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 »
Lloyds doubles mortgage overpayment allowance
15 March 2010
Lloyds Banking Group is to launch a new scheme allowing its variable-rate mortgage customers to `overpay` by up to 20% without incurring any financial penalty.... 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 falls to six-year low
12 March 2010
According to figures from the Bank of England (BoE), the average interest rate charged on two-year fixed-rate mortgages fell to its lowest level in six and a half years, The Independent reports.... read more »
Universities push for change in student loans system
12 March 2010
According to an article in the Daily Mail, `top universities` are calling for middle-class student loans to be scrapped - a move that could add more than £1,000 to the annual cost of a degree course.... 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 »
Millions `could benefit from switching bank account`
11 March 2010
7 out of 10 Britons have not changed their main bank account since 2000, according to research from Santander, meaning they are potentially missing out on higher levels of interest.... 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 »
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