Archives for October 2007
Debt management advice for prospective student homebuyers
Article Category: Debt Management Help and Advice Students considering the purchase of a university property have been offered debt management advice by one financial services provider.Abbey has recommended that students should carefully consider the affordability of any mortgage they take out and draw up a careful budget to avoid any debt problems.According to research from […]
Mortgage calculations ‘elude debt-risking Britons’
Article Category: Debt Management Help and Advice Britons may be risking debt due to a lack of mortgage awareness, it has been warned.Experian’s online credit reporting service CreditExpert conducted a survey which found that 70 per cent of UK consumers could not correctly calculate the impact of a 0.5 per cent interest rate rise on […]
Care over Christmas credit advised
Article Category: Debt Management Help and AdviceThe normalisation of credit means that many UK consumers may risk debt over Christmas, it has been claimed.Savings manager for AWD Chase de Vere Susan Hannums said that Britons’ tendency to rely on credit may get more pronounced over the Christmas months as consumers in debt struggle to fund […]
Mortgage pressures ‘cut borrowing and saving’
Article Category: Debt Management Help and AdviceDebt worries among Britons with mortgages are causing them to both save and borrow less, a new study indicates,A new report from Alliance & Leicester shows that high interest rates have prompted many mortgage-holding families to cut down on their unsecured borrowing, while saving among this group is also […]
Young people ‘may be worried about debt’
Article Category: Debt Management Help and Advice Young people are worried that their lack of financial education could lead to debt problems in later life, it has been suggested.A study by NatWest has found that 51 per cent of people between the ages of 14 and 16 feel frustrated by maxims such as ‘money doesn’t […]
Gap year travellers ‘may risk debt’
Article Category: Debt Management Help and AdvicePeople going away on gap years may be unaware of the need to hone their debt management capabilities, it has been suggested.Tom Griffiths, founder of sector website gapyear.com, said that travellers often have a tendency to prioritise immediate gratification over fiscal responsibility and may find they risk a debt […]
Younger Britons ‘worried about money’
Article Category: Debt Management Help and Advice The pressure to be financially successful is a key worry among people in their 20s, new research shows.A study from Saga has revealed that people in this age group are more likely to feel stressed than those in their 50s, with financial matters such as debt management topping […]
Britons ‘lying about debt’
Article Category: Debt Management Help and Advice One in six people have lied about their debt situation, a new study shows.According to research from the Motley Fool, 16 per cent of Britons have been dishonest about their level of debt, with this figure rising to 22 per cent among younger consumers.Some 20 per cent of […]
Less affluent will struggle to get mortgages, says charity
Article Category: Debt Management Help and AdviceLess well-off people may find it harder to get mortgages, one sector charity has asserted.A spokesperson for debt charity Credit Action commented that the credit squeeze is likely to affect the mortgage market, with less affluent consumers finding the home loan options available to them restricted."There is no doubt […]
IVA customers ’should not be concerned about credit squeeze’
Article Category: IVA (Individual Voluntary Arrangement) Help and AdviceIVAs will withstand the credit squeeze, the Consumer Credit Counselling Service has stated.A spokesperson for the charity said that while the industry may undergo a restructure due to the tightening up of the markets, consumers should not be affected by this."It’s more of a business and commercial […]