Archive for November, 2006

‘Take out personal loan’ to consolidate debts

Monday, November 20th, 2006 Posted in News | Comments Off

People who are in debt could benefit from taking out a low-rate personal loan, according to an expert.Michael Clarke, from the This is Money website, said that if people wished ... Read more..

Young people should be taught financial skills, say Tories

Monday, November 20th, 2006 Posted in News | Comments Off

The Conservative Party has suggested teaching young people personal finance skills to improve their financial literacy.Shadow chancellor George Osborne proposed that young people aged between 11 and 18 should be ... Read more..

3m people ‘financially vulnerable’

Friday, November 17th, 2006 Posted in News | Comments Off

Up to three million people are in so much debt that they could enter an individual voluntary arrangement (IVA) in the next few years, according to an expert.Derek Oakley, insolvency ... Read more..

More people ‘will seek IVAs’

Friday, November 17th, 2006 Posted in News | Comments Off

The number of people seeking individual voluntary arrangements (IVAs) is likely to increase over the next few years, an expert has predicted.James Falla, director of Thomas Charles, said that was ... Read more..

Fewer households ‘have money to spend’

Wednesday, November 15th, 2006 Posted in News | Comments Off

The number of households with money left over after paying monthly expenses has declined in the last three years, according to new research.A study by Legal & General found that ... Read more..

Women prefer men who watch the pennies

Wednesday, November 15th, 2006 Posted in News | Comments Off

Men who save money rather than spend it are more likely to attract long-term mates, according to new research.A study by Yorkshire Building Society (YBS) found that most women did ... Read more..

People urged to look after finances at Christmas

Wednesday, November 15th, 2006 Posted in News | Comments Off

Consumers should not overstretch themselves financially over Christmas, a leading charity has warned.The Consumer Credit Counselling Service advised consumers to plan their spending for the Christmas season and to manage ... Read more..

Workers ‘not saving for retirement’

Tuesday, November 14th, 2006 Posted in News | Comments Off

Almost two-thirds of UK workers are likely to face a "difficult" retirement, according to new research.Figures from JPMorgan found that many people were not saving adequately for their retirement, with ... Read more..

Pay council tax ‘or be made bankrupt’

Tuesday, November 14th, 2006 Posted in News | Comments Off

People who avoid paying council tax could be risking bankruptcy, according to a council official.Grahame Lucas, head of finance at Worcester City Council, said the authority was still planning to ... Read more..

Debt levels ‘reaching tipping point’

Monday, November 13th, 2006 Posted in News | Comments Off

Levels of debt in the UK are reaching a "tipping point" spurred on by rate rises and burgeoning house prices, one expert has claimed.The Bank of England's decision to increase ... Read more..

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