Archives for 18 September 2007
Annual travel insurance ‘cheaper than single-trip cover’
Article Category: Debt Management Help and Advice
Holidaymakers who go abroad a number of times a year could find annual cover an effective means of avoiding debt due to travel insurance costs, it has been suggested.
David Bruce, spokesperson for Halifax Travel Insurance, asserts that annual cover is more affordable than taking out multiple single-trip policies - […]
Prepaid cards ‘can help credit debt management’
Article Category: Debt Management Help and Advice
Individuals who find it difficult to manage their credit card debts could be advised to switch to prepaid plastic, it has been suggested.
Mark Simon, chief executive of prepaid card provider Tuxedo, argues that a “pay as you go” approach to finances is both convenient and secure.
And while he notes […]
Hobbyists ‘conducting credit debt management’
Article Category: Debt Management Help and Advice
Britons are avoiding running up debts on their credit cards as they look to fund an expensive hobby later in life, it has been claimed.
Christine Foyster, head of wealth management marketing at Friends Provident, comments on findings published by the firm that show 32 per cent of Britons spend […]
Overdraft charges ’still not unfair’
Article Category: Debt Management Help and Advice
Bank charges for individuals going into unauthorised debt on their current account have not yet been ruled unfair, the Office of Fair Trading (OFT) reminds consumers.
A spokesperson for the OFT warns that despite the current test case being pursued in the courts, banking customers could still incur further charges.
The […]
Banking on building societies ‘could be costly mistake’
Article Category: Debt Management Help and Advice
Consumers looking to tackle their personal debt could find it is a “costly mistake” to rely on building societies for products such as personal loans, according to Fool.co.uk.
The financial industry insight firm argues that many building societies are outperformed by banks on a regular basis, citing the frequent higher […]
Parents ‘throwing money away’
Article Category: Debt Management Help and Advice
Nearly £8 billion has been wasted on taxes in the past year, according to Independent Financial Adviser Promotion (IFAP).
The firm’s TaxAction report notes the greatest ever amount spent on taxes which could have been avoided through tax-free savings.
In light of the findings, the company suggests many individuals could benefit […]
‘Affordability pressures’ for FTBs and remortgagers
Article Category: Debt Management Help and Advice
New entrants are finding it increasingly difficult to get into the housing market, while existing homeowners are faced with less tempting remortgaging rates, it has been claimed.
Howard Archer, chief UK and European economist at Global Insight, makes the assertion in response to the latest Royal Institution of Chartered Surveyors […]
‘Up to a third’ can be saved on young driver insurance
Article Category: Debt Management Help and Advice
Newly-qualified motorists concerned that their car insurance premiums pose a debt risk could take action to reduce the cost, it has been claimed.
A spokesperson for car insurance provider Direct Line suggests that post-test qualifications can prove that a driver is responsible behind the wheel.
She observes that the Pass Plus […]
Brits ’should seek advice on tax debts’
Article Category: Debt Management Help and Advice
There is a “psychological barrier” for many Britons when it comes to dealing with tax debts, according to an expert.
John Whiting, spokesperson for the Chartered Institute of Taxation, urges consumers to seek professional advice if their tax bill is posing financial difficulty.
He suggests there is “a lot of very […]
Article Category: Debt Management Help and Advice
There is a “psychological barrier” for many Britons when it comes to dealing with tax debts, according to an expert.
John Whiting, spokesperson for the Chartered Institute of Taxation, urges consumers to seek professional advice if their tax bill is posing financial difficulty.
He suggests there is “a lot of very […]