Loans
Britain’s £44.6 billion hidden debt
Research from MORE TH>N Legal Services has revealed the total amount of unpaid loans between friends or family members stands at a staggering £44.6 billion, and one in three people (32%) admit such borrowing has caused rifts that may never be repaired.
£42,650 - The price of a degree
As the government trebles tuition fees to an eye watering £9,000 a year, struggling students can expect to fork out a staggering £43,650 over a three year degree course – nearly twice the UK average salary (£25,543 ).
Loan rates beginning to fall
The average rates on the top 10 unsecured personal loans has started to fall again, after rising to record highs in the first half of 2010, according to analysis from moneysupermarket.com.
Debt problems leave more sleeping on the sofa
Leading debt charity Consumer Credit Counselling Service (CCCS) has seen a rise in people calling its helpline who have no fixed abode.
Free online advice to help Brits tackle personal debt
My Money Steps has been launched by debt advice charity the Money Advice Trust. It's a new interactive online tool to help the growing numbers who need debt advice.
Brits happy to talk about salary and debts
Britain is becoming ‘shameless' according to new research from uSwitch.com, the independent price comparison and switching service, which reveals that Brits are no longer embarrassed to discuss issues that have traditionally been taboo.
Parents say it’ll be easier for kids to get into debt
Despite the credit crunch and the focus on finances the nation's parents admit they are still worried about whether the next generation will be able to manage their own money, according to a study by M&S Money.
Expectant parents borrow £2.32 billion in baby loans
Parents eagerly awaiting a new baby will need an average of £2,980 to fund purchases such as decorating and furnishing the nursery, a buggy, car seat, baby clothes and toys according to new research from Sainsbury's Finance Personal Loans.
'Bank of Friends' lends over £7bn in last 12 months
The effects of the recession have caused a new type of lending to emerge, as people turn to the 'Bank of Friends' to borrow over £7 billion to cover the gaps in their income according to new research from the Post Office.
Consumers warned on 'unenforceable debt' claims
The OFT is warning consumers that businesses that claim to be able to use sections 77/78/79 of the Consumer Credit Act 1974 to wipe out their debts are misleading them.
The secret to bridging loan success in France
It’s a familiar story. You’ve put your UK home on the market, keen to make a fresh start in France.
Review your finances ahead of the Spending Review
Following on from measures announced in June's emergency budget it is widely predicted that this week's Spending Review announcement will spell out even tougher measures to cut the budget deficit. In these austere and difficult times, analysis by moneysupermarket.com shows how consumers can take matters into their own hands, and save an extra £2,982 by switching to the best deals available on their financial products.
Personal loan rates increase by 17%
There has been a 16.74% increase in the average interest rate on personal loans of £5,000 in the last two years alone, according to research by Sainsbury's Finance.
Nationwide cuts personal loan rate
Nationwide Building Society is has cut its personal loan rate to 7.5% APR typical, making it the UK's lowest personal loan rate.
Lack of financial education has cost Brits £250 million
Lack of financial education has cost Brits nearly £250 million in charges and penalties alone, with almost a quarter (24%) having been hit by charges because they don't understand the terms and conditions of financial products, according to new research from uSwitch.com.