Financial News, Tips and Debt Advice
Introduction Our aim is to help you effectively manage your money to improve your finances to help you steer clear of debt. This guide is therefore packed full of informative tips to help boost your bank balance. Who is the Guide for? Our Money Management Guide is for everyone. Whether you are struggling to manage […]
What would happen to a nation if its citizens were to gradually earn less instead of more? A logical answer to that question would be that they would eventually succumb to debt and that many of them will in the end face bankruptcy. The sad reality is that we are not talking about a theoretical […]
New research by insurance firm Aviva reveals that many of the seven million people in the UK who are currently renting a property are more vulnerable to debt problems should they suffer a sudden and unexpected loss of earnings or incur unforeseen expenditure. The study revealed that, while 13% of those living in a home […]
In a recent article we reported on research carried out by the British charity StepChange, which showed that problem debt is costing the UK in the region of £8.3 billion a year. Traditionally, debt has been a much bigger problem in the under-40 age group, but a new study recently revealed that debt among the […]
Ever wondered why your pay cheque is simply not going as far as it used to and why you are trapped in a spiral of debt? The reason might not be financial mismanagement as many experts claim. According to a new study by the consumer group Which?, we are currently paying £410 per year more […]
Although the latest figures about per capita personal loan debt in the Chorley region do not cover all building societies and banks, they are nevertheless quite worrying. Data compiled by the Council of Mortgage Lenders and the British Bankers’ Association shows that the average resident of Chorley has a personal loan debt of more than […]
At last there is some good news for debt-ridden British consumers: instead of the expected increase in mortgage rates, about which we have written repeatedly in the past, the rates might actually be heading down in the near future. The news comes after a survey by the Bank of England released a few days ago […]
A new study reveals that nearly 25% of tenants now have no other choice but to spend half or more of their income on rent. The study also found that 30% of tenants consider their rent bills to be unaffordable. SpareRoom.co.uk, who conducted the study, also discovered that nearly 20% of tenants never expect to […]
According to forecasts by the Bank of England, the British economy is likely to grow by a very healthy 3.5% in 2014. If this figure does materialise it will be the highest growth rate the country has experienced in the last ten years. However, the average British consumer is not sharing the much publicised euphoria […]
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