1 in 5 pensioners releasing equity have credit card debt
16 March 2010
According to research from equity release specialists Key Retirement Solutions, one in five pensioners releasing equity from their home is carrying credit card debt, averaging £9,000, the Telegraph reports.... read more »
Government announces new `commitments` on credit card debt
15 March 2010
The Government has announced the implementation of a new set of `commitments` to help borrowers with credit card debt.... read more »
Women `less likely to build up debt` than men
12 March 2010
According to research by lovemoney.com, women `are better at budgeting and keeping track of their spending and are less likely to build up debt on a credit card or a loan` than men, the Daily Mail reports.... read more »
Cost of mortgage debt at six-year low
11 March 2010
The average interest rate on a two-year fixed-rate mortgage fell to its lowest level in six-and-a-half years in February, according to the Bank of England.... read more »
Number of savers `on the rise`
9 March 2010
The number of people regularly or occasionally putting money into savings has risen again, according to Nationwide.... read more »
Only one in three `confident about pension income`
8 March 2010
Only one in three (34%) of working people believe their pension will give them a big enough income in retirement, according to new research from the National Association of Pension Funds (NAPF).... read more »
Second `big six` supplier cuts gas prices
5 March 2010
Scottish and Southern Energy has announced it will cut its gas prices by 7% at the end of this month, in a move that will shave £56 off the average annual bill.... read more »
Young adults seeking parents` help with debts
4 March 2010
Over a third (35%) of young adults are forced to borrow money from their parents to get by, according to Scottish Widows, with 38% of these using the money to pay off debt.... read more »
Consumers risk debt as savings levels drop over winter
4 March 2010
According to NS&I`s Savings Survey, the amount of money people in the UK are saving has dropped to its lowest level for over two years, headlinemoney.co.uk reports, potentially putting people at risk of debt.... read more »
Bad debt write-offs at `record high`
2 March 2010
The latest figures from the Bank of England (BoE) suggest that businesses and individuals defaulted on £6.1bn worth of mortgages and loans during the final three-month period of 2009 - the highest level since 1993, when the figures were first collected in this format, the Telegraph reports.... read more »
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