Archives for 6 July 2007
Misleading insurers ‘could cause debt problem’
Travellers could experience a debt problem if they do not make their insurers fully aware of medical conditions before going overseas, it has been warned.
Insurance provider Direct Line claims that if an existing condition worsens while on holiday, the policyholder may not be covered for any medical expenses.
Those heading to America during the peak […]
Female car insurance ‘could provide debt relief’
Women could experience debt relief by finding a female-only car insurance policy, it has been claimed.
Andrew Paddick, director general of the Institute of Insurance Brokers, advises that female car insurance policies are frequently cheaper than generic products.
He adds that this could mean substantial savings are available to women, especially if they are the sole […]
‘No debt relief’ for first-time buyers
Continued increases to the base rate of interest are making it hard for first-time buyers to find debt relief, it has been claimed.
Figures from Woolwich reveal that the average first-time buyer is now spending 32.4 per cent of their take-home pay on mortgage repayments.
The news comes as the Bank of England’s monetary policy committee […]