Archives for 10 September 2007
‘Massive reductions’ for energy improvements
Article Category: Debt Management Help and Advice
Making improvements to a property’s energy consumption can result in “massive reductions” in utility bills and could assist debt management efforts, according to a Conservative Party member.
Zac Goldsmith, candidate for Richmond Park, told BBC One’s The Andrew Marr Show that homeowners should consider the impact of energy costs on […]
Drivers’ disinterest ‘posing debt risk’
Article Category: Debt Management Help and Advice
Motorists are facing a growing risk of developing a debt problem as car insurance premiums continue to rise, according to Sainsbury’s Bank.
And while many could stand to save by switching to another provider, the financial services firm notes a reluctance to employ such debt management techniques.
One in five of […]
Bad credit Brits ’saving for their children’
Article Category: Debt Management Help and Advice
Britons with bad credit are willing to make sacrifices in order to put money aside for their children, it has emerged.
Figures from engage Mutual Assurance show that low-income consumers are less likely to spend on holidays and cars.
Meanwhile, they are more than a third (34 per cent) more likely […]
Debt management ’satisfies consumers’
Article Category: Debt Management Help and Advice
Consumers feel satisfied when they know they are managing their debts effectively, it has been suggested.
Figures published by National Savings & Investments show 97 per cent of Britons achieve a sense of satisfaction by finding a bargain.
Among younger consumers, 94 per cent of 16 to 24-year-olds say they are […]
Bad credit loans ’still covered by Banking Code’
Article Category: Debt Consolidation Help and Advice
Customers obtaining bad credit loans are assessed for their ability to repay the borrowing under the terms of the Banking Code, according to the regulation’s operating body.
Spokesperson Adrian Lloyd advises that sub-prime loans are subject to the same protection as any other form of borrowing when obtained from institutions […]
‘No debt problem’ for job change Brits
Article Category: Debt Management Help and Advice
Britons looking to change their career need not fear a debt problem, it has been advised.
According to Birmingham Midshires, financial worries are keeping many employees in a job they would rather leave.
Over a quarter (26 per cent) of respondents to a recent survey by the financial services provider cited […]
Remortgage urged to tackle ‘rate shock’
Article Category: Debt Management Help and Advice
Nationwide has urged Britons to remortgage in order to avoid a “rate shock” when their fixed-rate mortgage deal expires.
With 250,000 households expected to emerge from fixed-rate introductory periods between October and December, early action is advised by the financial services provider.
“Borrowers need to consider remortgaging as soon as their […]
Interest rates ‘putting bad credit Britons at risk’
Article Category: Debt Management Help and Advice
Consumers with bad credit are being placed in an increasingly insecure financial situation by the current interest rate, it has been warned.
The Bank of England’s monetary policy committee (MPC) voted in its September meeting to maintain the current base rate of 5.75 per cent.
But Howard Archer, chief UK and […]
UK debt ‘expected to rise’
Article Category: IVA (Individual Voluntary Arrangement) Help and Advice
Personal debt in the UK is likely to continue to rise until 2011, it has been claimed.
A new Debt Management Market Report from Research and Markets predicts a continued increase in the level of debt in the country in the next four years.
Mortgages are likely to play […]
Parents ‘feel the pinch’ of extracurricular activities
Article Category: Debt Management Help and Advice
Parents will “feel the pinch” of paying for their child’s extracurricular interests unless they manage their finances effectively, it has been warned.
Figures published by Alliance & Leicester show parents are facing a combined potential debt of £2.8 billion for private music lessons.
A further £314 million of personal debt could […]