Archive for May, 2008

Teens ‘fail to budget’ but want credit cards

Tuesday, May 20th, 2008 Posted in News | Comments Off

Many teenagers are prepared to request overdrafts and apply for credit cards and loans, despite a lack of budgeting skills, new research has suggested.The AXA Financial Task Force revealed that ... Read more..

Cutbacks are key for homeowners, advises expert

Monday, May 19th, 2008 Posted in News | Comments Off

Struggling homeowners should be setting a budget for their spending, a financial expert has advised.According to David Kuo, head of personal finance at Fool.co.uk, consumers must make cutbacks and stick ... Read more..

Mortgages ‘available’ for self-builders

Monday, May 19th, 2008 Posted in News | Comments Off

Prospective homeowners who are planning to self-build their new property should find that there are a still a range of mortgage products available to them, it has been suggested.Jason Orme, ... Read more..

Holiday advice issued to credit cards users

Monday, May 19th, 2008 Posted in News | Comments Off

Credit card users who are looking forward to a trip abroad this summer have been targeted by new advice from Apacs, the UK's payments association, and the Association of British ... Read more..

Basic bills are a ’struggle for homeowners’

Sunday, May 18th, 2008 Posted in News | Comments Off

Homeowners are finding it difficult to meet the rising cost of living, the Citizens Advice Bureaux has warned.The body stated that it found mortgage arrears problems increased by 35 per ... Read more..

Consumers ‘tempted to lie’ on credit applications

Sunday, May 18th, 2008 Posted in News | Comments Off

There may be an increase in the number of fraudulent applications for credit in the current economic climate, one expert has said.Consumers wanting to take out a loan or a ... Read more..

Debt worries ‘not escaped’ by middle class

Sunday, May 18th, 2008 Posted in News | Comments Off

The current problems in the economy have not been escaped by middle class families, new research has suggested.Transact, an agency that supports organisations who deliver advice to consumers suffering with ... Read more..

Current financial squeeze is ‘long-term problem’

Thursday, May 15th, 2008 Posted in News | Comments Off

The current rise in the cost of living is likely to a long-term issue, consumers have been warned.According to the director of finance charity Credit Action, Chris Tapp, consumers and ... Read more..

Consumers should ’shop around’ for mortgages

Thursday, May 15th, 2008 Posted in News | Comments Off

Prospective house buyers have been advised to compare many different mortgage products in the current finance market.Head of mortgages for Moneyfacts Darren Cook stated that consumers should ensure they find ... Read more..

Homeowners with negative equity have “no alternative”

Thursday, May 15th, 2008 Posted in News | Comments Off

Homeowners who have negative equity should sit tight as they do not have many options, one expert has advised.According to Paul Holmes, the operations director at Firstrung, negative equity can ... Read more..