‘Dangers of debt’ and the need to save

27 January 2009
Falling interest rates are reducing the appeal of saving, according to new research from the ABI (Association of British Insurers).... read more »

1,000+ mortgage holders could pay 8p interest per month

4 February 2009
Over a thousand mortgage holders could see their monthly mortgage interest payments drop to just 8p if the base rate falls again.... read more »

Some credit cards raise interest on existing debt

9 March 2009
Some credit card providers are raising the interest rate they charge existing customers on the debt they`ve already run up.... read more »

25th March was `Debt Freedom Day`

27 March 2009
New research has shown that it took the average worker in the UK 83 days to earn enough money to pay the interest on their debts in 2009.... read more »

Student loans `could earn interest`

23 April 2009
Economists have suggested that university students could actually earn interest, rather than having to pay it, on their student loans now that RPI (Retail Prices Index) inflation is negative.... read more »

How do inflation and deflation affect my debts?

2 July 2009
At face value, rising inflation might seem like bad news for people who are repaying debts - higher prices for goods and services means less money left to pay off debts.... read more »

Can debt management stop my debt interest?

17 July 2009
A debt management plan can turn your unmanageable debts into manageable ones. By repaying your debts in smaller amounts over a longer period of time, you can be much more confident of ensuring you have enough to cover your essential costs each month.... read more »

Savers `losing money over interest rate cuts`

27 July 2009
Halifax has claimed that savers who rely on interest from savings for a significant proportion of their income have been heavily affected by the recent interest rate cuts, but may be eligible for tax exemption if their income falls below the tax threshold, according to The Telegraph.... read more »

Debt consolidation: will I pay more interest?

17 August 2009
A debt consolidation loan can help you to simplify your finances and reduce your monthly outgoings - which can be helpful if you`re looking to make your finances stretch a little further... read more »

Repayment mortgages `could save borrowers £40,000`

24 August 2009
Moneysupermarket.com has claimed that mortgage holders could save around £40,000 over the lifetime of their mortgage by switching from interest-only to a capital repayment mortgage deal.... read more »

How much does debt consolidation cost?

29 September 2009
Debt consolidation can be a good way for people in debt to reduce their outgoings and simplify their finances.... read more »

Bad credit card debts `to rise`

9 November 2009
The proportion of credit card debts that borrowers cannot afford to repay could reach 9% by the end of next year, experts have claimed.... read more »

Do you know how much interest you`re paying?

9 December 2009
If you are currently repaying multiple debts, you`re not alone. In this day and age, most of us have at least one form of credit - whether that`s a credit card, overdraft, mortgage or personal loan.... read more »

Mortgage `debt burden` lowest for more than five years

15 January 2010
Home buyers needed less of their income to cover their mortgage interest in November than at any time for over five years, according to new statistics from the Council of Mortgage Lenders (CML). ... read more »

Will I pay less interest with a debt consolidation loan?

11 February 2010
If you`re looking for a way of reducing your monthly outgoings and/or simplifying your finances, a debt consolidation loan could be for you. It`s a new loan taken out to pay off multiple existing debts - effectively meaning all your debts are combined into one.... read more »

Economists await Bank of England base rate decision

4 March 2010
The Bank of England`s Monetary Policy Committee (MPC) is set to announce its next base rate decision at midday today (Thursday 4th March).... 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 »

Interest charged on student loans set to rise

23 April 2010
Almost three million students and graduates can expect to see the interest rate on their student loans rise in September, following a rise in the Retail Price Index (RPI), the BBC reports.... read more »

Card holders `should move debt before 0% deal ends`

5 May 2010
Credit card holders who moved their debts onto a 0% balance transfer deal at the beginning of last year should make sure they know when their deal is due to expire, Moneysupermarket.com has warned.... read more »

Average interest rate on personal loans rising

7 May 2010
According to financial research company Defaqto, the average interest rate on an unsecured loan has increased over the past three years - despite the Bank of England`s base rate falling to an all-time low, headlinemoney.co.uk reports.... read more »