Archives for September 2007
Bride and groom ‘often pay on credit’
Article Category: Debt Management Help and Advice
Britons are facing a growing debt risk when getting married, it has been observed.
Asset management firm F&C Investments notes that the traditional source of funding for weddings - the father of the bride - no longer supplies the necessary cash in many cases.
Instead, the ‘happy couple’ themselves are taking […]
‘Money loss risk’ for home stashes
Article Category: Debt Management Help and Advice
Building up a stash of savings in the wardrobe or under the bed can actually be adding to consumers’ debt problems, according to Cornhill Direct.
The insurer warns that stockpiles of cash are unlikely to be reclaimable on insurance policies if they are stolen.
With a cumulative total of £4.6 billion […]
Loans availability ‘could tighten’
Article Category: Debt Consolidation Help and Advice
The availability of unsecured loans and other forms of borrowing could be set to tighten in the coming months, according to a Bank of England report.
In its Credit Conditions survey for the third quarter of 2007, lenders told the bank that credit card approval terms are also likely to […]
Remortgagers ‘must act quickly’
Article Category: Debt Management Help and Advice
Britons wishing to remortgage in anticipation of a fall in the Bank of England’s base rate of interest should do so quickly, it has been advised.
Katie Tucker, technical manager at independent mortgage broker John Charcol, suggests that there are still options available which could save money for those looking […]
Kitchen thefts can cost ‘a lot of money’
Article Category: Debt Management Help and Advice
Britons could be facing a costly bill to replace items stolen from their kitchen, according to Legal & General.
The financial services provider reveals that 73 per cent of Britons keep valuables such as their wallet or credit cards in their kitchen - elevating the risk of developing bad debt […]
Bedrooms ‘must be covered’
Article Category: Debt Management Help and Advice
The need to insure items in the nation’s bedrooms has been highlighted by research from Abbey.
According to the financial services provider, the average contents of a UK bedroom are worth £4,000, costly items that to replace could leave the owner in debt.
One in four view the bedroom as the […]
£64m heating repairs debt for Brits
Article Category: Debt Management Help and Advice
Britons could find themselves facing a collective debt of £64 million to pay for repairs on heating systems, according to research from uSwitch.
The online comparison and switching service has revealed that while 43 per cent of people do not get their boiler serviced annually, one in five have never […]
Half of adults ‘paying too much tax’
Article Category: Debt Management Help and Advice
Some 48 per cent of Britons are paying too much tax on their savings, according to the latest research.
A study carried out by Britannia has shown that approximately half of the population have never had an individual savings account (Isa) and are therefore missing out on the tax-free savings […]
Contents insurance ’should be reviewed regularly’
Article Category: Debt Management Help and Advice
Not reviewing contents insurance levels could be leaving homeowners at risk of not being covered, it has been warned.
While many houses now have electrical equipment such as plasma televisions, insurance society NFU Mutual suggests that Britons do not regularly upgrade their cover to take high-value items into account.
Some 23 […]
Homeowners ’should claim quickly for tornado damage’
Article Category: Debt Management Help and Advice
Britons whose homes were damaged by the tornadoes which hit the country this week should claim as soon as possible against their building insurance, it has been advised.
Lloyds TSB suggests that consumers should check with their insurer before carrying out any repairs, as a representative may need to examine […]