according to newly released figures. A survey conducted by the Office for National Statistics revealed that the incidences of those living in such circumstances rose to 4.8 million in April to June, an increase of 500,000 from [...]
People in debt ‘should shop around’
by News Team on August 27th, 2009
TweetSharePeople concerned about money in the recession should look around for the best deals on items such as car and home insurance, figures from a price comparison website suggest. According to data from Confused.com, 25 per cent of people have cancelled policies in order to save money and prevent themselves from possibly falling into debt. [...]
Mortgage lenders ‘reluctant to reduce rates’
by News Team on August 26th, 2009
TweetShareMortgage lenders are continually increasing market margins in order to stabilise themselves, at the expense of those looking for loans, an industry expert has said. According to Michelle Slade from Moneyfacts.co.uk, rules that previously applied to lenders such as passing or decreasing rates based on funding costs no longer seem to apply as the widest [...]
New regulations ‘could hinder consumer credit market’
by News Team on August 26th, 2009
TweetShareThe consumer credit market could be hampered by the implementation of further regulations, according to new findings. Figures from the Finance and Leasing Association indicate that new credit provided by its members decreased in the second quarter of 2009 by 17 per cent from the previous year. Head of research and chief economist Geraldine Kilkelly [...]
Debt consolidation loans ‘could see a revival’
by News Team on August 25th, 2009
TweetShareThe number of people seeking to take out debt consolidation loans as a way of reducing their outstanding debts could be set to increase as the recession ends, it has been suggested. According to Champion Finance, debt consolidation loans have been less in demand due to the downturn, despite the fact that secured lenders are [...]
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