The Citizens’ Advice Bureau (CAB) has said that people in debt could be helped by Individual Voluntary Arrangements (IVAs), although they need to seek impartial independent advice before entering into one.
Tag: Debt
Motley Fool: When Will You Have Paid Off Your Mortgage?
According to some recent research by Lincoln Financial Group, more than 7.6million of us are banking on our homes to help fund our retirement, ahead of any other long-term savings. But the question is – when will we have paid off our mortgages?
MoneyExpert: Different Deals For Those Who Clear Balance
People who repay their credit card balance in full every month could benefit from a number of different options when it comes to comparing deals, it has emerged.
This Is Money: Debt Doomsday ‘is Coming’
Britain faces a debt doomsday where the number of adults struggling with their finances outnumbers those who can cope
Motley Fool: Get The Insurance You Really Need
Have you ever taken five minutes to look at your bank statements to see where your money goes each month? Mortgage or rent payments, council tax, loan repayments and bills are bound to take the biggest chunk of your income, but you’re also bound to have the odd insurance policy in amongst them. Some of us have a whole list of them. But the question is – which ones do we really need?
Motley Fool: Should We Tax Credit Cards?
No one can deny that we in the UK love our plastic. In 2005, there were nearly 142 million payment cards in issue, with 70 million of these being credit cards, 67 million debit cards and around 5 million charge cards. This means that, on average, we each have 2.4 credit cards and 1.6 debit cards in our pockets. Blimey!
MoneyExpert: ‘Women Borrow Twice As Much As Men’
The UK’s women owe more than twice as much as their male counterparts, it has emerged.
MoneyExpert: FSA Issue Fine To Loans Company
Loans.co.uk has been fined £455,000 by the Financial Services Authority (FSA) over its sales of Payment Protection Insurance (PPI).
MoneyExpert: “Money Problems Are The Last Social Taboo”
A total of 22 per cent of adults feel comfortable discussing their money or debt concerns with their best friends, according to new research.
MoneyExpert: ‘Credit Card Industry Has Made Significant Progress’
New initiatives in the credit card industry have made consumers more responsible when borrowing money, according to a new report.