Archives for 17 July 2007
Debt problem ‘at 40-year peak’
The disparity between affluent Britons and those with a debt problem is at its greatest for 40 years, research shows.
A study conducted by the Joseph Rowntree Foundation reveals the total number of households below the poverty line has increased in recent years.
There is some consolation for those facing bad debt, as the level of […]
Uninsured young drivers ‘risk personal debt’
Young drivers who take to the road without insurance are putting themselves at risk of developing personal debt, it has been claimed.
The Motor Insurers’ Bureau (MIB) states that the costs of driving without insurance outweigh the benefits.
Susan Beck, head of communications at the MIB, explains: “There is no denying that young people probably see […]
Finance education ‘can aid debt elimination’
Providing Britons with better financial education could help debt elimination efforts, it has been claimed.
The Personal Finance Education Group (PFEG) urges that debt issues should be covered in more detail in schools.
And the group welcomes moves to make finance a main topic for discussion, rather than leaving it “buried and hidden” within the curriculum.
Alastair […]
MoneyExpert outlines benefits of credit debt management
Card companies in the UK are cashing in on up to £50 million in penalty fees for missing payments over the past six months.
Website MoneyExpert has issued advice to consumers about the benefits of credit debt management in order to keep on top of their debts and avoid damaging their credit rating.
With around 694,506 […]
Rogue traders ‘adding to personal debt’
Rogue traders could be adding to Britons’ personal debt due to the cost of repairing poor building work, it has emerged.
Figures compiled by Abbey reveal the average cost of damage caused by builders is £224, while ten per cent of homeowners have incurred over £1,000 in repair work.
Prasad Shastri, head of insurance marketing at […]