Loans
Nearly one in five will retire in debt this year
Nearly one in five (18 per cent) of those planning to retire this year will do so with outstanding debts, according to figures released by Prudential.
Over a quarter of Brits will carry a credit card debt throughout 2012
New research has revealed that over a quarter (26 per cent) of Brits expect to owe money on their credit cards throughout 2012, with nearly one in ten (9 per cent) admitting they are relying on their plastic to make ends meet.
Sainsbury's Finance cuts personal loan rate
Sainsbury's Finance has reduced its Standard personal loan rate to a best buy 6.1% APR Representative for loans between £7,500 and £14,999.
Move your debt to a zero per cent credit card to save money
With Christmas now behind us and many consumers looking to consolidate their debts, MoneySupermarket.com analysis shows that hundreds of pounds can be saved by moving to the best zero per cent credit card deals on the market.
One in five struggling to manage debts
Research from the Money Advice Trust has shown that the number of people getting help from free debt advice agencies increased in 2011 to 1.54 million people, compared to 1.4 million in 2010.
Choosing an unsecured loan
With the festive period now over, people's thoughts may be turning to how they manage the debt they have accrued in the lead up to Christmas or potentially securing finance for planned purchases in 2012.
M&S Money reveals leading loan rate
From 5th January 2012, M&S Money is reducing the rate on its personal loans from 6.4 per cent to 6.0 per cent APR (representative). The offer applies to personal loans between £7,500 and £15,000 over 12 to 60 months.
The Co-operative Bank lowers loan rates
The Co-operative Bank has further reduced rates across its entire personal loan range by 1% APR.
High inflation continues to help push nation into debt
Today's announcement by The Bank of England that inflation has dipped slightly to 4.8 per cent in November is good news for hard pressed households; although it is unlikely to relieve much of the financial pressure many consumers are facing.
‘Peer-to-peer' lending not protected by the FSCS
‘Peer-to-peer' lending is becoming an increasingly popular alternative to high street savings with consumers looking for the most competitive rates of interest.
3.5 million reach for payday loans as ‘zombie' debtors rise
As nearly half the population (45%) struggle to make it to ‘payday', a payday loan will become a reality for many.
Personal loan rates hit lowest levels in years
Unsecured personal loan rates for those borrowing over £7,500 have hit their lowest levels since the start of the credit crunch, according to analysis from Britain's number one comparison site, MoneySupermarket.
First time buyers look to second jobs and loans to raise deposit
Aspiring first time buyers are increasingly taking on second jobs, taking out personal loans or sharing payments with friends to raise money for a deposit on their first home, according to new research from Santander Mortgages.
Unemployment driving young people into debt, warns charity
Responding to Office of National Statistics (ONS) figures showing that youth unemployment has reached more than one million, debt charity Consumer Credit Counselling Service (CCCS) has warned that rising unemployment is driving many young people into serious debt.
Families bail out friends and relations as inflation bites
Almost a third (31%) of families are providing financial support to their extended family and friends, according to the latest Aviva Family Finances Report.