£200 a month being spent on credit cards online

A study that has been carried out by Sainsbury’s Finance has shown how consumers in Britain are racking up around £200 a month on their credit cards due to spending on them on the Internet. The average amount spend on credit cards each month on online transactions is said to be £192 but more than [...]

Temporary mortgage respite for first time buyers

First time buyers in the UK have received temporary respite when it comes to getting a mortgage after the Financial Services Authority decided to review proposals that are set to shake up the mortgage industry and place increased restrictions on lenders when it comes to the approval of mortgage loans.
The UK’s financial regulator wants more [...]

Who is most likely to use their credit card this Christmas?

A survey has recently been carried out by the financial giant ING Direct showing which consumers are most likely to be racking up debt on their credit cards over the festive season. At this time of year many people bring their credit cards out for a good airing, but some people are more likely than [...]

Is it worth getting into more debt this Christmas?

Recent reports have painted a worrying picture with regards to the connection between Christmas and debt amongst consumers in the UK. With the financial climate still in a poor state following the global financial crisis and the recession many people are bound to be cash strapped this year, and many will be relying on credit [...]

Credit card users should get rewards

Many people these days use their credit cards to make all sorts of purchases both in bricks and mortar shops and online, and at this time of year in particular there are many people that will be using their cards to buy things such as Christmas gifts, food, clothes, and other goodies that you will [...]

Fall in loan rates will not continue

Over recent years the rate of interest charged on personal loans has been heading upwards, and this is despite the fact that for nearly two years the base interest rate has been at a record low of just 0.5 percent, which is the lowest it has ever been in the history of the Bank of [...]

More young people being helped with debt issues

It has been reported that there has been an increase in the number of younger people that are seeking help with debt problems, according to a charity. Many people are struggling with debt throughout the UK these days, but people tend to assume that those experiencing debt issues are usually older people with mortgages and [...]

Buying is cheaper than renting in many places

It has been reported that in many towns and cities in the UK buying is actually more cost effective than renting a home. Officials have said that with mortgage rates so low at present those renting a property in many towns and cities are often paying considerably more than those that have bought a comparable [...]

Younger drivers have the chance to reduce their insurance costs

A new driving course has been launched for younger, newer drivers to help them to hone their driving skills, which could also result in them being able to reduce their car insurance premiums quite considerably in some cases. The cost of insuring a car for younger drivers can be crippling, and reports have shown that [...]

More than half of drivers stay with their insurance company for more than a year

The results of a recent study have found that more than half of drivers in the UK tend to stay with their insurance company for more than a year, which means that even when they get the opportunity to switch to another insurer they decide to stay on with their existing provider. This could be [...]

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